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Token Swapping

Learn how to swap tokens on Naga with best execution and competitive pricing.

What is Token Swapping?​

Token swapping allows you to exchange MYRC <> USDT or another token directly on our website. Naga automatically finds the best route and price for your trade.

How to Swap Tokens​

Step 1: Connect Your Wallet​

Before you can swap tokens, connect your Web3 wallet:

  1. Click the "Connect Wallet" button in the top right
  2. Select your wallet (MetaMask, WalletConnect, etc.)
  3. Approve the connection in your wallet

Step 2: Select Tokens​

  1. In the "From" field, select the token you want to swap
  2. In the "To" field, select the token you want to receive
  3. You can quickly swap the token positions using the swap icon between the fields

Step 3: Enter Amount​

  1. Enter the amount of tokens you want to swap in the "From" field
  2. The protocol will automatically calculate the estimated amount you'll receive
  3. Use the "Max" button to swap your entire balance of the selected token

Step 4: Review the Quote​

The swap panel displays important information:

  • Expected Output: The amount you'll receive (approximately)
  • Minimum Received: The minimum amount guaranteed (accounting for slippage)

Step 5: Adjust Settings (Optional)​

Click the settings icon to customize:

  • Slippage Tolerance: Maximum price movement you're willing to accept (default: 0.5%)
  • Higher slippage = more likely to execute but potentially worse price
  • Lower slippage = better price protection but may fail if market moves

Step 6: Execute the Swap​

  1. Click the "Swap" button
  2. Review the transaction details in the confirmation modal
  3. Confirm the transaction in your wallet
  4. Wait for the transaction to be confirmed on the blockchain

Tips for Swapping​

Set Appropriate Slippage​

  • For stable pairs (MYRC/USDT): 0.1-0.5% is usually sufficient
  • For volatile pairs: 1-3% may be needed during high volatility
  • For low liquidity pairs: You may need even higher slippage

Refresh Quotes​

Token prices change constantly. If you wait too long before confirming, refresh the quote to get the latest price.

Monitor Gas Fees​

Gas fees vary based on network congestion. Check the estimated gas fee before confirming your transaction.

Common Issues​

Transaction Failed​

  • Insufficient Balance: Ensure you have enough tokens plus gas fees
  • Slippage Too Low: The price moved beyond your slippage tolerance - try increasing it
  • Insufficient Liquidity: The token pair may not have enough liquidity for your trade size

Quote Expired​

If you wait too long, the quote may expire. Simply refresh to get a new quote with updated pricing.

Fees​

Naga charges a small fee on each swap to maintain the protocol. The fee structure varies by token pair and is displayed before you confirm the transaction.

Next Steps​