Instant Swaps
Instant Swaps are filled instantly at the current market price and liquidity.
Executing a swap in a multisig setup is inherently delayed because it needs approval from other Squad members. Delays can arise if members are slow to approve a swap, potentially leading to price changes or expired routes, which can cause the swap to fail.
How to Swap tokens directly from your Squads account?
How to Swap Tokens:
Go to either the "Treasury" or "Dashboard" Page.
Find the "Trade" icon and click on "Instant Swap" to open a swap pop-up.
Choose the account you want to use for the swap.
After selecting the pair, you will see the three best routes below the pair selection fields.
Configure the slippage tolerance by selecting one of the predefined options (0.1%, 0.5%, or 1%) 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 gets back to the indicated slippage tolerance range.
Users can check the price information, which includes:
Rate: This shows the exchange rate for the selected route
Slippage: This shows the slippage tolerance percentage
Price impact: The size of the trade can affect the rate that users are getting. Price impact measures how much the size of the trade is affecting the price
Minimum received: This is the minimum amount of tokens that a user will receive upon transaction execution. It is based on the slippage tolerance
AMM fees: These are fees paid to the AMM for routing the swap
Platform fees: These are the fees incurred by the Squads platform (0.2%)
Launch the transaction. Once the transaction reaches the confirmation threshold and is executed, the swap will be completed.
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.
Last updated
