Tutorial: 1- Swapping Tokens
Last updated
Last updated
MinMax allows you to swap between a stable pair of assets (e.g. USDC and USDT) with very low slippage and fees.
Let's say you have USDC and you want to swap it for USDT.
On the swapping interface, select the tokens you want to exchange from (USDC) and to (USDT).
Enter a quantity of USDC to swap from.
You can click on a token balance to populate the max amount you can swap.
On this page, it will display a breakdown of the transaction you're about to make:
From is the quantity of the token you currently hold that you want to exchange
Price is the conversion rate between the two tokens you're swapping.
Price Impact is the slippage percentage of the swap. The lower the price impact, the better value you're getting on your swap.
Liquidity Provider Fee is the transaction fee for swaps. This fee is split evenly between rewards to incentivize liquidity providers and reserves for the protocol.
After the click "Swap" Button, there will be Reveiew Swap Popup as below:
Select Confirm Swap. Depending on what wallet you're using, you'll likely be prompted to confirm the transaction via your wallet's interface.
The swap is now complete! You'll see a notification that contains a link to the transaction on IOTEX's explorer as normal transaction.
