# Atheneswap Intro

## Atheneswap

<figure><img src="/files/L9p7hf7Hxwug18PAzvRb" alt=""><figcaption></figcaption></figure>

Atheneswap, named after Athene, the birthplace of the ancient Olympic Games and the first host of the modern Olympics, is the first decentralized finance platform of the Ground Chain.

The name Atheneswap signifies the establishment of a stadium for ecosystem participants and the creation of a genuine racing arena.

Atheneswap aims to specialize in a DEX tailored to the K STADIUM ecosystem while faithfully adhering to the AMM protocol. The AMM protocol, which replaces traditional order book-based trading with liquidity pools created by liquidity providers, is characterized by easy trading, fast speed, and high rewards. These characters are also inherited by Atheneswap. Atheneswap supports easy and fast swap for tokens which commonly used on the K STADIUM Ground Chain and rewards liquidity providers. Atheneswap fully aligns with the concept of a decentralized exchange. All activities on Atheneswap are recorded on the blockchain for transparent management. User assets, deposits and withdrawals, and transaction approvals are managed by individuals who have control over their private keys, rather than a separate administrator, and users can access all services by integrating with the K STADIUM Wallet.

Atheneswap focuses on the convenience of K STADIUM users and the growth of the ecosystem. Just as Ground Chain is the foundation for building its own ecosystem for K STADIUM users, the DEX of Ground Chain is also designed with K STADIUM users as a priority.

K STADIUM ecosystem follows a structure where newly funded projects are continually expanded into DApps through community governance voting. When project investments are decided and projects progress, newly distributed token are rewarded. These distributed tokens have independent value and can also be listed on exchanges of other networks. Atheneswap enables easy trading of these tokens all at once.

Atheneswap ensures user convenience and profitability. Users can become liquidity providers and supply their rewarded or held tokens to liquidity pools to earn additional income.

At the same time, new users can easily enter the ecosystem through Atheneswap. New projects in the Ground Chain ecosystem can now create liquidity pools and be traded on Atheneswap. Through Atheneswap, existing users can easily access new tokens, and in addition, the convenience of newly acquired users participating in new projects (DApps) is also increased. Users can now trade tokens based on the Ground Chain through Atheneswap without having to switch the network of the tokens to the Ground Chain using a bridge, even if they purchased the tokens from exchanges that only support other chains.

Through integration with the K STADIUM Bridge service, tokens based on other chains can also be traded on Atheneswap. The initial version of Atheneswap initially supports ETH and USDT. The range of tokens supported by Atheneswap will gradually expand.

## **Participants**

Atheneswap participants are broadly classified into 3 categories.

### 1. Swap Users

Swap users exchange token pairs corresponding to the established liquidity pools. They pay a fee equivalent to 0.25% of the exchanged token amount.

### 2. Liquidity Provider

Liquidity providers supply liquidity to the exchangeable liquidity pools created on Atheneswap. Liquidity providers receive a reward of 0.17% of the swap volume by default. Additionally, they can deposit the LP tokens received from liquidity provision in the Pair Staking Pool to earn additional rewards.

### 3. Single Staking User

Users can utilize the single staking provided by Atheneswap, where they stake a single token for a certain period and receive rewards.

The participants in 3 categories can sometimes overlap. Participants engage in financial activities by utilizing one or more products offered by Atheneswap. The point is Atheneswap operates based on users’ interactions and voluntarily provided liquidity pools. All financial activities are transparently recorded on the blockchain without interference from a central authority.


# Swap

<figure><img src="/files/ftAOgY5X59rtDhNUDanC" alt=""><figcaption></figcaption></figure>

The function known as ‘Swap’ refers to the exchange of tokens and serves as the fundamental feature of a decentralized exchange. Decentralized exchanges operates on a concept contrasting centralized exchanges. In centralized exchanges, the exchange records the buying and selling prices provided by users in an order book and acts as an intermediary. Therefore, the fees received as intermediation are replaced by fees paid by users to liquidity providers. Token exchanges on decentralized exchanges occur through liquidity providers. Token exchanges on decentralized exchanges occur through liquidity pools, which are contracts that secure tokens. Users who wish to provide liquidity offer pairs of exchangeable tokens to the liquidity pool, and users who want to exchange tokens do so within the liquidity pool. The first action is referred to as liquidity provision, and the latter as a swap.

