Swap FAQ

What is a swap?

A swap on XenDEX is a simple, direct exchange of one token for another on the X1 Blockchain. Unlike centralized exchanges, swaps on XenDEX are executed by decentralized smart contracts. This means transactions happen directly between users and the liquidity pool—no intermediaries required.

How are swap rates calculated?

Swap rates are determined using XenDEX's AMM model, which relies on predefined mathematical formulas. These formulas assess the available liquidity in each pool and adjust prices dynamically, optimizing for minimal slippage. XenDEX’s routing engine efficiently identifies the best pools for execution, ensuring optimal swap rates.

How Does Liquidity Work on XenDEX?

Liquidity on XenDEX is provided by its own permissionless pools. Any project or user can Liquidity is provided through XenDEX’s permissionless pools. Any project or user can create a liquidity pool for their token, enabling decentralized trading. This open-access approach empowers the community to decide which tokens are available for trading on the X1 network.

Are there fees for swapping?

A 0.25% trading fee is applied to all swaps. For a detailed breakdown of fee allocation, visit the Swap Fees section.

What is price impact?

Price impact reflects how much your trade affects the token price in the pool. Large swaps or trades in pools with low liquidity may lead to higher price impact, resulting in less favorable rates.

• Tip: For large swaps, consider using high-liquidity pools or splitting your transaction to minimize price impact.

What is slippage?

Slippage is the difference between the expected and final execution price of a swap. XenDEX allows you to set a Slippage Tolerance to manage this difference.

• Setting High Slippage: Higher tolerance increases the chance of execution but may result in less favorable rates.

• Adjusting Tolerance: Customize slippage in the swap settings to suit market conditions and liquidity levels.

What Happens if a Transaction Fails?

If your transaction fails due to slippage or timeout:

• Increase your slippage tolerance slightly on the Swap page.

• Ensure you have enough XN to cover network fees.

Why Do I Need XN?

IXN is required to pay gas fees on the X1 Blockchain. For smooth transactions, keep a minimum of 0.05 XN in your wallet.

WhaWhat Are Wrapped Tokens?

In rare cases, transactions might result in wrapped tokens like wrapped SOL (xSOL). These are fully redeemable 1:1 with their native tokens.

• Redeeming Wrapped Tokens: Visit the XenDEX swap interface, which will detect wrapped tokens in your wallet and allow conversion to their original form.

What Should I Know About Bridged Assets?

XenDEX supports wrapped assets from trusted bridges on the X1 Blockchain, such as wBTC and wETH.

• Security Tip: Always verify the bridge provider to ensure asset security. For assistance, contact the XenDEX community.

Need more help?

The XenDEX community is here for you! Join our Telegram channel for support, guidance, and updates.