> For the complete documentation index, see [llms.txt](https://ringprotocol.gitbook.io/ring/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ringprotocol.gitbook.io/ring/ring-swap.md).

# Ring Swap

Ring Swap is our first product that enables an AMM on Blast, maximizing asset utilization for liquidity providers (LPs). On the surface, Ring Swap works exactly the same as other DEXs, such as Uniswap V2. Liquidity providers earn a 0.3% fee on all trades, proportional to their share of the pool. Fees are added to the pool, accruing in real time, and can be claimed by withdrawing your liquidity.

In addition, our protocol has integrated with Blast's automatic yield mechanism. If the underlying assets are ETH and USD, our smart contract will capture the native yield. Furthermore, Ring Swap will reward LPs with the Ring Governance Token (RGB) through yield farming. Oh, one more thing, all airdrops from Blast will be given exclusively to the Ring community.

Here is a visualization of the token economics flow of Ring Swap.

<figure><img src="/files/WdM98dP0ITmkpABbTWEA" alt=""><figcaption></figcaption></figure>


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