How to swap Stablecoins on Shiga
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.
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.
Step-by-Step Token Swap Process
Access the Swap Interface
Log in to your Shiga account (web or mobile app).
Navigate to the Swap section.
Select Tokens & Enter Amount
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.
To (Destination Token):
Select the token you wish to receive (e.g., ETH, SHIGA, or another stablecoin).
(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.
Authenticate via Email (OTP Verification)
A 6-digit code will be sent to your registered email or Authenticator App
Enter the code in the verification pop-up.
Click Approve to confirm the swap.
Track Swap Progress (Cross-Chain Swaps)
For swaps involving blockchain bridging e.g., USDT(Base) → USDT(Optimism)
Confirmed in Wallet – Initial approval.
Confirmed in Base Chain – Processing.
Bridged – Moving across networks.
Sent to Destination Chain – Finalizing.
Completed! – Funds arrive in your wallet.
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.