> For the complete documentation index, see [llms.txt](https://pangeaswap.gitbook.io/pangeaswap/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pangeaswap.gitbook.io/pangeaswap/en/protocol-overview.md).

# Protocol Overview

## Participants

![](/files/a8OLTuVoxfqVjNboq7Up)

### Traders

* Traders swap tokens using the liquidity pool provided by Pangea Swap’s liquidity providers (LPs.)
* For token swaps, a swap trading fee(may vary depending on token pairs) is levied. The fee is distributed to LPs and the stakers who have voted.

### Liquidity Providers

* LPs deposit token pairs in liquidity pools and receive a part of the swap fee paid by traders as interest.
* LPs may expect higher interest if they choose to provide liquidity in a concentrated price range by providing concentrated liquidity.
* When adding liquidity to whitelisted pools, LPs may receive additional STONE rewards by staking LP tokens to the Gauge.

### Governance Participants

* Participate in Pangea Swap governance through DAO