# Decentralized Exchange

The Ripple Chain owned DEX is the newest iteration of the familiar swap Uniswap, with additional and beneficial features for traders and token developers planning to operate on Ripple Chain.

Liquidity providers are given liquidity pool tokens (XRP LPs) that represent their share of each pool created. Developers/Liquidity Providers also have the ability to stake their XRP LP tokens to farm XRPChain as rewards.

The DEX also offers developers a built-in arbitrage bot, which helps manage price discrepancies between their LPs on the Ripple Chain and Ethereum or another network of choice. This ensures the developer and token holders are receiving maximum benefits between the split liquidity pools.
