🔄Token Swaps

Cadence offers token swaps for various crypto assests.

For swaps on Cadence, click on the "Swap" tab on the Trade Page this will open the interface to swap tokens.

To initiate a token swap, a user needs to connect their cryptocurrency wallet to the Cadence decentralized swap exchange. Once connected, the user selects the cryptocurrency they want to trade and the cryptocurrency they want to receive.

After this, click the "Swap" Button as shown below and then confirm the transaction.

Note that users can edit their allowed slippage in the settings tab as shown below. This tab can be found by clicking on the three dots in the top right corner of the page.

Users can also execute limit order on swaps. These open an order for the user's desired amount they wish to receive per traded token. Please note, however, that these orders are not guaranteed to be executed. This can occur in a few situations including but not exclusive to:

  • Insufficient liquidity to execute the order

  • The mark price which is an aggregate of exchange prices did not reach the specified price

  • The specified price was reached but not long enough for it to be executed

  • No keeper picked up the order for execution

Additionally, trigger orders are market orders and are not guaranteed to settle at the trigger price.

For leverage trading, please see the further sections for more information.

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