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Instant Swaps

Swap function allows users to change one asset to another without interacting with order book interface
Users, who want to change one asset to another without interacting with order book can use swap function. Trades are provided through order book as taker orders. For using Swap function users should follow next steps:
  1. 1.
    Go to Swap tab on trade.spin.fi
  2. 2.
    Chose an asset which you want to swap
  3. 3.
    Chose an asset which you want to receive
  4. 4.
    Click on a gear icon and adjust Slippage Settings. This parameter represent possible range of the expected amount of tokens you would receive. For example, if Slippage Settings is 1%, total amount of tokens could be 1% lower than the initial amount shown
  5. 5.
    Click "Swap" button and approve transaction
  6. 6.
    Token Swap function withdraws and accrues funds on user's wallet. Assets, held in the Spin account can't be exchanged through Swap
Right now users can swap any assets through USDC. For example, if user wants to change NEAR to REF, it can be done with two steps:
  1. 1.
    Change NEAR to USDC
  2. 2.
    Change USDC to REF
In the NEAR future Spin team will implement feature for one-step swap through all the assets, supported by spot section.