Instructions for using Metamask Swap - Will there be Retroactive in the future?
Description of Instructions for using Metamask Swap - Will there be Retroactive in the future?
MetaMask's translated Medium article will give you an overview as well as instructions for swapping on MetaMask.
With the Retroactive craze from DEXs, users are now counting on MetaMask Swap, a DEX product that has not yet launched a token, from one of the most famous Wallet extensions in the crypto world.
The article translated on Medium by MetaMask will give you an overview as well as instructions for swapping on MetaMask.
Currently MetaMask Swap is available on Chrome and Firefox Extensions, in the future will be available on phones and other browsers.
The reason for the birth of MetaMask Swap
Before MetaMask Swap, there were many DEXs born with the enthusiastic support of the community. However, the downside of these DEXs is the high price due to slippage due to insufficient liquidity, or the exchanges do not have the best prices at the time of trade.
In addition, users will have to check all exchanges manually to find the best price, and of course find the exchange that has the token they need to trade. And next is to approve the token for each transaction, which costs a lot of gas fees.
By integrating the largest liquidity sources in the ecosystem - including Uniswap, AirSwap , 0x API, 1inch.exchange, Paraswap, Totle and dex.ag - MetaMask Swaps allows users to access all liquidity sources decentralized in one place.
With a focus on user experience, the project also prioritizes security with smart contracts that have been audited by ConsenSys Diligence.
Advantages of MetaMask Swap
Find the best price : MetaMask will automatically search on partnered sources where there is sufficient liquidity with the best price for the user. A service fee of 0.875% is automatically charged to each quote, supporting the ongoing development process to make MetaMask even better.
Less Approval : With MetaMask Swap, users only need to approve each token once, reducing gas costs and shortening the path to swap execution.
Reduce gas fees : Each DEX source will have a separate gas fee calculation mechanism. MetaMask Swap will source the best prices and determine where is the most efficient for trading.
Limit slippage : MetaMask swap will limit slippage by spreading transactions across all DEXs, so users will be less prone to slippage due to lack of liquidity.
Instructions for using MetaMask Swap
- Open the MetaMask extension on Chrome or Firefox.
- Click on “ Swap ” next to “ Buy ” and “ Sell ”.
- Select the token the user wants to swap, then click “ Get quotes ”.
- Wait for MetaMask to find the best price.
- Click Swap, and wait for the transaction to succeed.
Tips to increase your chances of getting Retroactive
Through Retroactive batches from 1Inch, Uniswap, SDT,... I have compiled some tips to help you increase your chances of getting Retroactive from DEXs:
- It is recommended to execute at least 4-5 swap orders.
- Each swap has a value ($100 or more to be sure).
- Use Coin98 Wallet to improve gas fees, as well as shorten transaction times.
- Extremely strong note: After receiving Retroactive, if you have finished discharging, delete all memories of it, if it increases later, it will not be sad that fomo buys it back.
Besides DEX exchanges, some projects also airdrop for users to donate via Gitcoin, so you can read and learn about the activities here .
summary
Through this article, I think you already know how to use and the benefits of MetaMask Swap. What do you think about this new function of MetaMask? Will there be Retroactive of MetaMask for users in the future?
