Swap
Overview of "Swap" Tab
The Swap page serves as a convenient and simplified way to exchange one currency to another by utilizing liquidity pools rather than order books.
(If you wish to place a limit order or market order, that will be done under "Markets")
It shows a simple chart data on the history of the exchange rate of your selected pair, liquidity pool amounts, and volume.
When you first enter this section, by default it will take you to the swap tab. If you wish to add or subtract liquidity, you must click on Pool.
Enter the desired amount to get a quote on the current exchange rate of the tokens you are trying to swap. This quoted amount will fluctuate as it is constantly updating with the new market quote data. (You can swap the top and bottom selected tokens easily by clicking the white down pointing arrow in the middle.)
Remember, this is the same as placing a "market order" so depending on the tokens liquidity and order books, the exchange rate will not be perfect.
For more information on buy and sell orders check Markets.
To see all the tokens you own and have available check Wallet.
Tokens selected - You can select between the individual tokens you want to exchange. The dropdown menu will only show the tokens with available markets paired with the other token selected. If you cannot find the token you are looking to swap to, it's likely that a market for the specific pair does not exist.
Adjust Settings icon - This will allow you to automatically set the amount of slippage you will tolerate. Token pairs with low volume and liquidity will likely have a much higher slippage than token pairs with high volume and high liquidity. For information on slippage check Definitions. You can also set the maximum number of hops.
Additional Quote Information -
Price Impact - The impact that your individual order will have on the price of the token exchange pair. Token pairs with low volume and low liquidity will have a much bigger price impact than token pairs with high volume and liquidity.
Minimum Received after slippage - The minimum amount of token you should received after factoring the current slippage value.
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