Swapping Tokens

Swapping Tokens on Firefly

Swapping tokens on Firefly DEX is a straightforward process designed for both beginners and experienced traders.

How to Swap

1. Select Tokens: On the Swap page, choose the tokens you want to exchange.

1. Enter Amount: Input the amount of the token you wish to swap.

1. Review Swap Details: Check the estimated rate, slippage, and fees.

1. Confirm Swap: Execute the swap by confirming the transaction in your wallet.

Swap Fees

When you swap tokens on FireFly, you pay a fee based on the tier associated with the token pair. The fee tiers are as follows:

• 0.05%: For pairs with relatively low volatility.

• 0.3%: Standard fee for most pairs.

• 1%: For pairs with high volatility or less liquidity.

These fees are paid to liquidity providers as an incentive for supplying liquidity to the platform. FireFly does not currently charge a protocol fee, and all trading fees go to liquidity providers.