Swap
Panda Swap is light years ahead of its competition, as well as being faster and cheaper!
A swap is an exchange of a token for another. Swaps are performed by a smart contracts deployed on the Solana network. They are executed against the depositors' liquidity. Accordingly, they don't require any intermediary, unlike trades on custodian exchanges. The exchange rate is calculated following predefined mathematical formulas available accounting for the available tokens in the pools.
How to Swap
Navigate to 'Swap' using the tabs at the top of the app and connect your wallet.
Next, select the the tokens you want to swap. For this example: SOL to USDC.
Enter the amount of tokens to swap. Click Swap.
After the transaction is confirmed you will see your new balance. Finished! (It really is that easy)
Stop-loss Limit will enable traders to buy and sell automatically without the need to constantly check prices. This assures that investor's can trade safely within their own risk tolerance.
Minimum Received is the fewest amount of tokens a user will receive on a trade.
Price Impact is the difference between the market price and the estimated execution price based on the size of the trade.
Slippage Tolerance is the maximum difference between a user's estimated price and execution price. You can access this parameter both by clicking "settings" on the navigation tab and "more information" on the swap interface.
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