Trade on swap
Last updated
Last updated
Swap is a new AMM on Dex!
Like typical AMMs, you can join the pools and trade against them.
The curve is the standard x*y=k curve.
Huione based AMMs are fast!
Swap takes about 1 second to settle a trade or pool addition/removal, and gas fees are tiny:
roughly $0.00002 per trade.
A multi-chain swap platform that integrates various decentralized exchanges (DEXs) across different blockchains, including Huione, BSC, ETH, and TRON. It also discusses the impact of gas fee differences on trading route strategies and provides strategies for minimizing transaction costs.
Infrastructure
DEX: Utilizes Huione DEX for token swaps.
BSC DEX: Integrates PancakeSwap for token swaps.
ETH DEX: Employs Uniswap for token swaps.
TRON DEX: Uses SunSwap for token swaps.
Cross-Chain Bridge: Implements a bridge that utilizes Ghost to listen for events and facilitate asset transfers across chains.
Business Scenarios
Same-Chain Swap: Users can directly swap tokens on their respective chains.
Cross-Chain Swap: Users can transfer assets from one chain to another and perform swaps on the target chain.
Swap Across Chains: Users can swap tokens on one chain and transfer them to another chain.
Cross-Chain Swap and Exchange: Users can perform a swap on one chain and immediately exchange on the target chain.
Technical Implementation Steps
User Interface: Provide a user-friendly front-end interface that allows users to select the tokens and chains for swapping.
Smart Contracts: Deploy smart contracts on each chain to handle token locking, releasing, and swapping logic.
Cross-Contract Calls: Implement cross-contract calls to facilitate swaps on the respective DEXs:
Call Serum DEX on Huione for swaps.
Call PancakeSwap on BSC for swaps.
Call Uniswap on ETH for swaps.
Call SunSwap on TRON for swaps.
Transaction Cost Calculation:
Each DEX may have varying transaction fees (gas fees) due to factors such as network congestion and transaction complexity.
When selecting trading routes, it is essential to consider the gas fees of each DEX to ensure the lowest overall transaction cost.
Liquidity and Slippage:
Different DEXs have varying levels of liquidity, with lower liquidity potentially leading to higher slippage, which can also affect the actual cost of the trade.
In route selection, it is crucial to consider both gas fees and slippage impacts on transaction costs.
Transaction Speed:
DEXs with higher gas fees may prioritize transaction processing, which can lead to faster execution times.
A balance must be struck between transaction speed and cost.
To minimize transaction costs, the following strategies can be employed:
Real-time Gas Fee Monitoring:
Utilize tools (such as Gas Trackers) to monitor real-time gas fees across different DEXs, selecting those with lower fees for trading.
Dynamic Route Selection:
Implement dynamic routing algorithms that automatically choose the optimal trading path based on real-time gas fees, liquidity, and slippage.
Smart contracts can be used to calculate the total cost of different paths and select the one with the lowest cost.
Batch Trading:
Where possible, combine multiple trades into a single batch transaction to reduce overall gas fees. Executing multiple operations within one transaction can effectively lower the average gas cost per operation.
Optimal Trading Timing:
Execute trades during periods of low network congestion to typically achieve lower gas fees. Monitor network traffic to identify times when gas fees are reduced.
Utilizing Layer 2 Solutions:
Consider using Layer 2 solutions (such as zk-Rollups or Optimistic Rollups), which often provide lower transaction fees and faster confirmation times.
Optimizing Contract Calls:
Optimize the logic within smart contracts to reduce unnecessary computations and storage operations, thereby lowering gas consumption.
In this example, we will explain how to easily swap tokens using the Symmetry Swap interface!
Important: make sure to own at least 0.2 HC in your wallet to pay for transaction fees.
Click here to access the website:
If you already have a Huione wallet, simply enter your password as shown below to unlock your wallet and access the Symmetry Swap interface.
Now that your Huione wallet is connected to the Symmetry Swap interface, you can start swapping tokens easily!
Example: Let`s say we want to swap 1 HC for USDT.
Select from: HC
Select To: USDT
The amount received will automatically update.
If you wish to proceed, click on Swap.
If you are using a hardware wallet such Ledger, you will need to approve the transaction on your computer screen but also on the Ledger device itself.
If you don`t use a Ledger (skip this step).
If you do, please approve the transaction on your Ledger device ⬇️
It will only take a few seconds!
Congratulations! 🎉 You now know how to swap any tokens easily.
Try it now at: https://swap.xonepubchaintest.com
