# SWAP

<figure><img src="/files/m5ZvF0CKvp73ADLRv0A2" alt=""><figcaption></figcaption></figure>

Token swaps are the simplest way to exchange various KIP7 tokens circulated on the Klaytn chain according to ratios of token pairs supplied in the pool.&#x20;

Once users swap (trade) tokens through KLAYswap, the pool usage fees will be determined by the reward policy of each liquidity pool, and the pool usage fee will be distributed as follows.

<table data-header-hidden><thead><tr><th width="271">Pool types</th><th align="center">Composition of fee distribution</th></tr></thead><tbody><tr><td>Pool types</td><td align="center">Composition of fee distribution</td></tr><tr><td><strong>Liquidity Provider (LP)</strong></td><td align="center">80%</td></tr><tr><td><strong>KSP Buyback &#x26; Burn</strong></td><td align="center">10%</td></tr><tr><td><strong>Stakers (vKSP holders)</strong></td><td align="center">10%</td></tr></tbody></table>

&#x20;

* 80% of the pool usage fees incurred in all pools are distributed to liquidity providers in proportion to their respective LP shares.
* 10% of the pool usage fees incurred in all pools are used as funds for KSP Buyback & Burn.&#x20;
* 10% of the pool usage fees incurred in all pools are distributed to stakers (vKSP holders).


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