> For the complete documentation index, see [llms.txt](https://mmfinance.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://mmfinance.gitbook.io/docs/products/exchange/token-swaps.md).

# Token Swaps

Token swaps on MM Finance are a simple way to trade tokens for another via automated liquidity pools. Swap any crypto tokens, and you will get $MMF rewards on every trade.

When you make a token swap (trade) on the exchange, you will pay a **0.17% trading fee**, which is broken down as follows:

**0.10%** - Returned to liquidity pools in the form of a fee reward for liquidity providers.

**0.05%** - Buyback of $MMF to hold as Protocol Owned Liquidity (POL)

**0.02%** - MM Finance Treasury for platform maintenance and daily operations