Various assets within the K STADIUM app are displayed and traded on Atheneswap through wallet integration. With simple operations, users can easily exchange one token for another. The exchange rate is determined by the ratio of the deposited token pairs in the pool. Swap incurs a certain fee, which may be subject to change according to Atheneswap’s fee policy. In the current version, the fee is set at 0.25% of the exchanged tokens. Of the generated transations fees, 0.17% is distributed to liquidity providers.


# How to Swap

{% hint style="info" %}
Please note that the token ratio shown in the guide images is for reference only.
{% endhint %}

<figure><img src="/files/K2jtFxmojRvzZbn5RcXW" alt=""><figcaption></figcaption></figure>

Logging into the K STADIUM App, go to Atheneswap through the banner on the main screen.

<figure><img src="/files/2hozTYCVprumJRaiMHML" alt=""><figcaption></figcaption></figure>

1. Go to the guidance page.
2. Refreshing the price. The price will update automatically without manual retrieval.
3. Select the cryptocurrency to input and enter the quantity.
4. Choose the cryptocurrency to be output. The converted quantity will be displayed based on the quantity of the input cryptocurrency.
5. This is swap button to proceed with the swap.
6. The expected swap details will be displayed.

<figure><img src="/files/3dfDewLoomOpvTi2tsqU" alt=""><figcaption></figcaption></figure>

Choose the cryptocurrencies to swap.

<figure><img src="/files/VwrKO7k558dV4J6FsUGl" alt=""><figcaption></figcaption></figure>

Once the cryptocurrencies are selected on the top and bottom, enter the quantity to swap.

After entering, proceed with the swap by clicking the “Trade Now” button.

<figure><img src="/files/6QNB8iZQOgRAeQqSv7J8" alt=""><figcaption></figcaption></figure>

Confirm the entered quantity, received quantity, swap fee, and estimated transaction fee. Click the “Confirm Swap” button to finalize the swap.

<figure><img src="/files/hHrQsIUl1OzTPVmcCZ2i" alt=""><figcaption></figcaption></figure>

Swap completed!

You can check the transaction on the explorer.

You can check the swapped tokens in the Wallet tab of the K STADIUM App.


# FAQ

**Q. How is the price of the swapped token determined?**

The price of the token is determined based on the token ratio in the liquidity pool where it is supplied. For example, if users continuously exchange token A for token B in a liquidity pool, the quantity of token A in the pool decreases while the quantity of token B increases, resulting in a rise in the price of token A. Therefore, the token price in the swap service may differ from the token price listed on the exchange.

**Q. Is there a fee to swap (exchange) tokens?**

Yes. When using the swap service, a swap fee equivalent to 0.25% of the exchanged token amount is charged, along with a small amount of **KSTA** as a transaction fee.

**Q. I lost the wallet connection. How long does the wallet stay connected, and how can I continue using the swap service after disconnection?**

<figure><img src="/files/vkQwY51HxDAy8FnK6sgI" alt=""><figcaption></figcaption></figure>

The wallet connection to Atheneswap is maintained for 15 minutes for asset protection. After 15 minutes, the wallet will be disconnected. To continue using the swap service, please access the swap page again from the K STADIUM App.

**Q. What is Slippage? What is the Slippage tolerance?**

Slippage refers to the difference between the price at which a user submits (confirms) a transaction and the price at which it is actually executed. Usually it is caused by sudden price fluctuations in the token. If slippage occurs that exceeds the allowable range, the transaction will be automatically canceled. In DeFi services, the slippage caused by price fluctuations often occurs. Therefore, the slippage tolerance range is set to prevent the cancellation of transactions even if a certain range of slippage occurs. In Atheneswap beta, a slippage allowance of 0.5% is set.

