CorSwap
A new trading market that magnifies the trading volume of the entire crypto market
What Is CorSwap?
CorSwap is an important part of the premium trading process, offering two-way swapping functionality between corToken and pair token . This enables users to conveniently convert their held corTokens into targeting tokens, or swap them for any corTokens they need. To cater to the diverse needs of users, corSwap supports quick identification and execution of the desired swap by searching for the token's name or contract address.
Designed with a focus on user experience, corSwap offers a high degree of operational flexibility. When conducting a swap, users can freely choose their desired exchange ratio, including 25%, 50%, 75%, or even the maximum available balance (max). This flexible selection mechanism allows users to precisely manage their asset allocation according to their investment strategy and market conditions.
The Differences Between CorSwap And Cross Swap
Liquidity Composition
Cross Swap: Aggregates liquidity from DEXs and aggregators on chains and provides users with optimized trading routes and quotes. Coral Finance does not own any liquidity on Cross Swap. This is the gateway to Premium Trading.
CorSwap: A new market that enables swaps between corTokens and pair token. The liquidity for each corToken comes from LPs.
Fees
Cross Swap: Fees vary depending on routes and protocols. Besides protocol trading fee, a bridge fee is also charged.
CorSwap: Only trading fee is charged. No other fees involved.
Transaction Speed
Cross Swap: It depends on the network conditions and algorithm of the aggregators and protocols. In some cases, finding the best route may slightly increase transaction confirmation time.
CorSwap: Since it operates within Coral Finance and does not involve cross-chains or multiple DEXs, transactions are faster, more direct and efficient.
Price Impact
Price Impact is the change in token price directly caused by your trade. Price Impact is reflected as the difference between the current market price and how your trade impacts the total liquidity in a pool.
The price impact you experience depends on the size of the liquidity pool. When the pool has high liquidity, your trade may have a smaller price impact. When the pool has low liquidity, your trade may have a larger price impact.
Therefore, the larger the price impact, the worse overall price you may receive. Itβs important to remember that the price impact rate changes constantly, because the total value of a liquidity pool changes based on the supply and demand of each token.
Price Impact vs. Price Slippage
Price Impact and Price Slippage are two common terms used to describe the outcome of a change in price when swapping cryptocurrency.
It is important to note that these terms do not mean the same thing.
Price impact is the change in token price caused by your own trade, while price slippage is the change in token price caused by the total movement of the market.
Price Impact
The change in token price directly caused by your trade. Price Impact is reflected as the difference between the current market price and how your trade impacts the total liquidity in a pool.
Price Slippage
The change in token price caused by the total movement of the entire current market. Price Slippage is reflected as the difference between the price you expect to receive after swapping vs what you actually receive after the swap is complete.
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