Token swapping allows users to exchange one cryptocurrency for another directly on the Shiga platform. This process is essential for trading, liquidity provision, and cross-chain transactions. Shiga’s swap feature supports multiple blockchain networks, ensuring fast, secure, and cost-efficient trades.

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Key Features of Shiga’s Swap Functionality

Multi-Chain Support – Swap tokens across Ethereum, Optimism, Base, and other supported networks.
Verification – Enhanced security with OTP (One-Time Password) authentication using Authenticator app or email.
Real-Time Rates – Dynamic and cheap real-time rate.
Gas Fee Optimization – Smart estimation for cost-effective transactions.
Transaction Tracking – Real-time progress updates from initiation to completion.

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Step-by-Step Token Swap Process

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Access the Swap Interface

  1. Log in to your Shiga account (web or mobile app).
  2. Navigate to the Swap section.

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Select Tokens & Enter Amount

  1. From (Source Token):

    • Choose the token you want to swap (e.g., USDT).
    • Enter the amount manually or click MAX to use your full balance.

  2. To (Destination Token):

    • Select the token you wish to receive (e.g., ETH, SHIGA, or another stablecoin).

  3. (Optional) Send to another address – Enable if swapping to a different wallet.

    Verify token compatibility (cross-chain swaps may require bridging).

    Review exchange rate and estimated fees before proceeding.

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Authenticate via Email (OTP Verification)

  1. A 6-digit code will be sent to your registered email or Authenticator App
  2. Enter the code in the verification pop-up.
  3. Click Approve to confirm the swap.

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Track Swap Progress (Cross-Chain Swaps)

For swaps involving blockchain bridging e.g., USDT(Base) → USDT(Optimism)

  1. Confirmed in Wallet – Initial approval.
  2. Confirmed in Base Chain – Processing.
  3. Bridged – Moving across networks.
  4. Sent to Destination Chain – Finalizing.
  5. Completed! – Funds arrive in your wallet.

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Swap Completion & On-Chain Verification

Once completed:
Swapped Amount displayed (e.g., 0.000187USDT).
Transaction Hash – Click “View On-chain” to verify on a block explorer.
Option to Swap Again – Initiate a new trade instantly.