Ubeswap
Ubeswap
The native decentralized exchange on Celo — swap tokens, earn yield, and govern a protocol that belongs to its users.
Open AppCelo was designed for mobile-first finance. Ubeswap builds on that foundation. You get real DeFi — no middlemen, no custodians — right from a phone.
Most DEXs treat Celo as an afterthought. The Ubeswap platform launched on Celo mainnet in 2021 and has never run on any other chain — every design decision targets Celo's low-fee, mobile-optimized environment.
Every swap generates a 0.3% fee. That fee goes to liquidity providers, not to a company. If you deposit into the CELO/USDC pool, you collect a slice of every trade that passes through it — automatically, every block.
Connect MetaMask or Valora and trade directly from your wallet. Ubeswap's protocol never holds your funds. A bug in a centralized exchange can wipe your balance; here, only you control withdrawals.
Protocol changes go through on-chain voting. Hold UBE tokens and you vote on fee tiers, new incentivized pairs, and contract upgrades. The team behind Ubeswap cannot ship a breaking change without a governance majority.
Automated market makers replaced order books years ago. Ubeswap's AMM model — inspired by the constant-product formula — keeps things simple. Here's the flow from your wallet to a completed trade.
Open MetaMask or Valora, switch to the Celo network (chain ID 42220), and visit the swap interface. The app reads your token balances instantly.
Select the token you have and the token you want. The protocol searches all 224+ liquidity pools — including routes through cUSD, CELO, and wrapped assets like WETH — for the best price.
A slippage tolerance (default 0.5%) protects you from price movement between submission and settlement. Confirm in your wallet; the transaction settles in roughly 5 seconds on Celo.
Deposit equal-value amounts of two tokens into a pool and start earning 0.3% on every swap. Your position is represented by ERC-20 LP tokens — compatible with the ERC-20 standard and composable with other protocols like Aave.
Selected pools receive additional UBE emissions. Stake your LP tokens in the Earn section to accumulate UBE rewards on top of trading fees.
Swapping a token that lacks a direct pair? The router hops through intermediate pools — say, tokenA → CELO → cUSD → tokenB — to find a price better than any single pool offers.
Active liquidity providers in priority pools earn UBE emissions on top of trading fees. The rate per pool is set by governance every two weeks, so rewards go where liquidity is most needed.
New Celo projects can raise initial liquidity through Ubestarter without leaving the Ubeswap platform. Early supporters get token allocations in exchange for providing liquidity at launch.
Every UBE holder can create or vote on proposals. Quorum and execution timelines are enforced by the Governor contract — no multisig shortcut, no admin key.
The interface flags swaps where price impact exceeds 1% and blocks confirmation when impact is above 15%. Small wallets rarely hit these thresholds; large orders get clear warnings before you submit.
Connect via MetaMask, Valora, WalletConnect, or Coinbase Wallet. The Ubeswap platform supports any wallet that can sign Celo transactions — no special browser extension required for mobile users.
All smart contracts are verified on Celo Explorer. The factory, router, and farm contracts are forks of audited Uniswap v2 code, with modifications reviewed before mainnet deployment. Check the public repository any time.
Raw metrics. No marketing rounding. These figures come from on-chain data and are updated periodically. Curious about methodology? Visit our help page.
Ubeswap is a decentralized exchange protocol built natively on the Celo blockchain. It lets you swap tokens, provide liquidity, and earn yield without any central intermediary. Think of it as a vending machine for token trades — you put tokens in one side and get tokens out the other, with a price set by a mathematical formula rather than a human market maker. The protocol has been live since early 2021.
Connect a compatible wallet — MetaMask or Valora work well — to the Celo network, then open the swap interface at the home page. Select the token you have, the token you want, and confirm. That's really it. Gas fees on Celo are typically under one cent, so small trades are practical in a way they often aren't on Ethereum mainnet.
Ubeswap's protocol contracts are based on Uniswap v2, one of the most audited codebases in DeFi. The team behind Ubeswap has published all contract addresses and source code publicly. That said, no smart contract is risk-free. Always check our help documentation and do your own research before depositing significant capital.
Yes, absolutely. There is no minimum deposit. Even a $10 position in a liquidity pool earns its proportional share of the 0.3% fee on every swap routed through that pool. The yield compounds automatically as fees accumulate in your LP token balance. Smaller pools with active trading volume sometimes outperform larger ones on a percentage basis.
You never hand over your private keys. Centralized exchanges hold your assets on your behalf — and occasionally lose them. On the Ubeswap platform, your wallet is the only custody layer. Trades settle in seconds, there's no withdrawal queue, and there's no account that can be frozen. If self-custody sounds complex, start with our step-by-step guide.
UBE is the governance token. Hold it and you can vote on protocol changes — new incentivized pools, fee adjustments, contract upgrades. UBE is also distributed as a liquidity mining reward, so active LPs earn governance power alongside trading fees. Total supply is capped at 200 million UBE.
Go to the Pool tab, pick a pair, deposit equal dollar values of both tokens. You receive LP tokens back — standard ERC-20 tokens that represent your share of the pool. Every swap in that pool generates a 0.3% fee split among all LPs by share size. If the pool also has UBE farming, stake your LP tokens in the Earn section to collect bonus UBE on top. Our team page has more context on how incentives are structured.