> For the complete documentation index, see [llms.txt](https://docs.parityswap.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.parityswap.io/getting-started/what-is-parityswap.md).
# What is ParitySwap?
[ParitySwap](https://parityswap.io/) is a decentralized exchange on Robinhood Chain where you can swap tokens and earn fees by providing liquidity — including for tokenized real-world assets like equities and ETFs. It's non-custodial: you trade directly from your own wallet, and no company holds your funds.
ParitySwap is a direct Uniswap fork with no new or modified logic.
### In one sentence
A fair-by-design automated market maker that runs both simple full-range (V2) and capital-efficient concentrated (V3) liquidity pools, built for a chain where real-world assets live on-chain.
### Who it's for
* **Traders** who want transparent pricing and honest routing.
* **Liquidity providers** who want to earn trading fees, passively (V2) or actively (V3).
* **Newcomers from traditional finance** who want familiar assets with clear, plain-language tooling.
### How it's different
* Runs V2 and V3 pools side by side and routes swaps to the best price automatically.
* First-class support for tokenized real-world assets, with an at-par / drift indicator on every RWA.
* Fees flow back to liquidity providers; any protocol fee is transparent and governed on-chain.
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