Trading the Market
Defly enables painless and user-friendly trading with an extensive suite of features – vPools, auto-routing, and combo swaps – that will empower you to trade the market to the best of your ability.

vPools & Auto Routing

vPools aggregate all the DEXs across the ecosystem and auto-routing automatically selects the best price possible on your swaps. This experience is optimized to be as seamless and user-friendly as possible.
When you click into a vPool and select “Buy,” you will be auto-routed to the best price across all DEXs automatically after price impact and fees are taken into account:
You can view the other routes considered by selecting the "i" icon next to "Best route".
You can use this feature to take advantage of arbitrage opportunities across DEXs by manually purchasing assets on a discount on one DEX, and selling them at true market price on another.
Defly will continue to integrate DEXs as they go live to ensure you always receive the best price possible on your swaps.

Combo Swaps

Combo swaps aggregate Defly’s integrated DEXs together to produce an optimized swap across them. Combo swaps produce “negative fees” – or combo gains – since any of the fees you pay will be negated by how much more you gain on your combo swaps.
Combo swaps are suggested when they’re the best option for the trader. Combo gains typically increase with swap amount:
Combo swaps help to mitigate overall price impact by aggregating all available liquidity together to increase the depth of an asset pairing.

Navigating Swaps

When making a swap, it is important to keep the following in mind: the price impact and pool liquidity.
The price impact is the influence your trade has on the overall market price of an asset pair. If the price impact is high, you may lose a significant amount of your funds:
As you can see from the example above, as the buy amount of $DEFLY increases, its market price increases as well. This increase in market price results in the trader receiving less $DEFLY.
This is due to a high swap amount in relation to the pool liquidity. After every swap, DEXs calculate a new exchange rate between assets. If the swap amount is high when compared to the liquidity available, the price of an asset will increase due to more demand than supply.
You can monitor pool and vPool liquidity directly from the swap screen to ensure the pool you’re trading into is deep enough.
Make sure to keep an eye on both price impact and vPool liquidity to ensure you’re maximizing your trades.
Before executing a swap, you can check the market sentiment by reviewing the order book or latest chart under "Market sentiment":
You can switch between market sentiment and charting by modifying your "Recent market view" in Preferences.

Executing Swaps

To initiate a swap, either click on an asset pairing from the vPools tab or navigate directly to the Swaps tab and manually input the pairing you want to swap:
Once you’ve finalized your swap, select the “Swap” button:
Before executing your swap, you can check the estimated fees by clicking the ‘i’ icon next to fees. Once you’ve reviewed and validated the fees, you can execute the swap by swiping right to confirm and sign the transaction:
Defly auto-opts into assets and redeems excess funds during swaps.
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On this page
vPools & Auto Routing
Combo Swaps
Navigating Swaps
Executing Swaps