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FaroSwap Review 2026: Pharos AMM and PMM DEX

FaroSwap is a Pharos-based DEX that describes itself as combining AMM and PMM trading. It offers swaps and liquidity provision, but its fees, audits, and supported markets are not clearly documented.

Pharos

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

4.5/10

Weak

Visit FaroSwap

Our verdict on FaroSwap

4.5/10

FaroSwap is for users already active on Pharos who want a local venue for token swaps or liquidity provision. Its main strength is the combination of AMM and PMM trading alongside pools on the network. The main caveat is the lack of published detail: fees, supported markets, pool terms, and audits are unclear. That makes it hard to compare costs or assess security. Check the app’s current terms and only use funds you can afford to risk.

Score breakdown

How FaroSwap scores

Security: 2.0/10
Ease of use: 5.0/10
Fees: n/a
Features: 5.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is FaroSwap?

FaroSwap is a decentralized exchange on Pharos. The project describes its design as combining AMM and PMM mechanisms, and offers token swaps and liquidity provision. It positions the DEX around RWA-Fi, but does not identify specific real-world-asset tokens or markets in its published description.

FaroSwap may interest Pharos users looking to trade or provide liquidity on that network. Key details remain unclear: the project does not publish a fee schedule, a complete list of markets, or audit information. Users should check the app’s displayed terms and consider smart-contract and liquidity risks before using it.

How FaroSwap works

FaroSwap is a decentralized exchange on Pharos. It describes its design as a native AMM and PMM DEX. In a typical AMM, trades use token pools and prices shift as trades change the balance of those pools; a PMM uses a market-making approach to set prices and manage available liquidity. FaroSwap has not published enough technical detail to explain its specific implementation or how these mechanisms work together.

The project offers token swaps and lets users add liquidity. Liquidity providers deposit assets into pools so traders can swap against them, but pool returns and risks depend on the assets, pool design, and trading activity. FaroSwap does not publish a full market list, pool terms, or fee schedule, so check the app before trading or depositing.

4 features

Key features

AMM and PMM trading

FaroSwap describes its exchange as using both automated market maker and proactive market maker mechanisms. It does not publish a detailed explanation of how the two models are combined.

Token swaps

Users can swap tokens through the Pharos-based exchange. The project does not publish a complete list of supported assets or markets.

Liquidity provision

FaroSwap supports adding liquidity to pools. Pool-specific terms and the risks for providers should be checked before depositing.

RWA-Fi focus

The project positions itself around RWA-Fi, but it does not publish details identifying specific real-world-asset tokens or markets available through FaroSwap.

Pros and cons

What we like

Offers both token swaps and liquidity provision on Pharos.
Describes an AMM and PMM model rather than presenting itself as a single-mechanism pool exchange.
Its stated RWA-Fi focus may be relevant to users exploring Pharos-based asset markets.

Watch out for

FaroSwap does not publish specific swap fees or liquidity-provider charges.
No audit details are published, and no audits are listed for the project.
Details about supported trading pairs, pool depth, and the PMM design are not published.
The project’s stated RWA-Fi focus does not come with published details about which real-world-asset tokens are available.

FaroSwap fees

FaroSwap has not published its swap fees or liquidity-provider charges. Check the app for any fee and transaction-cost details before confirming a trade or adding liquidity; Pharos network costs may also apply.

Is FaroSwap safe?

No audit details are published for FaroSwap, and no audits are listed for the project. The exchange’s contract design and security track record are therefore difficult to assess; users face the usual smart-contract, token, and liquidity risks of a DEX. The project does not publish detailed pool terms or a complete list of supported markets. FaroSwap’s licensing status is not stated.

5 steps

How to get started with FaroSwap

1
Open FaroSwap and check that you are using its official app.
2
Connect a wallet that supports Pharos, if prompted.
3
Confirm that your wallet is set to the Pharos network.
4
For a swap, choose the tokens and amount, then review the quoted output and any displayed charges.
5
For liquidity provision, review the pool details and risks before approving tokens and confirming the deposit.

Open FaroSwap

Who FaroSwap is for

FaroSwap may suit Pharos users seeking a DEX for swaps or liquidity provision, especially those interested in the project’s stated RWA-Fi focus. It is less suitable for users who need a published fee schedule, detailed pool documentation, or clear audit information before interacting with a protocol.

FaroSwap FAQs

What is FaroSwap?

FaroSwap is a decentralized exchange on Pharos that describes its trading model as a combination of an automated market maker (AMM) and a proactive market maker (PMM). It offers token swaps and liquidity provision.

Which network does FaroSwap use?

FaroSwap runs on Pharos. Make sure your wallet is connected to the correct network before attempting a swap or providing liquidity.

What are FaroSwap’s fees?

FaroSwap has not published its swap fees or charges for liquidity providers. Review any fee details shown in the app before confirming a transaction.

Is FaroSwap audited?

No audit details are published for FaroSwap, and no audits are listed for the project. Treat smart-contract and liquidity risks accordingly, and check for current security information before using it.

Can I provide liquidity on FaroSwap?

FaroSwap offers liquidity provision, but it does not publish detailed pool terms here. As with other DEX liquidity pools, providers can face impermanent loss and smart-contract risk.

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