Zero Slippage Swaps
Last updated
Last updated
OmniDex operates a multi-asset liquidity pool which offers zero slippage swaps between any of the liquidity pool assets. Tokens that currently support zero slippage are:
USDC
USDT
BTC
ETH
TLOS
To carry out a zero slippage swap follow the steps below:
Go to the OmniDex Trading Platform here
If necessary connect your wallet
At the top of the trading panel on the right hand side of the page select Swap
Select the Market option to carry out an immediate swap at the current Market Price
Use the first pulldown to select the token that you wish to swap from
Use the second pulldown to select the token that you wish to swap to
If you wish to spend a specific amount of your original token then enter this amount into the first data entry box. However if you wish to receive a specific amount of the token that you are swapping to then enter this value in the second data entry box
The Swap fees that will be paid to the liquidity providers will be shown below the data entry boxes along with the current Market Price of the from and to token.
Once all details have been entered the swap can be executed by pressing the Swap button. There is no inherent slippage for swaps between the listed OLP tokens, however, during times of high volatility a price spread may occur or there may be a delay between the placement of the order and when it is transacted on the blockchain. In these circumstances the swap price may change. More details and how to manage this risk can be found here.
The process for setting Limit Orders is similar to carrying out a standard swap as described above, however for Limit Order Swaps there is an additional step to set the Execution Price.
With standard market price orders the price at which the swap is executed is derived from the Market Price at the time that the order is set, however, for limit order swaps the user is able to specify a particular price at which they would like the swap to execute. When an execution price is set the trade will not take pace until the market price achieves this price or better. This can be useful in managing risk and maximising profits. More information on Limit Orders can be found here.
