Swap

Last updated 7 months ago

Swap

The Swap feature on the Overnight platform streamlines the conversion of various assets into Overnight tokens. Powered by Odos, a decentralized trading protocol, it enables fast and secure peer-to-peer trading for efficient asset exchanges.

With Swap, users can maximize their yield generation potential and enjoy a seamless trading experience.

and its contribution to decentralized asset trading.

Benefits of Swap on Overnight

Convenience Effortlessly exchange assets for Overnight tokens without intermediaries, saving you time and effort.
Lower Fees Enjoy competitive transaction fees, often lower than traditional exchanges. Our default settings prioritize minimal slippage, ensuring no surprises when swapping stablecoins.
Security and Privacy Leverage blockchain technology for secure, private asset exchanges, maintaining full control over your assets without the risks of centralized platforms.
Improved Liquidity Contribute to ecosystem liquidity, enhancing trading opportunities and minimizing slippage.
Efficient Asset Management Quickly rebalance your portfolio or switch assets, making it easy to diversify and adjust your strategies.

How to Use Swap on Overnight

Access Swap Visit the page on the Overnight platform.
Asset Selection Choose up to 3 assets in both the "You Send" and "You Receive" fields from a wide range of supported tokens and stablecoins for your swap.
Asset Input Enter the amount you want to exchange in the "You send" field. The platform will show the approximate amount of the desired asset in the "You receive" field based on the current exchange rate.
Slippage Tolerance Set your slippage tolerance to control acceptable price deviations during the swap. Recommended values:
- 0.05% for stablecoins
- 0.1% for a mix of stablecoins and volatile assets
- 1% for volatile assets
Transaction Confirmation Review the swap details, including the estimated transaction fee and the resulting asset amount. Ensure all information is accurate before proceeding.

Transaction Execution Click the "Swap" button to execute the transaction. Confirm the transaction in your connected wallet by following the prompts.
Transaction Completion Once confirmed on the blockchain, the exchanged asset will be credited to your wallet. You can also click the provided link to view transaction details on the blockchain explorer for verification.

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Last updated 7 months ago

With Swap, users can maximize their yield generation potential and enjoy a seamless trading experience.

and its contribution to decentralized asset trading.

Benefits of Swap on Overnight

Convenience Effortlessly exchange assets for Overnight tokens without intermediaries, saving you time and effort.
Lower Fees Enjoy competitive transaction fees, often lower than traditional exchanges. Our default settings prioritize minimal slippage, ensuring no surprises when swapping stablecoins.
Security and Privacy Leverage blockchain technology for secure, private asset exchanges, maintaining full control over your assets without the risks of centralized platforms.
Improved Liquidity Contribute to ecosystem liquidity, enhancing trading opportunities and minimizing slippage.
Efficient Asset Management Quickly rebalance your portfolio or switch assets, making it easy to diversify and adjust your strategies.

How to Use Swap on Overnight

Access Swap Visit the page on the Overnight platform.
Asset Selection Choose up to 3 assets in both the "You Send" and "You Receive" fields from a wide range of supported tokens and stablecoins for your swap.
Asset Input Enter the amount you want to exchange in the "You send" field. The platform will show the approximate amount of the desired asset in the "You receive" field based on the current exchange rate.
Slippage Tolerance Set your slippage tolerance to control acceptable price deviations during the swap. Recommended values:
- 0.05% for stablecoins
- 0.1% for a mix of stablecoins and volatile assets
- 1% for volatile assets
Transaction Confirmation Review the swap details, including the estimated transaction fee and the resulting asset amount. Ensure all information is accurate before proceeding.

Transaction Execution Click the "Swap" button to execute the transaction. Confirm the transaction in your connected wallet by following the prompts.
Transaction Completion Once confirmed on the blockchain, the exchanged asset will be credited to your wallet. You can also click the provided link to view transaction details on the blockchain explorer for verification.