**Q. I cannot proceed because the confirm button is deactivated.**

The token price on Atheneswap is regularly updated. If there is a significant difference between the estimated price shown and the actual price, the **confirm** button will be deactivated. Please close the window and try the swap again.

**Q. Why does a transaction fail during the swap process?**

Transactions can fail due to the following reasons:

* Insufficient **KSTA** transaction fees

In addition to the swap fee, a small amount of **KSTA** is required as a transaction fee. Please check your balance.

* User’s device’s network environment

Please check your network connection

* Ground Chain environment

If a certain number of transaction requests occur simultaneously, there may be delays. Please try again later.

**Q. After the swap is complete, where can I check my assets?**

You can check your assets in the Wallet tab of the K STADIUM App. Transaction information can also be viewed on the K STADIUM Explorer.

**Q. Is it possible to use Atheneswap by connecting the wallet on PC web? What devices are supported?**

Atheneswap is only available on the mobile web. Please use the swap service through the K STADIUM App on your mobile device.


# Liquidity

<figure><img src="/files/vkTGRamqZdD41l1Fbv0H" alt=""><figcaption></figcaption></figure>

The smart contract where assets are deposited is called a liquidity pool. A liquidity pool consists of a pair of two cryptocurrencies deposited together. Participants in the ecosystem, known as Liquidity Providers, deposit assets into the desired pool. Assets can be deposited in the form of paired tokens, which are tied together in the same way as he assets in the liquidity pool. The exchange rate of assets and the deposit ratio of pair tokens are determined based on the reserved amount of assets in the liquidity pool. By providing liquidity pool, users receive LP tokens, which represent their share of the total pool.

During the asset deposit period, users have the opportunity to receive fees paid by other users for exchanging assets in the pool. If a user holds KSTA and LOUI and wises to deposit assets into the liquidity pool, they can deposit KSTA and LOUI according to a desired proportion and reveive KSTA-LOUL LP tokens in return. Upon deposit, an equivalent value of each asset will be supplied based on their current market prices within the Atheneswap contract pool, rather than external exchange prices. For example, if the prices of KSTA and LOUI are $1 and $2 respectively, a user who wants to deposit 100 KSTA would deposit an equivalent of $100 worth of KSTA and would also need to deposit 50 LOUI to match the same value.

Rewards are distributed from the moment the liquidity provision is completed, and the supplied liquidity can be withdrawn at any time. Upon withdrawal, users receive rewards along with their LP tokens. The quantity of assets supplied as liquidity and the quantity of assets received upon withdrawal may vary due to price fluctuations of cryptocurrencies.


# How to Provide/Remove Liquidity

{% hint style="info" %}
Please note that the token ratio shown in the guide images is for reference only.
{% endhint %}

<figure><img src="/files/Az9OqPat6QclgmA8R7Ck" alt=""><figcaption></figcaption></figure>

Go to Liquidity tab to see a list of remaining LP tokens that can be staked in “My Liquidity”

The “No Liquidity Found” message appears when either 1. you have not provided liquidity or 2. you have staked all your LP tokens in the Pair Staking Pool after providing liquidity.

## \<Adding Liquidity>

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

Tap the “Add Liquidity” button to supply liquidity.

<figure><img src="/files/VVSuOdqcpU1wnWAPFKUU" alt=""><figcaption></figcaption></figure>

Select the two tokens you want to provide liquidity for.

You cannot select tokens that have a zero balance.

<figure><img src="/files/OFvdnAW3B8TeUTWmdPp5" alt=""><figcaption></figcaption></figure>

If there is no Pair Staking Pool for the selected token pair, you will see the message “No staking pool for this pair.”

* It is recommended to select a token pair that is already provided in a Pair Staking Pool if you want to earn additional rewards through Pair Staking

<figure><img src="/files/d7oreQHNwd0XpyZ0De4n" alt=""><figcaption></figcaption></figure>

After completing the token selection, tap the “Add Liquidity” button to proceed to the quantity input page.

You can enter the desired amount of liquidity you want to provide on the quantity input page.

