> For the complete documentation index, see [llms.txt](https://docs.archerswap.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.archerswap.finance/products-and-features-guide/exchange.md).

# Exchange

## Token Swaps

ArcherSwap lets users trade without the need to go through a Centralized Exchange like Binance. Everything you trade on ArcherSwap is routed directly through your own wallet.

## Liquidity Pools

The ArcherSwap exchange can only operate when there's enough liquidity to support trades; if nobody wanted to sell you CORE for example, then it wouldn't matter how much you wanted to trade for some. 

Providing liquidity will get you LP Tokens and it will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.