Swap tokens

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(Created page with "'''swap tokens''' is a command that swaps an amount of one token for another using a decentralized exchange (DEX). This command is vital for operations dealing with DeFi, whe...")
 
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'''swap tokens''' is a command that swaps an amount of one token for another using a decentralized exchange (DEX).
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'''swap tokens''' is a command that allows you to swap one token for another using a decentralized exchange.
 
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This command is vital for operations dealing with DeFi, where token swaps happen frequently.
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== Parameters ==
 
== Parameters ==
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'''Exchange:''' The decentralized exchange where the tokens will be swapped.
  
'''Exchange:''' The decentralized exchange where the token swap will occur.
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'''Token In ID''': The token you wish to exchange/sell. This can be the symbol of the token or its contract address.
  
'''Token In ID:''' The input token that will be swapped out.
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'''Token Out ID''': The token you wish to get/buy. This can be the symbol of the token or its contract address.
  
'''Token Out ID:''' The output token that will be received from the swap.
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'''Amount:''' The quantity of the 'Token In ID' you wish to swap.
  
'''Amount:''' The amount of the input token to be swapped.
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'''Transaction Info Variable:''' (Optional) This variable is used to retrieve the transaction information after the execution. The default value for this variable is '''#txinfo'''.
 
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'''Transaction Info Variable:''' (Advanced, optional) The variable name where transaction information will be stored. The default value is '#txinfo'.
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== Example ==
 
== Example ==
  
 
<pre>
 
<pre>
swap tokens("Uniswap", "ETH", "DAI", "1")
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ui console view
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config defi wallet("your private key")
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swap tokens("PancakeSwap","BTC","ETH","0.01","#txinfo")
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log object(#txinfo)
 
</pre>
 
</pre>
  
In the example above, the 'swap tokens' command swaps 1 ETH to DAI on the Uniswap network.  
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Please replace "your private key" with your actual DeFi wallet's private key.
 
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== Post-Run ==
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After running this command, '''RecordTxData''' will be executed to record transaction data.
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Be mindful when you are handling your private key. It's a sensitive piece of data that allows full control over your funds in your DeFi wallet. Therefore, never share this key publicly or with anyone.
  
**Please note:**
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This code snippet would swap 0.01 BTC for ETH on PancakeSwap and log the transaction details.
  
Before swapping tokens, ensure you have sufficient balance and approved the DEX to interact with your tokens. Swapping tokens will also incur a gas fee, so ensure you have enough balance of the chain's native token (e.g., ETH for Ethereum-based chains, BNB for Binance Smart Chain, and so on).
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Note: This assumes that you have enough of the token that you're selling for the transaction. It also assumes you have enough of the native token to pay gas fees.

Latest revision as of 02:05, 5 July 2023

swap tokens is a command that allows you to swap one token for another using a decentralized exchange.

[edit] Parameters

Exchange: The decentralized exchange where the tokens will be swapped.

Token In ID: The token you wish to exchange/sell. This can be the symbol of the token or its contract address.

Token Out ID: The token you wish to get/buy. This can be the symbol of the token or its contract address.

Amount: The quantity of the 'Token In ID' you wish to swap.

Transaction Info Variable: (Optional) This variable is used to retrieve the transaction information after the execution. The default value for this variable is #txinfo.

[edit] Example

ui console view
config defi wallet("your private key")
swap tokens("PancakeSwap","BTC","ETH","0.01","#txinfo")
log object(#txinfo)

Please replace "your private key" with your actual DeFi wallet's private key.

Be mindful when you are handling your private key. It's a sensitive piece of data that allows full control over your funds in your DeFi wallet. Therefore, never share this key publicly or with anyone.

This code snippet would swap 0.01 BTC for ETH on PancakeSwap and log the transaction details.

Note: This assumes that you have enough of the token that you're selling for the transaction. It also assumes you have enough of the native token to pay gas fees.

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