Swapping tokens on Velodrome offers seamless access to the Superchain ecosystem, allowing you to exchange assets across multiple blockchains. This guide will take you through each step, ensuring a smooth swapping experience on Velodrome.
Note: Every transaction illustrated in this article includes a transaction hash in the image caption (👉). To verify any transaction, refer to this guide on using transaction hashes on blockchain explorers.
What you will find in this article:
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Step-by-step instructions for performing token swaps.
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Adjusting slippage and choosing tokens across chains.
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Finalizing the swap and transaction details.
What you need:
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Connected wallet (see my article “Connect your wallet on Velodrome” if needed).
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Tokens on your wallet to swap.
How to Swap on Velodrome:
1)Access the Swap feature: visit velodrome.finance, navigate to the top bar and select “Swap”.
2)Choose your token to swap from:
- Use the dropdown menu to select the token you want to swap.
- As Velodrome operates as the hub within the Superchain, you will also need to choose the blockchain where your selected token is held.
3)Choose your destination token:
- After selecting the initial token, use the dropdown menu below to select the token you wish to receive.
- Similarly, select the blockchain for the second token.
4)Enter the Swap Amount: you have several options for entering the amount:
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Maximum amount: click on “MAX” to use the full balance.
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Percentage buttons: use the preset % options (10-25-50-75-100%).
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Manually entry: type the exact amount you wish to swap.
5)Adjust slippage and review swap fees:
- On the right side, you will see an “Adjust” option for slippage tolerance.
- Consider the swap fee for the pool displayed in the liquidity routing box below.
6)Allow Velodrome to Access Tokens by signing the transaction in your wallet.
7)Complete the swap: with permissions enabled, click the “Swap” button and confirm the transaction in your wallet. Your swap will finalize shortly.
Conclusion
Swapping on Velodrome is an efficient way to navigate across blockchains within the Superchain ecosystem. Following these steps will allow you to manage your assets smoothly, from choosing tokens to confirming the transactions.
Lynn Brooke
This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.