# Exchange ![](/files/uC4EnUOM2g3YBG9rbSFf) Oboswap is an Automated Market Maker (AMM), and the Exchange is at the heart of Oboswap. Oboswap is the leading AMM on the Binance Smart Chain, Ethereum and Polygon and as statistics tell, the most popular Decentralized Exchange (DEX) ever! The Oboswap Exchange offers several features that support decentralized trading: ### Swapping/Trading Oboswap lets users trade without the need to go through a Centralized Exchange. Everything you do on Oboswap is routed directly through your own wallet—no need to trust someone else with your coins! ### Liquidity Pools You can only swap tokens on Oboswap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so. Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use. ### Yield Farming Yield farming lets users that are providing liquidity earn OBOS rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of [impermanent loss](https://academy.binance.com/en/articles/impermanent-loss-explained) that comes along with locking in your liquidity. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://oboswap.gitbook.io/oboswap/exchange.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.