Here are several important features you would miss if you don't use LP-Swap:
- 1.LP-Maximiser algorithm
- 2.Complete list of swap fees
- 3.Complete list of internal transactions
Without LP-Swap, if you have to convert BUSD into CAKE-WBNB LP, you would swap 50% of your BUSD for CAKE and 50% for WBNB, but due to slippage, you would not have CAKE and WBNB in equal proportion. Therefore, not all your CAKE and WBNB will be consumed in LP creation.
This is problematic: not all your BUSD have been finally converted into CAKE-WBNB LP... Moreover, you will either have to spend fees and time to convert back CAKE and WBNB into BUSD, or you will decide to let them in your wallet, forget them and waste of money.
With LP-Swap, all your BUSD will be converted into CAKE-WBNB LP. We conceived an algorithm called LP-Maximiser. It finds the percentage of BUSD to swap into CAKE and into WBNB such that all your CAKE and WBNB are consumed in LP creation, leading to more CAKE-WBNB LP for you!
If you use LP-Swap to swap "BIFI in Beefy" into "CAKE-WBNB LP in Swamp", you will see the list of all the swap fees you will pay in the process:
This understand of the fees is crucial and you wouldn't get it without LP-Swap.
If you use LP-Swap to swap "BIFI in Beefy" into "CAKE-WBNB LP in Swamp", you will see the list of the transactions LP-Swap does internally to realise the swap: