# Exchange

We are an Automated Market Maker (AMM), and the Exchange is at the heart of PHC Finance.

### <mark style="color:blue;">Token Swaps</mark> <a href="#token-swaps" id="token-swaps"></a>

PHC Finance lets users trade without the need to go through a Centralized Exchange. Everything you do on PHC Finance is routed directly through your own wallet—no need to trust someone else with your coins!

### <mark style="color:blue;">Liquidity Pools</mark> <a href="#liquidity-pools" id="liquidity-pools"></a>

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

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.

You get to stake your LP Tokens are our farm to earn $PHCF!
