HeliSwap is an open-source decentralized exchange (DEX) platform that supports tokens within the Hedera ecosystem. The codebase for HeliSwap v1 is a fork of the Uniswap v2 protocol, which means some of the most popular DEX features are now available on Hedera Hashgraph.

As the core product offered by HeliSwap, the HeliSwap DEX allows users to conduct token swaps of all manner between ERC-20, HTS and HBAR tokens. Currently, connecting with a Hashpack wallet is required to trade on HeliSwap, and only tokens that have sufficient liquidity in their liquidity pools can be swapped.

HeliSwap operates as an automated market maker (AMM), which means that digital assets can be traded in an automatic and permissionless manner. This is possible through the use of liquidity pools that allow anyone to supply liquidity and earn transaction fees.

Yield Farms are offered as an extra incentive to liquidity providers. To earn extra rewards, all providers need to do is deposit their LP tokens in a yield farm, sit back, and wait for the passive income to roll in.

$HELI is HeliSwap native token serving as a transferable representation of several utility functions attributed to it. This mainly includes Governance, Liquidity and Staking.