Swaps
Swaps are filled at the current market price and liquidity.
Last updated
Swaps are filled at the current market price and liquidity.
Last updated
Spot Swaps enable Squads users to execute swaps in a multisig setup based on the current price and market liquidity.
Any transaction in a multisig is inherently delayed because it needs approval from other Squad members. This delay can result in price changes or expired routes, which can cause the swap to fail.
Go to the "Trading" section from the navigation bar on the left of the Squads app.
Select the “Swap” tab and choose the account from which you want to swap assets.
Select the pair you wish to trade (e.g. SOL for USDC) and the amount.
Configure the slippage tolerance by selecting one of the predefined options or inputting it manually (capped at a maximum of 15%).
Trade prices constantly change. Slippage tolerance is designed to determine the minimum amount of the receivable tokens. If the price of the receivable asset deviates above the slippage tolerance percentage, the transaction will fail to execute. In this case, the user will need to initiate a new swap or wait until the exchange rate comes back to the indicated slippage tolerance range.
Check all the information related to your transaction, including:
Rate: This shows the exchange rate for the selected route.
Slippage: This shows the slippage tolerance percentage.
Price impact: This measures how much the size of the trade is affecting the price.
Minimum received: This is the minimum amount of tokens a user will receive upon transaction execution. It is based on the slippage tolerance.
AMM fees: This is paid to the AMM for routing the swap.
Click the “Next” button. Review your transaction by checking the tokens, amounts, slippage, and rate. Click the “Initiate” button to launch the transaction.
The swap is completed once the transaction reaches the confirmation threshold and is executed.
If you trade a token that hasn't been deposited into your Squads account before, you will require at least 0.003 SOL in your account. This amount covers the cost of creating an ATA for the newly deposited token.
