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:
Sending a single inbound transaction
Dividing the swap into several sub-swaps
Consolidating sub-swaps into one outbound transaction
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 refunded if minimum output price not met
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.