FAQs
Find answers to some of the most commonly asked questions from our community.
1. How is Pact different?
Learn more about Pact and how it differs to other protocols and decentralised exchanges (DEXs).
2. What can I trade on Pact?
Pact is permissionless by design and anyone can create a market and provide liquidity to any trading pair. This can comprise of:
Algorand Standard Assets (ASAs), including:
Stablecoins, such as USDC or USDT
"Wrapped" assets that are pegged to the value of another asset, such as goBTC and goETH by Algomint, or gALGO by Folks Finance
ALGO, the native token of the Algorand blockchain
3. Are there any fees involved?
Pact charges trading fees for swaps and fees are clearly disclosed in the user interface. The fees are used incentivise liquidity providers. See Multiple Fee Tiers for more information.
In addition, traders are also charged transaction fees native to the Algorand blockchain.
4. Can tokens be wrapped on Pact?
Pact does not offer any wrapping capabilities. However, Pact can provide liquidity and enable swaps between wrapped assets. For example, gALGO/ALGO or USDC/goUSD.
5. How secure is Pact? Has Pact been audited?
Pact is committed to security and its smart contracts have been audited to the highest standards to provide assurance. Learn more on Security Overview.
6. What capabilities does Pact offer?
Pact offers a secure, user-friendly, lightning-fast and low cost experience for traders powered by the Algorand blockchain. Pact offers features such as Multiple Fee Tiers and StableSwap.
Pact is constantly improving and values community feedback. Please follow us on Twitter or join our Discord and Telegram community.
7. Why did my transaction fail? And what can I do when this happens?
There could be a variety of reasons. Due to the nature of blockchains, there is no ability to revert or amend transactions and you will need to retry the transaction. If the issue persists, please see Diagnosing Common Issues.
8. Why aren't the tokens that I want to trade showing up?
Please ensure that you have connected your wallet successfully and that you have approved the relevant tokens in your wallet.
9. How does an asset become "verified"?
Verified assets can be found on AlgoExplorer: https://algoexplorer.io/assets. The Pact user interface relies on AlgoExplorer for the purposes of displaying verified assets.
10. Are there any withdrawal rules?
Pact is permissionless and you are free to withdraw liquidity whenever you want.
11. How can I report an issue?
Please refer to Diagnosing Common Issues.
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