PowerSwaps

PowerSwaps are much quicker than Swaps. They allow you to trade a PowerSwap-compatible asset with a different PowerSwap-compatible asset. You enter the amount you want to sell, and the amount that you’ll be buying is automatically selected, determined and guaranteed by a dedicated market maker.

1. Select the Workspace where the Vault you want to PowerSwap assets from is located.

2. Click New transaction and go to Swap.

3. Under Select sell source, choose the Vault you want to sell the PowerSwap-compatible assets from, and enter the amount you want to swap. Look for a purple lightning icon indicating PowerSwap compatibility.

4. Turn on Activate PowerSwap.

5. Under Select buy destination, choose the Vault you want to receive the swapped asset in. The amount of the asset that you’ll be buying is automatically selected, determined and guaranteed by a dedicated market maker.

6. Change the default Expiry, Reference, and Note, if you wish to do so, and click PowerSwap.

7. Select Continue PowerSwap.

8. Be sure to check the new swap exchange rate (it’s dictated by the dedicated market maker and it may change over time).

9. If you’re happy with the swap, select Execute PowerSwap.

Once the PowerSwap has been initiated, you’ll be prompted to approve it. After this is done, your Approvers will be prompted to allow the PowerSwap through. Depending on the set threshold (this is dictated by the Policy that governs the Workspace/Portfolio), the PowerSwap will be ready for execution once it has been approved.