Swap

How to Swap

Requirements

• MetaMask wallet

• some (less than 1 cent) FTM for gas

Impermanent Loss

Impermanent Loss (aka IL) is one of the risks you take on for being a liquidity provider and is a result of how AMMs function. Here are two articles to better explain it: https://pintail.medium.com/understanding-uniswap-returns-cc593f3499ef https://blog.bancor.network/beginners-guide-to-getting-rekt-by-impermanent-loss-7c9510cb2f22

They will give you an idea of what IL is and how you are affected by it. Stay tuned for more info!

TL;DR: Large swings in the relative price difference of the two tokens in the pool could result in a loss compared to holding the tokens themselves if you withdraw at that precise moment (hence the term impermanent). The loss is only "permanent" if you withdraw your liquidity completely, however that does not mean the IL will necessarily go away over time. Generally speaking, the trading fees received for being a liquidity provider and the yield from the farm can offset IL risk, but nothing is guaranteed.

Swap FAQ

How do I switch the direction of the swap? You can do that by clicking on the symbol between "From" and "To".

I don't see the tokens I want in the token list. What do I do? You can add new tokens by searching for its address, and adding it to the list.

What are the Swap fees?

• 0.3% Swap fee

  • 0.15% to Liquidity Provider

  • 0.15% to ShibaSwap Vault for Buyback and Burn