<figure><img src="/files/3xLwJkWptooFbghcNOkb" alt=""><figcaption></figcaption></figure>

If one side of the token pair has an insufficient quantity, you will see the message “Insufficient Token Balance,” and you won’t be able to proceed.

* The token price is determined by the ratio of tokens in the Liquidity Pool. For example, if the Liquidity Pool has a price of 2 TokenA = 1 TokenB, the user needs to input TokenA in twice the quantity of TokenB when providing liquidity.

<figure><img src="/files/d6AsjMoGXJxNQrpGX1Hi" alt=""><figcaption></figcaption></figure>

Please input the available quantity according to the token price.

Proceed with supplying liquidity by clicking the “Supply” button.

<figure><img src="/files/9sAprHGE4o4YWFMQ9C28" alt=""><figcaption></figcaption></figure>

Review the quantities of LP tokens to be received and the amount of cryptocurrency to be supplied on the confirmation screen, and click the “Confirm” button to finalize the liquidity supply.

<figure><img src="/files/VgTYDZsd8aWzWq9NzkDn" alt=""><figcaption></figcaption></figure>

Liquidity supply has been completed.

<figure><img src="/files/w7hJoJkiwEj5wN3B0f5x" alt=""><figcaption></figcaption></figure>

Now you can see the received LP tokens in “My Liquidity” list.

<figure><img src="/files/3UubG6b0hAsPzGY4viFo" alt=""><figcaption></figcaption></figure>

In the details of the LP token, you can check the amount of tokens you input and your stake in the Liquidity Pool.

You can also make additional liquidity supply to existing stuff by “Add liquidity instead” button.

Due to fluctuations in token prices, the amount of tokens you will receive upon removing liquidity may differ.

By providing liquidity, you will receive a portion of the swap fee paid by other users. However, to earn additional rewards, you need to stake LP tokens in the Pair Staking Pool.

Refer to the [Pair Staking guide](/products/pair-staking/how-to-use-pair-staking) for instructions on how to stake.

## \<How to Remove Liquidity>

You may remove liquidity anytime from “My Liquidity”

However, to remove liquidity, it must be in an unstaked state. Please refer to the Pair Staking menu for the unstaking guide.

LP tokens in an unstaked state will be listed, and you can receive back the tokens you provided for liquidity through liquidity removal.

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

Click the “Remove” button to remove liquidity.

<figure><img src="/files/QHxggqgEvD5wmbsO5SFD" alt=""><figcaption></figcaption></figure>

Enter the amount of LP tokens you wish to remove.

The amount of cryptocurrency you will receive will be automatically calculated.

* Due to price fluctuations, the token quantities during liquidity provision and removal may differ.

Tap “Remove” to proceed with liquidity removal.

<figure><img src="/files/IXfgyWyDp2SeoixnxwjF" alt=""><figcaption></figcaption></figure>

On the final confirmation screen, review the liquidity removal details and tap the “Confirm” button to complete the liquidity removal.


# FAQ

**Q. How to the token ratio determined when providing liquidity?**

The token ratio for liquidity provision in determined based on the price ratio of the liquidity pool, which is the pool where users swap tokens. For example, if TokenA and TokenB are supplied to the Liquidity Pool in a 1:1 ratio, and the prices of the two tokens are the same, users who provide additional liquidity will also need to input both tokens in the same ration. In this case, if you want to supply 500 tokens of TokenA, you will need to input 500 tokens of TokenB as well.

**Q. I have provided liquidity. What steps do I need to take to receive rewards?**

By providing liquidity, you can receive a portion of the swap fees paid by other users when they swap, However, if you stake the LP tokens received after providing liquidity into the Pair Staking Pool, you can earn additional rewards.

If you have successfully provided liquidity, you will see information about stakable LP tokens in your liquidity list. Additionally, you can check your LP tokens in the K STADIUM App wallet.

**Q. I provided liquidity and staked, but I can’t see my LP tokens.**

Assets staked in the Pair Staking Poll will not visible in your wallet or token list. If you do not see your tokens and you haven’t staked them, please contact the Help Center ([help.kstadium.io](http://help.kstadium.io)) for assistance.

