What Is Swap?

In AMM-based decentralised exchanges trades called called swaps.

In a swap you you trade against liquidity providers with market order like trades.

The user interacts with a liquidity pool using :their term:non-custodial wallet to perform a swap.

Some example swaps:

  • In a buy swap, you bought cryptocurrency token with a stable coin, e.g. you buy AVAX with USDC stablecoin

  • In a buy sell, you bought cryptocurrency token with a stable coin, e.g. you sell AVAXs to gain USDC in your wallet

Swaps are used on AMMs <AMM>.

See also

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