Swapping Tokens

Complete guide to swapping tokens on Silverback DEX.

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Base Network Swaps

How It Works

When you swap on Base, Silverback automatically:

1. Checks our native liquidity pools

2. Queries OpenOcean aggregator for better rates

3. Routes your trade through the best path

4. Executes with optimal pricing

Step-by-Step

1. Navigate to the Swap page

2. Select Base network from the dropdown

3. Choose your input token (what you're selling)

4. Choose your output token (what you're buying)

5. Enter the amount you want to swap

6. Review the quote:

   • Exchange rate

   • Price impact

   • Slippage tolerance

7. Click "Swap"

8. Approve the transaction in your wallet

9. Wait for confirmation (~2 seconds)

Adjusting Slippage

Click the gear icon ⚙️ to adjust slippage tolerance:

Setting	Use Case
0.1%	Very stable pairs (stablecoins)
0.5%	Default — works for most trades
1-3%	Volatile tokens or larger trades
5%+	Very volatile or low liquidity tokens

Warning: Higher slippage means you may receive fewer tokens. Only increase when necessary.

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Keeta Network Swaps

Keeta offers two swap methods:

Option 1: AMM Pool Swaps

Standard automated market maker swaps through Silverback's liquidity pools.

1. Navigate to Swap page

2. Select Keeta network

3. Select tokens and enter amount

4. The app finds the best pool automatically

5. Click "Swap"

6. Confirm in Keythings wallet

Settlement: ~400ms

Option 2: FX Anchor Swaps

Access both official Keeta FX anchors and user-created Silverback pools through one interface.

1. Navigate to Keeta → Anchor page

2. Select your token pair

3. Enter swap amount

4. View available quotes:

   • 🔵 Blue quotes = Official FX Anchors

   • 🟠 Orange quotes = Silverback user pools

5. Best rate is auto-selected (you can choose manually)

6. Click "Swap"

Two-Transaction Process:

Step	What Happens
TX1	You sign to send tokens to the pool
TX2	Backend automatically sends output tokens to you

Both transactions are required for the swap to complete.

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Understanding Price Impact

Price impact measures how much your trade affects the market price.

Why It Matters

Large trades relative to pool liquidity will "move" the price against you. The bigger your trade, the worse your effective rate.

Reading Price Impact

Impact	Status	Recommendation
< 0.1%	🟢 Excellent	Trade freely
0.1% - 1%	🟢 Good	Normal range
1% - 3%	🟡 Moderate	Consider smaller size
3% - 5%	🟠 High	Split into multiple trades
> 5%	🔴 Very High	Find deeper liquidity

Reducing Price Impact

• Smaller trades — Split large orders into multiple smaller ones

• Different pairs — Route through intermediate tokens (ETH → USDC → TARGET)

• Wait for liquidity — Pools may have more liquidity at different times

• Use Anchors (Keeta) — Check anchor page for alternative pools

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Token Approvals

What Are Approvals?

ERC-20 tokens require you to "approve" a smart contract before it can spend your tokens. This is a security feature.

How It Works

1. First time trading a token → Approval transaction required

2. Approve once per token per contract

3. After approval, you can trade that token freely

Approval Options

• Exact amount — Only approve the amount you're trading (most secure)

• Unlimited — Approve infinite spending (more convenient, less secure)

Security Tip: For maximum security, approve only the amount you need. For convenience with tokens you trade often, unlimited approval saves gas on future trades.

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Swap Settings

Access settings via the gear icon ⚙️:

Setting	Description	Default
Slippage Tolerance	Max price movement accepted	0.5%
Transaction Deadline	Time before trade expires	20 minutes
Expert Mode	Bypass confirmation warnings	Off

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Tips for Better Trades

1. Check price impact before confirming

2. Compare rates between AMM and Anchor swaps on Keeta

3. Trade popular pairs for better liquidity and rates

4. Avoid trading during high volatility unless necessary

5. Split large trades to minimize price impact