**Q. I removed liquidity, but the amount of tokens received is different from the initially supplied tokens.**

The price ratio in the liquidity pool can change due to user swaps. The amount of LP tokens received when providing liquidity remains unchanged, but when removing liquidity and burning the LP tokens, the amount of the two tokens received can be different from the initial amount.


# Pair Staking

<figure><img src="/files/bQxrgRGHGyrBStgNm6OP" alt=""><figcaption></figcaption></figure>

The act of staking the tokens received as a representation of liquidity provision by Liquidity Providers is called LP Staking or Yield Farming. Liquidity Providers receive a share of the swap fees from swap users by default, but they can also deposit LP tokens into the Pair Staking Pool to receive additional rewards. In AtheneSwap, the reward token LOUI is provided as compensation for Pair Staking.


# How to Use Pair Staking

{% hint style="info" %}
Please note that the token ratio shown in the guide images is for reference only.
{% endhint %}

<figure><img src="/files/5riQurHe9V8czzzdD6Cn" alt=""><figcaption></figcaption></figure>

Go to the Pair tab.

Select a pool where staking is possible - a pool where I hold LP from Pair Staking Pool list.

<figure><img src="/files/3MWC1u0pEYAOHSKlYDFP" alt=""><figcaption></figcaption></figure>

In the pool details, you can stake through Stake LP.

(To provide additional liquidity and earn more rewards, select the Get LP button to acquire LP)

<figure><img src="/files/hblYKs4v3QKjWl6NLuvW" alt=""><figcaption></figcaption></figure>

Enter the amount of the LP token you want to stake.

Click “Confirm” button to proceed.

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

Staking has been completed.

<figure><img src="/files/KDOpV5N6lXu4eUBnjmkf" alt=""><figcaption></figcaption></figure>

You can check the information of the pool you staked in the Pair list.

In the staked pool, you can claim rewards, stake more, and unstake.

You can stake additional LP by tapping the \[+] button.

## \<Reward Claim>

<figure><img src="/files/JRZfV3V2dZkK0rnYVRTP" alt=""><figcaption></figcaption></figure>

It is simple to claim rewards. Tap the Claim button to receive Loui rewards.

## \<Unstaking>

<figure><img src="/files/QzFfyfPCn0nIGCKy08PH" alt=""><figcaption></figcaption></figure>

Tap the \[-] button to display the unstaking window.

<figure><img src="/files/IHa5YREzMsqcFLlYlCAt" alt=""><figcaption></figcaption></figure>

Enter the amount of LP tokens you want to unstake, then confirm the unstaking by pressing the Confirm button.

<figure><img src="/files/qQe7v1V2pgW4BvIPippv" alt=""><figcaption></figcaption></figure>

Unstaking has been completed.

You can check unstaked LP tokens from the Pair in My Liquidity.

<figure><img src="/files/jqCV2APOCf0UN7rwVD1C" alt=""><figcaption></figcaption></figure>

You can use the Staked Only <mark style="background-color:red;">toggle</mark> to sort and view only the tokens you have staked from the entire list.

* You can also check "<mark style="color:blue;">Staked</mark>" sign on the right side of LP token name


# FAQ

**Q. How can I do Pair Staking?**

First, you need to provide liquidity for the tokens which you want to stake in the Liquidity menu. By providing liquidity, LP tokens will be issued. You can stake these LP tokens in the Pair Staking Pool.

**Q. How is APR determined?**

There are rewards allocated to each pool from the Atheneswap Reward Token. APR is calculated based on the reward amount, the reserved amount of each pool, and the user’s share in the pool. APR is an estimate and can vary depending on token price fluctuations and changes in the user’s share.


# Single Staking

<figure><img src="/files/ZPg5tQf9EoqqJ17HztZP" alt=""><figcaption></figcaption></figure>

This is a menu where users can deposit a single virtual asset and earn interest income. By depositing into the Single Virtual Asset Pool, users receive rewards determined by the stake ratio and reward distribution amount. Initially, Atheneswap will offer a Single Staking Pool for LOUI. Users can stake reward tokens in the Single Staking Pool to receive more reward token. Subsequently, pools for virtual assets including KSTA will be added.

