# Swap

MiaSwap is an Automated Market Maker (AMM). MiaSwap lets users trade without the need to go through a Centralized Exchange. Everything you do on MiaSwap is routed directly through your own wallet — no need to trust someone else with your coins!

Swap on MiaSwap is a quick and easy way to exchange a token for another using automated liquidity pools.

<figure><img src="/files/qA2MZ3rLsUxfh80CNdK6" alt=""><figcaption></figcaption></figure>

When you swap (trade) on the exchange, you will be charged a 0.25% trading fee, which is divided as follows:

**0.05%** - returned to Liquidity Pools as fee rewards for liquidity providers

**0.05%** - added to [The USDO Collateral](https://usdo.finance/)

**0.12%** - used to buy back and burn the MIA token

**0.03%** - goes to Treasury


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