> ## Documentation Index
> Fetch the complete documentation index at: https://docs.airway.fi/llms.txt
> Use this file to discover all available pages before exploring further.

# Trade Synthetic RWAs on DEX and CEX

> Buy and sell sRWA tokens on any ERC-20-compatible exchange. Uniswap V4 concentrated liquidity keeps prices stable and markets deep from day one.

Synthetic RWA tokens on Airway are standard ERC-20 tokens, which means they are immediately tradeable on any exchange or protocol that supports ERC-20 assets — no special integration or bridging required. Every sRWA product is deployed with a dedicated concentrated liquidity rewards system on Uniswap V4 that incentivizes liquidity providers to maintain deep, stable markets around the asset's pegged value. Whether you prefer the privacy of a DEX or the liquidity of a CEX, your sRWA tokens are ready to trade as soon as they are minted.

<Note>
  Synthetic RWAs are market-ready the instant they are created and minted. There is no waiting period, listing process, or bootstrapping phase before you can trade.
</Note>

<Steps>
  <Step title="Acquire synthetic RWA tokens">
    You can obtain sRWA tokens in two ways:

    * **Mint on Airway** — deposit collateral and receive tokens directly in your wallet. See the [Mint guide](/guides/mint) for step-by-step instructions.
    * **Buy on an exchange** — purchase existing sRWA tokens from a DEX or CEX that lists the asset. Because sRWAs are ERC-20 tokens, they appear in any exchange's standard token list once sufficient liquidity exists.
  </Step>

  <Step title="Choose your trading platform">
    Select the platform that best fits your needs:

    * **Decentralized exchanges (DEXs)** — trade directly from your wallet with full custody of your assets. Uniswap V4 is the primary DEX for sRWA pairs and offers the deepest liquidity thanks to Airway's LP rewards system.
    * **Centralized exchanges (CEXs)** — use a CEX for higher-volume trades or if you prefer a traditional order-book experience. Any CEX that supports ERC-20 tokens can list sRWA assets.

    <Tip>
      For most sRWA pairs, Uniswap V4 offers the tightest spreads due to the concentrated liquidity incentives built into every Airway product deployment.
    </Tip>
  </Step>

  <Step title="Trade using Uniswap V4 concentrated liquidity">
    When trading on Uniswap V4, your swap is routed through the concentrated liquidity pool associated with that sRWA product. Liquidity providers are incentivized by Airway's rewards system to keep liquidity tightly concentrated around the asset's pegged price, which means:

    * Lower price impact for your trades
    * Tighter bid-ask spreads
    * Reduced slippage even for larger order sizes

    Connect your wallet, select the sRWA pair, enter your trade size, and confirm. Uniswap V4 handles execution; Airway's LP rewards system handles the ongoing liquidity incentives in the background.
  </Step>
</Steps>

## Key trading features

<CardGroup cols={2}>
  <Card title="ERC-20 compatibility" icon="circle-check">
    sRWA tokens work with any wallet, DEX, CEX, or DeFi protocol that supports ERC-20. No custom integration is required.
  </Card>

  <Card title="DEX and CEX support" icon="arrow-right-arrow-left">
    Choose between decentralized and centralized platforms. Both trading modes are available from day one.
  </Card>

  <Card title="Concentrated liquidity" icon="chart-line">
    Uniswap V4's concentrated liquidity model keeps prices close to peg and reduces volatility for all traders.
  </Card>

  <Card title="Immediate market readiness" icon="bolt">
    sRWAs are tradeable the moment they are minted. No manual listing or liquidity bootstrapping is required.
  </Card>
</CardGroup>

<CardGroup cols={2}>
  <Card title="Mint sRWA tokens" icon="coins" href="/guides/mint">
    Create sRWA tokens by depositing collateral on Airway.
  </Card>

  <Card title="Stake sRWA tokens" icon="piggy-bank" href="/guides/stake">
    Earn yield by staking your tokens or providing LP liquidity.
  </Card>
</CardGroup>