@BenChainsi
iAccount based inNigeria!
About this account
- Account based in
- Nigeria
- Connected via
- Nigeria Android App
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Blockchain enthusiast UniLend AI Agents Hub🚀
Joined November 2022
- Tweets3.3K
- Following108
- Followers76
- Likes6.1K
I also check the project’s official channels and look at the token’s available pool and liquidity information on @ston_fi.
These checks give me more information about the asset and its trading conditions before I commit any funds.
My basic check on @ston_fi is
Contract address
Official source
Security information
Project channels
Pool & liquidity
I don’t assume a token is real because the name or logo looks familiar.
I verify the address first.
After using cross chain swaps on @ston_fi, I’ve learned that there are a few things I should always check before confirming.
It’s easy to focus only on the amount I want to receive but there’s more to a cross chain swap than that.
Before confirming, I check that my wallet supports the destination network and token.
I also make sure I have the required gas for the relevant network.
@ston_fi can handle the swap but my wallet still needs to be ready to receive and use the destination asset.
Finally, I recheck the live quote immediately before signing.
Cross chain conditions can change, so I don’t rely on an earlier quote.
My checklist on @ston_fi is simple
Source - Destination - Output - Fees - Route - Wallet - Gas - Live Quote.
Then I confirm.
Replying to @BenChains @ston_fi
The size of your trade matters.
A smaller trade relative to the available liquidity will have a lower Price Impact on @ston_fi.
A larger trade relative to the same liquidity can have a higher Price Impact.
The pool's depth determines how much your trade can move its price.
Before confirming a swap, the @ston_fi swap preview provides information about the expected outcome, including the Price Impact field.
Paying attention to this figure helps you understand how much your own trade is affecting the pool price.
Price Impact is not something that only happens to large traders.
Every swap interacts with available liquidity but the effect can be very small or more noticeable depending on the trade size and pool depth.
@ston_fi makes this information visible before you confirm your swap.