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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. 1.
    Sending a single inbound transaction
  2. 2.
    Dividing the swap into several sub-swaps
  3. 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 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.