⏳L-1 Streaming Swaps

Introduction

Streaming Swaps on Lends allow for more efficient and cost-effective trading by breaking down large swaps into smaller sub-swaps over time. This enables better price execution through reduced slippage.

Instead of a single immediate swap, Streaming Swaps work by:

1. Sending a single inbound transaction

2. Dividing the swap into several sub-swaps

3. Consolidating sub-swaps into one outbound transaction

Benefits

• Lower fees: Spreading swaps over time allows arbitrageurs to rebalance, leading to lower slippage and better pricing

• Price optimization: Swaps are automatically divided enabling users to achieve optimal rates

• Efficiency: One inbound/outbound transaction instead of multiple for each sub-swap. Saves network capacities.

How it Works

• Price Optimized is the only swap option on Lends

• Swap amount determines number of sub-swaps

• Sub-swaps evenly distributed over 24 hours

• Assets will be refunded if the minimum output price is not met for the first sub-swap

By taking a patient approach, Streaming Swaps unlock better pricing for users through automated optimization. This makes trading on Lends more efficient and cost-effective.