# 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="https://3731737078-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRAta4YngkaqCLsihTAQE%2Fuploads%2F42HMQVOGkoVIfv97L6Lj%2F0.png?alt=media&#x26;token=f9711ca0-de01-472f-a0e5-76fd6880a226" 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