Smart Swap, Lista’s decentralized exchange (DEX), is the latest addition to the Lista ecosystem. It enables instant asset exchange and offers an additional income stream  -  trading fees  -  to the Lista community.

Smart Swap is as easy as it is intuitive:

Click on ‘Smart Swap’ on the top or simply click on this link.

Select the assets you wish to swap from and to. Currently, the only available trading pairs are slisBNB/BNB and BTCB/SolvBTC — both tokens with similar or correlated value.

Take our slisBNB/BNB trading pair for example. Select one of the tokens from the drop list, and the other will automatically appear on the other side. Enter the amount you wish to exchange. You can click on 25%, 50%, or MAX to automatically adjust the amount of tokens. When the amount of one token is set, the amount of the other will show up.

You can set your slippage tolerance at ‘Max Slippage’. Slippage refers to the difference between quoted rates and execution rates. Since market conditions are constantly changing, there will very likely be a difference between your quoted rates and execution rates. Setting a low slippage tolerance will allow you to make the swap at a favorable rate but sometimes may lead to transaction failure. Setting a high slippage tolerance will increase your chance of making a successful swap, but the exchange rate may not be as ideal and you will be exposed to MEV attacks. Most of the time, keeping it default will work just fine.

When everything is set, you can check out the preview of your order under the Swap button:

The first line indicates your quoted exchange rate. ‘Minimum Received’ tells you the minimum amount of token you will receive if the swap order is executed. This is determined by your slippage tolerance: the higher your tolerance, the smaller this value.

When the swap is executed, the ratio between the 2 assets (slisBNB/BNB in this case) will change, and so will their exchange rate. This change is reflected in ‘Price Impact’. The larger your order size, the higher the impact. Although at Smart Swap, assets are of very similar values so most of the time, the price impact will be insignificant.

The last line is the trading fee you will be charged. Lista sets a fixed fee rate for each trading pair and trading fees will go to liquidity providers on Smart Lending.

If this preview looks good, you can click on Swap, approve your assets, confirm your transactions, and the swap will be executed.

You’ll also notice we just turned slisBNB into BNB in a few seconds. This will be a handy way to unstake your BNB without going through an unstaking period — at a small cost, that is.

Smart Swap is a lean, simple DEX designed for exchanges between a handful of premium assets. In the future, Lista will add support for more assets and expand into a more comprehensive DeFi protocol. Stay tuned.

Smart Swap, Lista’s decentralized exchange (DEX), is the latest addition to the Lista ecosystem. It enables instant asset exchange and offers an additional income stream  -  trading fees  -  to the Lista community.

Smart Swap is as easy as it is intuitive:

Click on ‘Smart Swap’ on the top or simply click on this link.

Select the assets you wish to swap from and to. Currently, the only available trading pairs are slisBNB/BNB and BTCB/SolvBTC — both tokens with similar or correlated value.

Take our slisBNB/BNB trading pair for example. Select one of the tokens from the drop list, and the other will automatically appear on the other side. Enter the amount you wish to exchange. You can click on 25%, 50%, or MAX to automatically adjust the amount of tokens. When the amount of one token is set, the amount of the other will show up.

You can set your slippage tolerance at ‘Max Slippage’. Slippage refers to the difference between quoted rates and execution rates. Since market conditions are constantly changing, there will very likely be a difference between your quoted rates and execution rates. Setting a low slippage tolerance will allow you to make the swap at a favorable rate but sometimes may lead to transaction failure. Setting a high slippage tolerance will increase your chance of making a successful swap, but the exchange rate may not be as ideal and you will be exposed to MEV attacks. Most of the time, keeping it default will work just fine.

When everything is set, you can check out the preview of your order under the Swap button:

The first line indicates your quoted exchange rate. ‘Minimum Received’ tells you the minimum amount of token you will receive if the swap order is executed. This is determined by your slippage tolerance: the higher your tolerance, the smaller this value.

When the swap is executed, the ratio between the 2 assets (slisBNB/BNB in this case) will change, and so will their exchange rate. This change is reflected in ‘Price Impact’. The larger your order size, the higher the impact. Although at Smart Swap, assets are of very similar values so most of the time, the price impact will be insignificant.

The last line is the trading fee you will be charged. Lista sets a fixed fee rate for each trading pair and trading fees will go to liquidity providers on Smart Lending.

If this preview looks good, you can click on Swap, approve your assets, confirm your transactions, and the swap will be executed.

You’ll also notice we just turned slisBNB into BNB in a few seconds. This will be a handy way to unstake your BNB without going through an unstaking period — at a small cost, that is.

Smart Swap is a lean, simple DEX designed for exchanges between a handful of premium assets. In the future, Lista will add support for more assets and expand into a more comprehensive DeFi protocol. Stay tuned.