# 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

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### 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.