V2 Swap
Last updated
Last updated
Trading on a Decentralized AMM Exchange offers a unique experience distinct from traditional, centralized cryptocurrency exchanges. In a DEX environment, traders engage in direct peer-to-peer transactions without the need for an intermediary, enhancing privacy and control over their assets. To start, a user must first set up a digital wallet compatible with the DEX, such as MetaMask. They then deposit cryptocurrencies into this wallet to prepare for trading. The process involves connecting the wallet to the DEX, selecting the desired trading pairs, and executing trades, which can be done through market (swaps).
The Dynamic V2 AMM follows the UniV2 constant formula, keeping an automated ratio of 50/50 tokens in a Liquidity Pool whereas Liquidity Book lets Liquidity Providers choose and manage any ratio of tokens inside a Liquidity Pool.
Stable V2 AMM are used for correlated assets, and will try to maintain a 1:1 transfer ratio as much as possible. The formula is based on the well-known Solidly curve.
Go to the Trade page and click the drop down to open the Token List.
Search for the tokens or inscription assets you want to swap out of, you can either enter a contract address or type in a token. Select once you have found your token.
Select the token you want to swap into by either clicking one of the quick pick token logos or selecting the token list and searching / picking a token from there. Enter the amount of tokens you want to swap.
Press 'Swap'. You should now be able to have a final review of your trade summary. Once you hit 'Confirm Swap', you'll need to verify this transaction in your wallet.
Your swap will engage and execute within seconds.🎉 You may need to refresh your browser UI to see the balances update.
Price Impact is the change in a token price that is directly caused by your trade and reflects how much total liquidity is held within the Liquidity Pool that you are trading. Price Impact is directly correlated with Liquidity in a Liquidity Pool, the more Liquidity held, the lower your Price Impact may be and vice versa.
Price Slippage is the change in token price between the expected price and the executed price that you receive. Slippage is therefore the change from what you expected to receive to what you actually received when executing a Swap.
You can adjust your Slippage settings to reduce the % of Slippage during Trades. If a Trade experiences Slippage that is higher than your Slippage Settings, the Trade will revert and cancel.
If you set a high slippage: Your transaction may be frontrun and result in an unfavourable trade.
If you set a low slippage: Your transaction may fail.
Trading fees might occur and will be deducted from your trades and sent to Liquidity Providers
The Trading Route is what AMM users to execute your trades. The AMM will always execute the most optimal path for your swap to complete.
