FAQ

You deposit two tokens as a pair into a pool. These tokens are automatically used when other users swap, and you earn a share of the trading fee each time a trade occurs. The setup is simple — beginners can use Basic mode to participate immediately without any additional configuration.

Swaps always follow an Token A ↔ Token B exchange structure. For a trade to be possible, both tokens must exist in the pool simultaneously — so liquidity providing is fundamentally done in token pairs.

Your deposited tokens are used in other users’ swap transactions. When price changes occur, the ratio of tokens in the pool automatically adjusts — so when you withdraw, the token amounts may differ from when you deposited. This is called Impermanent Loss (IL). IL is a structural characteristic, and actual profit/loss must be evaluated comprehensively along with fee and emission rewards.

After providing liquidity (Providing), you must also complete Staking to activate points and emission rewards. Simply creating an LP position does not earn rewards. Check your staking status in My Portfolio → Liquidity.

A portion of trading fees accumulates automatically every time a swap occurs in the pool. Emission rewards are distributed after each Epoch (1 week) closes. Both rewards can be checked and claimed in My Portfolio → Liquidity → Rewards.

Yes. There is no lock-up period — you can withdraw any amount at any time. However, due to market price changes, you may receive different token amounts than when you deposited.

Basic mode is ready to use immediately with no setup — ideal for beginners. Concentrated mode improves capital efficiency by focusing on a specific price range, but requires periodic management as fees stop accruing if the price moves out of range.

A swap instantly exchanges one token in your wallet for another. No separate deposit or withdrawal process is needed — the exchange happens directly from your wallet, and all transactions are automatically processed by smart contracts.

Yes, a small swap fee is charged. This fee is automatically distributed as rewards to liquidity providers (LPs) and veTER voting participants.

Slippage is the tolerance for price changes between when you submit a swap and when it actually executes. Set too low and trades will frequently fail; set too high and trades may execute at worse prices than expected. A setting of 0.5% ~ 1.0% is generally recommended.

Even without a direct pool, swaps are still possible. The router automatically finds the optimal route (Multi-hop) through intermediate tokens. For example, TokenA → USDC → TokenB is processed automatically.

Locking $TER generates veTER (vote-escrowed token). With veTER you can vote to decide which pools receive emission rewards, and in return you earn trading fees, incentives (Bribes), and Rebase rewards. Locking is not just earning — it’s deciding the direction of the ecosystem.

veTER is the governance voting token issued when you lock $TER. The more you lock and the longer you lock, the more veTER you receive. veTER is non-transferable and its balance automatically decreases as the lock period elapses.

veTER = Locked $TER × (Remaining Lock Period / Max Lock Period 4yr)

Relay lets you join an existing large lock position — no need to develop your own voting strategy. You get stable rewards through automated management.

Voting decides how much emission reward is allocated to each liquidity pool in the next Epoch. $TER emissions are distributed proportionally to pools based on vote share, and voters receive the trading fees and incentive (Bribe) rewards from those pools.

No. Locked $TER cannot be withdrawn until the selected lock period ends. Choose your lock period carefully. However, you can always extend (Re-lock) your lock period at any time.

When the lock period expires, your $TER becomes withdrawable in liquid form. It’s not automatically sold on the market. You can Re-lock at any time to continue governance participation.

GIWATER does not hold user assets. All transactions execute directly from the user’s wallet in a non-custodial structure, making wallet connection essential.

No. Simply connecting does not trigger any asset movement. Every transaction requires your direct signature to execute.

Before the GIWATER smart contract can use a specific token, it must first receive permission from your wallet. This is the Approve step. It’s a required security process for DEX use and only needs to be done once per token.

A fee paid to the network to process transactions on the blockchain. GIWA Chain (OP Stack L2) has very low gas fees compared to Ethereum mainnet. All on-chain actions — swaps, liquidity provision, lock, vote, reward claiming — charge gas in $GIWA.

IL is an opportunity cost concept — “you might have been better off just holding instead of providing liquidity.” It isn’t finalized until you withdraw, and disappears if prices return to the deposit level. Actual profit/loss must be evaluated together with asset price changes, fees, and emission rewards.

Points measure your protocol contribution within GIWATER — through liquidity provision, swapping, governance participation, etc. At TGE they are exchangeable for $TER according to set rules.

No. Points are non-transferable and not listed on any exchange. They can only be earned through contribution activities within the GIWATER platform.

No. Points never reset — they accumulate permanently across seasons. Season end only serves as a checkpoint for calculating rankings and awarding badges.

1,000,000 points are issued daily and distributed proportionally to users based on contribution. There are three earning paths:

• LP Contribution: After providing liquidity AND completing staking (pair Tier weighting applies)
• Trade Contribution: Based on actual swap fees paid
• Referral Bonus: Minted separately for both referrer and referee

No. Referral bonuses are minted as extra supply — completely separate from the daily 1,000,000 point pool. They have no impact on other users’ points.

Badges are permanent achievement proofs earned through season performance rankings and partnership events. At TGE, badge boost rates are multiplied against your accumulated base points to determine your final points. Every wallet that earns even 1 point in a season is eligible for at minimum a Bronze badge.

At TGE, select a lock-up option from the dashboard and Claim. You can choose instant receipt (liquid $TER) or select a lock-up period to receive veTER. Longer lock-ups earn greater governance rewards over time.

The total supply is fixed at 1,000,000,000 $TER (1 billion), fully pre-minted at TGE. Additional minting is permanently impossible — the Mint function is removed at the smart contract level.

Emissions run for 4 years (208 weeks) total — Phase 0 (Weeks 1–12, price discovery) and Phase 1 (Weeks 13–208, full expansion). From Phase 1, weekly emissions decrease by 1% each week using a geometric decay formula.

At the 3-year mark (Week 156), veTER holders vote to decide the post-emission policy via The Terminal Vote: ① Pure Scarcity (full halt), ② Adaptive Tail Emission (small ongoing emission), or ③ Real Yield & Buy-back. This vote happens 1 year early to provide predictability for LPs and investors.

A mechanism that automatically compensates veTER holders for dilution of their ownership share caused by new weekly emissions. Each week, up to 10% of that week’s emissions (capped at 5% APR annually) is distributed to veTER holders. LP rewards are always guaranteed a minimum of 90%.

GIWATER prevents this with the Laddered Lock structure. The VC allocation (10%) is issued as 4 separate veNFTs at TGE, unlocking gradually at 10%→20%→30%→40% over 1/2/3/4 years respectively. Large-scale dumping is structurally prevented.

A function to create a new liquidity pool (swap pair) on GIWATER. It’s not a token sale — it’s opening a new liquidity market on the DEX. Once a Launch Pool is created, swaps and liquidity provision for that pair become possible.

Incentives can only be set on already-created liquidity pools. Pool creation opens the market; setting incentives is the strategy to grow it. You must always follow the order: Create Launch Pool → Set Incentives.

Incentives (Bribes) go to veTER holders who voted for the pool — not to LPs directly. The more voters attracted, the higher the pool’s emission allocation, which ultimately brings more emission rewards to LPs as well.

No. Once set, incentives cannot be recalled and will be automatically distributed to voters starting from the next Epoch. Decide amounts carefully before setting.

No. Incentives are managed on a per-Epoch (1 week) basis. Each Epoch you can choose to maintain / increase / decrease / stop. Regular review and adjustment is recommended for sustained liquidity.

Most projects start by concentrating incentives on the main pair (TOKEN / USDC).