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What Is DeFi Swap and How Does It Work?
What Is DeFi Swap and How Does It Work?

This article will provide general information about DeFi Swap function in CoinStats.

Mariam avatar
Written by Mariam
Updated over a week ago

DeFi Swap allows you to make a quick swap of the DeFi coins in your wallets connected to CoinStats at the best available rate.

By means of integrating the 1inch network into CoinStats, which provides the ability to find the best swap paths across multiple liquidity sources, we made it possible to swap DeFi coins directly from your CoinStats app and access the most liquidity and the best swap rates on various chains.

In case when there is a liquidity pool for the same pair, it works by direct conversion and offers the best price. If otherwise, the trades are routed across several liquidity pools.

To start swapping tokens, you can check the detailed tutorial by following this link.

The swap tab can be found on the top menu bar:

Users can swap between any two supported tokens upon paying a small swap fee.

In case of further questions about swapping, please reach us at 🧡

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