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FAQ
Frequently Asked Questions
ToadSwap is a decentralized exchange that stands out from the competition with its direct integration to existing liquidity pools, innovative features prioritizing safety and efficiency, such as ethless swaps, auto slippage adjustment, and MEV protection, providing a better trading experience for users.
ToadSwap implements various measures to prevent exploitation and has redundancy to enhance its safety. The platform's keys are stored in AWS Key Management Service, the most trusted key storage service globally. Additionally, ToadSwap has undergone two audits of its token and swap via InterFi, ensuring its security and reliability.
ToadSwap offers a unique advantage of lower gas fees due to our seamless integration with WETH. While a small fee is applied to the gas fee savings, it enables the sustainable growth of our project while providing users with cost-effective trading. In addition, holders enjoy feeless rugpull protection and candle swaps, enhancing their trading experience with added security and flexibility.
ToadSwap collects fees on trades which are utilized for liquidity injections and buy back burns of $toad, development, and referral payouts. This fee structure aims to improve the price and volatility of $toad, benefiting its holders. As the platform grows, fees may be adjusted to further accelerate ToadSwap's adoption.
ToadSwap aims to become the top decentralized exchange for safe, efficient, and user-friendly trading. The team plans to improve the platform continuously with new features and integrations to meet the evolving needs of the DeFi community. Also, ToadSwap aims to expand beyond Ethereum to support cross-chain swaps and contribute to DeFi's growth by providing a reliable and accessible platform.
Yes, ToadSwap was audited alongside $Toad.
This audit was done via a reputable company within the DeFi space, Interfi.
https://github.com/interfinetwork/project-delivery-data/blob/main/LuckyToad/LuckyToad_AuditReport_InterFi.pdf
ETH is always wrapped regardless of the token you're trading with. Ethereum itself is unable to function on its own layer 2, which led to the creation of Wrapped Ethereum (WETH). WETH maintains a 1:1 ratio with Ethereum but enables interaction on Ethereum's layer 2. Consequently, on decentralized exchanges (DEXs), you won't find an ETH/Token pool; instead, you'll come across WETH/Token or Token/Token pairs. As ToadSwap also operates on layer 2, we leverage the remarkable capabilities of WETH to provide you with a feature-rich trading experience.
ToadSwap calculates output differently than other decentralized exchanges, ensuring users receive accurate information about the tokens they will receive. The platform uses a calculation that subtracts taxes, price action, and gas from the total number of tokens to be exchanged. Because gas is built into your transaction, we show you the true cost of token exchanges rather than adding on external fees. This results in a more transparent and predictable output for users, unlike other platforms that may surprise users with unexpected token amounts and costs after the transaction has been submitted.
ToadSwap offers Ethless trading for approved tokens, which allows you to trade without requiring Ethereum gas upfront. Where it is instead taken out of your selling token. Our platform has integrated with Uniswap Permit2, allowing us to bring approvals over from Uniswap to ToadSwap, ensuring a seamless trading experience.
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ToadSwap's True Auto Slippage adjusts the slippage tolerance for trades based on taxes and price fluctuations. This ensures users get the best price possible while avoiding exploitation by other traders.
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Frontrunning is a practice where traders use their knowledge of pending transactions, mem to exploit other traders by buying or selling ahead of them to manipulate the market in their favor. ToadSwap protects users from frontrunning by using Flashbots, a secure, decentralized system that allows miners to accept and execute trades without revealing them to the public until they are finalized, preventing frontrunners from taking advantage of the system.
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To prevent transaction fees from being charged on failed transactions, ToadSwap processes transactions directly to the blockchain only if they are confirmed to go through. This is achieved by bypassing the normal process of submitting transactions to be processed by validators and instead processing them directly through ToadSwap. This ensures that only successful transactions are submitted to the blockchain, thus preventing the waste of gas fees on failed transactions.
ToadSwap offers multiple tiers of payable gas to provide users with greater control over the speed and cost of their transactions.
