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On this page
  • 1. Locate the Swap menu
  • 2. Set up your swap
  • 3. Set your slippage tolerance
  • 4. Confirm your swap
  • 5. Approve the transaction on Adena
  • 6. Review your swap

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  1. User Guide
  2. Trading

Swap Tokens

PreviousTradingNextSwap With Details

Last updated 4 months ago

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1. Locate the Swap menu

Click on Swap on the header to visit the Swap page.

2. Set up your swap

Choose the pair you wish to swap and specify the amount of tokens to sell or buy. Once you enter a valid amount, details of the swap will appear at the bottom of the screen. Note that the recent price action of each token and latest swaps will appear on the right side.

Purchasing the exact desired amount

You may sometimes end up with fewer tokens compared to the amount displayed in the modal due to price fluctuations. You can specify the number of tokens to purchase by manually editing the bottom side of the modal. This will automatically calculate the number of tokens you need to sell to obtain your desired amount.

Sharing a swap link

Generate a link to the Swap page with the selected token(s) by clicking on the link icon on the top right of the Swap modal. This allows project owners to share a link that takes users directly to the Swap page with their tokens selected.

3. Set your slippage tolerance

Click on the Settings Icon to configure your slippage limit to avoid unexpected price swings. Then, click on Swap to proceed.

What does slippage mean?

Trades on GnoSwap are executed on-chain, meaning that it takes a few seconds for the Gnoland blockchain to process your trade after you submit your swap transaction. During a volatile market, the actual amount of tokens you end up receiving may vary due to price fluctuations. This phenomenon is known as slippage. You can prevent this by manually setting your slippage tolerance.

4. Confirm your swap

Carefully review the details of your swap to ensure that all of the displayed information is correct. Then, click on Confirm Swap to continue.

5. Approve the transaction on Adena

A pop-up from Adena will appear in a new window, prompting you to approve the transaction. Click on Approve to proceed.

6. Review your swap

Wait a few seconds for your transaction to be broadcast to the blockchain. A notification will appear once it's complete. You can either return to the Swap menu by clicking on Close or view details of the transaction on Gnoscan by clicking on View transaction.