# Welcome to Swapr

## About

Swapr is the first automated market maker (AMM) to allow for adjustable swap fees through governance and has been organically developed within the DXdao community. Swapr is available to be used across Mainnet, xDai and now in Arbitrum.

## SWPR — The Swapr Governance Token <a href="#id-2924" id="id-2924"></a>

The Swapr protocol will be governed by SWPR token holders through the ERC20 Guild Structure, where tokens are locked for voting. Voting weight is directly proportional to the number of tokens locked in the governance contract. SWPR token holders can use their voting power to:

* Adjust and govern the protocol fee
* Manage the Swapr Guild Treasury
* Allocate liquidity mining rewards to targeted pools
* Deploy the Swapr Guild and the Swapr protocol to additional networks
* Adjust the base pairs that trades are routed through
* Improve the Swapr protocol and Swapr dApp

Swapr was developed and is currently governed by DXdao. The SWPR token is the first step toward fractionalization in governance and establishing sovereignty for Swapr. The bootstrapping and liquidity mining phases will create a wider distribution of SWPR to community stakeholders and further its decentralization.

## Fee Structure

Swapr’s fee structure will direct protocol fees to those who stake SWPR in the governance contract. Funds are automatically split and can be allocated to either the Swapr Treasury or the SWPR fee share, managed by Swapr Governance. In the initial proposed model, all protocol fees will be sent to a smart contract where it will be divided:

* 70% to the Swapr Treasury;
* 30% to the SWPR Fee Share.
