How do I swap assets?

Step 1 - On Valora’s Home screen, tap on the green Swap button.

Step 2 - Enter your swap details:

  1. Select the assets you want to swap.
  2. Input the amount you want to swap in either the From or To box. The corresponding amount will automatically populate the other box. This might take a few seconds. 
  3. Tap Review.

Step 3 - Complete Swap

  1. Review the details.
    Note: Transaction fees are paid using the Celo native asset with the highest balance in your account.
  2. Tap Complete Swap.
    The transaction will appear in your activity feed. This may take a few minutes.

 

FAQ

Why are some assets unavailable to swap?

An asset is unavailable to swap if there is no router available for that asset. Routers power swaps in the backend of the Valora app. A router defines how swaps are carried out and may include multiple swaps in order to obtain the desired asset.

How can I swap unavailable assets?

For assets not listed, you can use a decentralized exchange (DEX) dapp. You can find dapp options by going to Menu > Dapps and selecting a dapp listed under the Swap section.

What does Valora use to facilitate swaps?

Valora is only an intermediary in your swap. Valora compares rates from multiple routers, such as 0x, SquidRouter, and OpenOcean, to find you the best exchange rate across several decentralized exchanges. Valora does not provide the liquidity, execute the trade, or sell you tokens.

Why did my swap fail?

Your swap likely failed due to slippage, which means that the price you were quoted is no longer available. Slippage occurs because of the volatility of the markets, which causes prices to change constantly. If your swap fails, please try again after a few minutes.

If you are using the Max button and your swap is failing, enter your max amount minus 0.01, then try again.

Why am I getting an unfavorable exchange rate?

Unfavorable exchange rates are usually the result of low liquidity for the asset pair you're trying to swap. This creates higher price volatility. 

Another reason might be low liquidity through poor routing from the swap provider using a pool with low liquidity. Routing refers to the series of swaps to convert your asset to your desired asset. For example, swapping from mCREAL to cUSD may require an intermediary swap to CELO. The routing would then be mCREAL > CELO > cUSD. One of these swaps may include a pool with low liquidity.

You can seek a better rate by using another exchange or DEX/dapp, or waiting and trying again later.

Why does Valora allow unfavorable exchange rates?

Sometimes, users may choose to swap an asset despite the exchange rate issue. To provide users with as much autonomy over their assets as possible, Valora does not prevent these swaps. All users need to do their research and carefully review all details before completing a transaction.

The Swap page is unavailable in the UK, Singapore, the Philippines, and Japan due to regulatory restrictions. 

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