Slow: 112.5% of base gwei + 1.5 gwei priority fee
Medium(default): 125% of base gwei + 2 gwei priority fee
Fast: 137.5% of base gwei + 2.5 gwei priority fee
ToadSwap offers multiple tiers of auto-slippage settings. Slippage protects assets but can cause failures if too low. For tokens with highly volatile prices and high trading volume, use aggressive slippage.
Base slippage = tax + price action.
Passive: base + 3%
Aggressive: base + 15%
Launch: 99% Slippage
Slippage on ToadSwap is only used as needed, and because transactions don't interact with the mempool, there's no need to worry about potential MEV exploitation.
You can currently purchase LuckyToadv3 on ToadSwap, or on Uniswap.
Swap.LuckyToad.dev
App.Uniswap.Org
CA: 0xbfb2b6870501a6ff17121d676a0a45a38c9eed1e
ToadSwap has gone through several iterations and improvements since its initial launch of LuckyToad on September 5th, 2022. After discovering minor bugs with trading, ToadSwap quickly relaunched the token within an hour. All v1 buyers were airdropped their appropriate token amounts in v2.
On October 27th, ToadSwap decided to relaunch LuckyToad with some major contract optimizations and upgrades. They significantly lowered the gas required when selling and adjusted the way they distributed jackpots, which were initially run on the contract. As well included the 2 pools to liquidate buy taxes on the buy transaction. As a result, v2 holders were airdropped their equivalent dollar amount of tokens, and ToadSwap lowered the supply from 1 quadrillion down to 1 billion.
V1 Contract: 0x974870aa890c5ea6612529e7ce59a08de8bc32da
V2 Contract: 0x46a7262a2198300fd8f75fcc66040f05a034445d
V3 Contract: 0xbfb2b6870501a6ff17121d676a0a45a38c9eed1e
V1 to V2 Airdrop: https://etherscan.io/tx/0x0498ddd7a44745ec0d2fa09d4030fcb7fe9230619a8cf862c2d2b83992953100
V2 to V3 Airdrop: https://etherscan.io/tx/0x8a6c1ea9126288f4527579934f00ae036109ab920b161b88fc7c334f4b6b52f7
Yes, LuckyToadv3 was audited alongside ToadSwap.
This audit was done via a reputable company within the DeFi space, Interfi.
https://github.com/interfinetwork/project-delivery-data/blob/main/LuckyToad/LuckyToad_AuditReport_InterFi.pdf
No, staking for $Toad was disabled on April 1st, 2023.
Holders who staked their tokens before April 1st, will continue to earn a 30% apr until their unlock date.
There are plans to reintroduce another staking model in the future.
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ToadSwap temporarily paused its Jackpot Reflections on April 1st, 2023, following its first DAO proposal.
The concept was unique and different from normal reflections, as the entire sum of the taxed reflections was given to one lucky holder instead of being pooled up and distributing pennies to each holder.
The lucky holder received the entire 8% of the sell transaction automatically in ETH. Plans are in place to turn them back on in the future when it is more sustainable.
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No, renouncing is something we have not done, and will never plan on doing.
Renouncing is something meme coins do to help build credibility. If you renounce, you get locked into the past. You can't change with the future. You can't change with growth.
Everything that is changeable on the current contract
-Buy tax % (capped at 20%) and ratios of that split between wallets/the wallets it goes to -Sell tax % (capped at 20%) which is sent to our built-in MEV bot for distribution
-Transfer tax % (capped at 20%)
-Who can access tokens stuck in the contract and recovery for those
-What amount of eth triggers a send from the contract after a tax sell
-Can re-enable one transfer per account per block
-Can add LP pair addresses to monitor for tax charging
LuckyToad's two liquidity pools enable the prevention of tax dumps by allowing the liquidation of buy taxes on the buy transaction. Unlike other projects that pool buy taxes and dump them on the first sale, LuckyToad ensures that the project only collects the buy tax it is truly entitled to.
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Last modified 10d ago