NEOPIN provides a Swap service that allows tokens to be exchanged using a liquidity pool. Cross-swap between various tokens is also available. The exchange rate of two tokens is calculated based on the liquidity pool rate, not the market price. Fees may apply when using Swap.
How to Connect Your Wallet
To use the Swap service on the NEOPIN Web, you need to connect your wallet first. Click the [Connect Wallet] button and select the wallet you would like to connect. For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to all services.
Executing a Swap
1. Go to the [Swap] tab. 2. Click the [Network] button to select the network of the token to be swapped. Available networks: Ethereum, Kaia. 3. Click the token icon in the [From] column to select the token to swap, then select the token to swap for. 4. Enter the amount of tokens to be swapped. The swap will only proceed if you have enough tokens. 5. Click the [Swap] button and review 'Estimated Returns', including the exchange rate, minimum swappable amount, fees, and exchange route. 6. After careful review, click the [Swap] button, and a confirmation request screen will appear. 7. Review the transaction summary and confirm it in your connected wallet. If using the NEOPIN App, confirm the transaction and enter the PIN Code.
Additional Settings: Slippage Tolerance
What is slippage? Slippage occurs when multiple users are swapping at once, leading to rapid exchange rate changes and a difference between the expected and actual amount. This difference can be controlled by setting the slippage range. If the slippage exceeds the set allowable range, the swap will not proceed. To set the slippage tolerance, click the [Settings] button in the top right corner and choose a suitable value. You can select the default 0.5%, enter another number, or set it manually.
Using Swap on the NEOPIN web platform involves simple steps for connecting your wallet and setting up exchange parameters. It is essential to carefully verify all the data before confirming the transaction to avoid potential losses due to slippage or exchange rate changes.
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