Garudaswap Review 2026: A BNB Chain AMM With Farming Pools

Garudaswap is a decentralized exchange on BNB Chain. It offers token swaps through an automated market maker and yield farming and staking pools that pay rewards to depositors. The project's own marketing describes it as a permissionless exchange with a range of pools, including stablecoin pools with high advertised yields.

The product list shown in public reporting also includes a perpetuals trading product with an on-chain order book and a vault product, both marked as coming soon. Those features were not yet live in the sources reviewed, so they cannot be judged on performance or risk.

Garudaswap appears in public reporting alongside other projects that share a launchpad and farming setup, and some results date back to 2021. That history suggests the project has been around for several years, but it does not show current trading volume or user numbers, and those figures are not published in the material available here.

Garudaswap is an automated market maker, which is a type of decentralized exchange. Instead of matching buyers and sellers, it holds pools of two or more tokens. The price of each token is set by the ratio of the tokens in the pool, and a trade changes that ratio. Traders pay a fee on each swap, and that fee is shared with the people who supplied the liquidity.

Liquidity providers deposit a pair of tokens into a pool and receive a share of the trading fees. Garudaswap also runs farming and staking pools, where depositors can earn additional rewards, often paid in a project token. These rewards are what the project advertises as high yields, and they depend on how much is deposited and how the rewards are set.

The project also lists perpetual futures and a vault product as planned features. Perpetuals let traders take leveraged long or short positions without an expiry date, and they require collateral that can be liquidated if the position loses value. These products are described as coming soon, so their mechanics cannot be assessed from use yet.

Garudaswap does not publish a fee schedule in the material this review could find. Automated market maker swaps typically charge a fee on each trade, and yield pools may take a performance or withdrawal fee, but the exact rates for Garudaswap are not stated. Network gas fees on BNB Chain apply to every transaction. Users should read the fee information on the official site before trading.

Garudaswap does not publish an audit report or a public security record in the material this review could find. Smart-contract risk is the main concern: pools hold user funds in code, and a bug or exploit can result in losses that cannot be reversed. Custody is non-custodial in the sense that users keep their keys, but pool contracts control deposited tokens while they are staked.

Counterparty risk is also relevant for the perpetuals and vault products once they launch, because collateral and positions depend on the project's contracts and liquidation logic. Regulatory status is not described in the sources reviewed, and the project does not publish a licence. Users should check whether using decentralized trading is legal where they live.

No incident history for Garudaswap appeared in the sources reviewed. The absence of a reported incident does not mean the contracts are safe, and users should treat every pool as carrying risk.

Garudaswap is most relevant to experienced DeFi users who already hold BNB Chain assets and want to swap tokens or provide liquidity on a smaller exchange. It is less suited to first-time users, who should start with a small amount and learn how impermanent loss and pool rewards work first.