How to do a simple Swap
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Navigate to the Botega website. Ensure that you have the correct URL:
Select the "Connect" button at the top right of the page and connect your wallet.
Select the drop down menu under "You Sell" and choose the token that you'd like to swap, then enter the amount.
Select the drop down menu under "You Buy" and choose the token that you would like to receive.
Review the swap route and output token amounts.
Select "Swap."
Select "Confirm" when the wallet confirmation window appears.
When you swap tokens in a Botega liquidity pool, there is a 0.25% fee, depending on the specific pool you are interacting with. These fees are automatically distributed to the liquidity providers (LPs).
Slippage is the difference between the expected price of a swap and its execution price.
Botega allows users to set their slippage tolerance, determining the maximum difference between the expected and execution prices.
If the slippage exceeds the user's chosen tolerance, the swap will not be executed.
Setting a high slippage tolerance may result in an unfavorable swap.
Price impact refers to the change in an asset's price due to the execution of a trade. This is especially relevant in decentralized exchanges (DEXs) or automated market makers (AMMs) due to their liquidity model.
Price Impact is influenced by the available liquidity to settle the trade and the size of the trade. For example, if you want to swap a large amount of one token for another in a liquidity pool, the larger your trade compared to the pool's size, the more significant the price impact will be. This is because the execution of your trade will shift the balance between the tokens in the pool which will directly affect the price according to the AMM's formula.
To reduce price impact, we recommend that you split large trades into several smaller trades over time. You can execute this automatically using our feature.
