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Step-by-Step Guide to Using the New Bridge Swap Feature with XY Finance

CoolWallet is excited to collaborate with XY Finance, introducing a revolutionary decentralized bridge swap feature, accessible through both our cold wallet and hot wallet. 

This innovative feature leverages smart contracts to seamlessly facilitate crypto bridging or swapping for our users. Unlike the existing on-chain swap feature provided by 1inch, XY Finance’s crypto bridge solution empowers users to transfer tokens across different blockchain networks or within the same blockchain, enhancing versatility and user experience.

For instance, to exchange 100 USDT on Ethereum for 100 USDC on the same network, users can utilize either XY Finance or 1inch on CoolWallet. However, for converting 100 USDT on Ethereum to 100 USDC on Polygon, XY Finance’s bridge via CoolWallet is your go-to solution.

Here’s an easy step-by-step guide on how to use the bridge swap feature on CoolWallet:

Step 1. Navigate to the Marketplace page and select “Crypto Swap”. Choose the tokens you wish to exchange, ensuring the blockchains for these tokens are correctly selected.

Step 2. If your wallet hasn’t already authorized the sending token for use via XY Finance, you’ll need to complete a one-time approval process.

Step 3. Customize your swap/bridge settings by adjusting the slippage according to your preference. Slippage is the potential difference between the anticipated and actual results of a trade. A higher slippage increases the likelihood of trade success but may lead to a greater price deviation than expected.

On the Order Confirmation and Transaction Confirmation pages, thoroughly verify all details before proceeding.

Step 4. Finalize the authorization, and your transaction will be successfully completed.

Experience a new level of convenience and efficiency in crypto transactions with CoolWallet’s bridge swap feature!

About XY Finance

XY Finance is a cross-chain interoperability protocol aggregating DEXs & bridges.
With the ultimate routing across multi-chains, borderless and seamless swapping is just one click away! For users, XY Finance allows users to swap any token to any token with the most optimal routes, covering various tokens and creating ultra-fast transfers. For developers, XY Finance offers cutting-edge cross-chain API & widget to help projects connect to all 20+ supported chains!

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