🏎️Boosted Swaps
Chainflip's Boost feature dramatically speed up transaction times for cross-chain swaps.
Chainflip's innovative Boosted Swap feature is a cutting-edge feature developed by Chainflip that significantly enhances the efficiency and profitability of cross-chain swaps. By leveraging additional liquidity provided by Boost Liquidity Providers (LPs), Boosted Swaps allow users to execute larger trades with minimal slippage, even in low-liquidity environments.
Here’s how it works:
Boost Liquidity: Boosted Swaps use liquidity from both the primary AMM pools and Boost LPs. Boost LPs provide additional liquidity for specific assets, allowing the execution of larger swaps without the typical slippage costs associated with low liquidity.
Improved Execution: When a swap is initiated, Chainflip's smart routing system automatically taps into the Boost liquidity when needed, ensuring that your trade is executed at the best possible price with minimal impact on the market.
Profit Sharing: Boost LPs earn a portion of the swap fees for providing this additional liquidity, making it a win-win for both traders and liquidity providers.
Key Benefits of Boosted Swaps
Reduced Slippage: By accessing additional liquidity from Boost LPs, Boosted Swaps reduce the price impact of large trades, ensuring you get the best value for your assets.
Higher Liquidity: Boosted Swaps enhance the overall liquidity available on THORSwap, making it easier to execute large trades without disrupting the market.
Better Pricing: The smart routing system ensures that your trades are executed at the most favorable prices, leveraging the deep liquidity provided by both AMM pools and Boost LPs.
How to Use Boosted Swaps on THORSwap
Using Boosted Swaps on THORSwap is simple:
Connect Your Wallet: Make sure your wallet is connected to THORSwap.
Select Your Assets and Route: Choose the assets you wish to swap. If the asset pair is supported via Chainflip protocol, you can select the route in the dropdown.
Activate Boost: if the Swap Settings toggle displays "Boost Available" then expand the dropdown and choose "Activate Boost".
Execute the Swap: confirm the swap as you normally would. THORSwap will automatically tap into the additional liquidity on Chainflip to speed up your swap (ie. Boost can decrease blocktime for BTC swaps by up to 75%).
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