Ubeswap
Ubeswap
Celo's native decentralized trading protocol — swap tokens, grow your yield, and help govern a platform that truly belongs to its community.
Open AppCelo was built for mobile-first financial access. Ubeswap takes that foundation further. You get genuine DeFi — no intermediaries, no custodians — straight from your phone.
Most DEXs treat Celo as a secondary concern. The Ubeswap platform launched on Celo mainnet in 2021 and has operated solely on this chain — every design choice targets Celo's low-fee, mobile-first environment.
Every swap generates a 0.3% fee. That fee flows to liquidity providers, not to any company. Deposit into the CELO/USDC pool and you capture a portion of every trade passing through it — automatically, every block.
Connect MetaMask or Valora and trade straight from your own wallet. The Ubeswap protocol never takes custody of your assets. A centralized exchange failure can wipe your balance overnight; here, only you control withdrawals.
Protocol changes go through on-chain voting. Hold UBE tokens and you vote on fee structures, newly incentivized pairs, and contract upgrades. The team behind Ubeswap cannot push a breaking change without a governance majority behind it.
Automated market makers replaced traditional order books years ago. Ubeswap's AMM model — inspired by the constant-product formula — keeps the process straightforward. Here's the full flow from your wallet to a completed trade.
Open MetaMask or Valora, switch to the Celo network (chain ID 42220), and visit the swap interface. The app loads your token balances right away.
Select the token you hold and the token you want. The protocol scans all 224+ liquidity pools — including routes through cUSD, CELO, and wrapped assets like WETH — to find you the best available price.
A slippage tolerance (default 0.5%) shields you from price movement between submission and settlement. Approve in your wallet; the transaction finalizes in roughly 5 seconds on Celo.
Deposit equal-value amounts of two tokens into a pool and begin earning 0.3% on every swap routed through it. Your position is represented by ERC-20 LP tokens — fully compatible with the ERC-20 standard and composable with other protocols like Aave.
Selected pools receive additional UBE emissions. Stake your LP tokens in the Earn section to accumulate UBE rewards on top of your trading fee income.
Need to swap a token that has no direct pair? The router hops through intermediate pools — for example, tokenA → CELO → cUSD → tokenB — to deliver a rate better than any single pool could offer.
Active liquidity providers in priority pools earn UBE emissions on top of regular trading fees. Reward rates per pool are determined by governance on a bi-weekly basis, directing incentives where liquidity is needed most.
Emerging Celo projects can bootstrap initial liquidity through Ubestarter without leaving the Ubeswap platform. Early backers receive token allocations in return for contributing liquidity at launch.
Any UBE holder can submit or vote on proposals. Quorum requirements and execution timelines are enforced by the Governor contract — no multisig shortcuts, no admin backdoor.
The interface warns you when price impact exceeds 1% and blocks confirmation if impact surpasses 15%. Most small wallets never hit these thresholds; larger orders receive clear warnings before submission.
Connect via MetaMask, Valora, WalletConnect, or Coinbase Wallet. The Ubeswap platform works with any wallet capable of signing Celo transactions — no special browser extension needed for mobile users.
Every smart contract is verified on Celo Explorer. The factory, router, and farm contracts are forks of audited Uniswap v2 code, with all modifications reviewed before mainnet deployment. Browse the public repository anytime.
Real metrics. No marketing embellishment. These figures are sourced from on-chain data and refreshed periodically. Want to understand the methodology? Visit our help page.
Ubeswap is a decentralized exchange protocol built natively on the Celo blockchain. It allows you to swap tokens, supply liquidity, and earn yield with no central intermediary involved. Think of it as an automated token-trading machine — you feed tokens in on one side and receive tokens on the other, with pricing determined by a mathematical formula rather than a human market maker. The protocol has been live since early 2021.
Link a compatible wallet — MetaMask or Valora are both excellent choices — to the Celo network, then open the swap interface at the home page. Choose the token you have, the token you want, and confirm. That's all there is to it. Gas fees on Celo typically run under one cent, making small trades viable in a way that's rarely practical on Ethereum mainnet.
Ubeswap's protocol contracts are derived from Uniswap v2, among the most thoroughly audited codebases in all of DeFi. The team behind Ubeswap has published every contract address and its source code publicly. That said, no smart contract is entirely risk-free. Review our help documentation and conduct your own research before committing significant capital.
Absolutely. There is no minimum deposit requirement. Even a $10 position in a liquidity pool earns its proportional share of the 0.3% fee on every swap routed through that pool. Fees compound automatically as they accumulate within your LP token balance. Smaller pools with robust trading activity can sometimes outperform larger ones on a percentage basis.
Your private keys stay with you at all times. Centralized exchanges hold your assets on your behalf — and have been known to lose them. On the Ubeswap platform, your wallet is the sole custody layer. Trades settle in seconds, there are no withdrawal queues, and no account can be frozen. If self-custody feels intimidating, start with our step-by-step guide.
UBE is the governance token of the protocol. Hold it and you can vote on protocol changes — new incentivized pools, fee adjustments, contract upgrades. UBE is also distributed as a liquidity mining reward, so active LPs accumulate governance influence alongside their trading fee earnings. Total supply is capped at 200 million UBE.
Head to the Pool tab, select a pair, and deposit equal dollar values of both tokens. You receive LP tokens in return — standard ERC-20 tokens representing your share of the pool. Every swap in that pool produces a 0.3% fee divided among all LPs according to their share size. If the pool also runs UBE farming, stake your LP tokens in the Earn section to collect bonus UBE on top of trading fees. Our team page