🔁Swap
Last updated
Last updated
Swaps have a fee structure which distinguishes between stable pairs and other pairs
0.02% on stable pairs like USDT/USDC
0.22% on other pairs like USDT/ALPH
All collected fees each epoch can be claimed by liquidity providers and voters at the end of that epoch disproportionately to their votes (xSWAPA holdings), the amount of LP.
The Swap function takes 3 important variables into account:
Token input
Expected output
Margin
Swapping with a low margin will ensure that the actual output of the swap is close to the expected output. During volatile times, like when a token first launches, a high margin can be beneficial. Outputs that are not within the margin will get rejected and such swaps will fail.
The minimum output is calculated based on the expected output. This will be displayed on the swap page. As will the effect of your swap on the price in %