Atheneswap plans to expand as a service that provides various use cases for Ground Chain based assets, such as issuing new project token as rewards for single staking or operating staking pools for new projects tokens or other tokens Users will be able to receive customized rewards through this service.


# How to Use Single Staking

{% hint style="info" %}
Please note that the token ratio shown in the guide images is for reference only.
{% endhint %}

<figure><img src="/files/nLX2lqPfNOiWb4NDTBMW" alt=""><figcaption></figcaption></figure>

Go to the Single tab to stake a single digital asset.

Atheneswap V1 provides the staking feature for the Atheneswap reward token, Loui.

Click the Stake button to stake Loui and receive more reward tokens.

<figure><img src="/files/YJUQNLYyfxgbVBWFjQu6" alt=""><figcaption></figcaption></figure>

Enter the amount of Loui you want to stake and proceed by tapping the Confirm button.

<figure><img src="/files/i6sqSIq2Q1Fg0F9iMUcI" alt=""><figcaption></figcaption></figure>

Staking has been completed.

You can check your staked information on the screen.

You can additional stake through tap the \[+] button.

## \<Claim Rewards>

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

Tap the Claim button in the staking history to receive rewards.

<figure><img src="/files/AVu5z2P1kzul8dzdL5Vb" alt=""><figcaption></figcaption></figure>

Once received, you can check them in your K STADIUM Wallet. Check the transaction details in the Explorer.

## \<Unstaking>

<figure><img src="/files/FJt3vm2FvuVDO3rr6MaA" alt=""><figcaption></figcaption></figure>

In the Single Staking tab, you can withdraw the staked assets by tapping the \[-] button in the staking details.

<figure><img src="/files/PAQ8m6aPptgPjkcC5OuG" alt=""><figcaption></figcaption></figure>

Enter the amount you want to withdraw and proceed with the unstaking by pressing the Confirm button.

<figure><img src="/files/rCmOgs1tUoxPSJqlikHC" alt=""><figcaption></figcaption></figure>

Your assets have been unstaked.

Any unreceived rewards before unstaking will be automatically claimed simultaneously with the unstaking process.


# FAQ

**Q. What is Single Staking?**

Single Staking is a pool where you can easily stake a single token and earn rewards. Currently, there is a pool for staking Loui, and there are plans to create pools for other cryptocurrencies on GroundChain in the future.

**Q: How is the APR determined?**

There are a certain amount of Atheneswap Reward Token allocated to each pool. The APR is calculated by multiplying these rewards by the amount reserved in each pool and your share in the pool. The APR is an estimate and will vary based on the price of the tokens or your share in the pool.


# LOUI Tokenomics

<figure><img src="/files/4EcaNlWEzrJdwWgMiOJR" alt=""><figcaption></figcaption></figure>

LOUI is distributed as a reward for activities in Atheneswap. Users can participate in Pair Staking, Single Staking and receive LOUI as rewards. Users can deposit the distributed LOUI tokens along with other virtual assets (ex. KSTA) as a pair, or they can deposit them into the LOUI Pool provided in the Single Staking menu to receive greater rewards.

LOUI is an inflationary token that is issued at a fixed amount per block (initially set at 1 LOUI per specified block). The issued LOUI tokens are divided into Distribution and Burn portions, and the ratio may vary depending on the need for issuance adjustment through the issuance policy and burn mechanism. The distribution of rewards is also determined by adjusting the Reward Treasury and the amount of distributed rewards based on the TVL of the Staking Pool.

<figure><img src="/files/YvZhR4JaogpBiXBsvKyw" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/GCMvN5SqgEfffxMTbYM6" alt=""><figcaption></figcaption></figure>

**Token Name**: Loui

**Token Symbol** : LOUI

**Chain** : Ground Chain

**Emission per block**: 1

**Daily Emission**: 86,400