💰Swap
Last updated
Last updated
Aries Markets allows swapping for any Aptos assets and many more through HippoLabs trade aggregator.
This swap checks price and routes among various Automated Market Maker (AMM) behind the scene to ensure users automatically trade with the best rates in the Aptos ecosystem.
Check Hippo documentation to further understand the mechanism of Smart Routine.
Aries Swap enables you to swap across assets that are listed.
Please note that liquidity for each pair varies, and one should always account for slippage and price impact.
The Aries Swap product is built upon our Aries Lend, which means users can utilize Aries Swap to swap assets they not yet hold and gain leveraged exposure on assets. The funds that are deposited into Aries can also be used to swap and trade on various AMM markets.
By toggling on ”Allow Borrowing”, you will be able to borrow any token from Aries Lend pools directly and gain additional long exposure to trade.
Below are some examples:
Successful Example 1 | Successful Example 2 | Successful Example 3 | |
---|---|---|---|
For simple cases such as USDC → some other coins, such as SOL/BTC :
You can check out the LTV of each supported asset from Assets supported.
In the Example 4, the maximum leverage is 1 / (1 - 80%) = 5x leverage.
Boundary Example 4 | Boundary Example 5 | |
---|---|---|
Before Swap
Deposit: 50 USDC
Loan: None
Deposit: 50 USDC;
20 USD worth of BTC
Loan: None
Deposit: 50 USDC
Swap
Buy SOL
100 USDC
borrowed
⇒ 100 USD worth of SOL
Buy BTC
50 USDC
deposited + 50 USDC
borrowed = 100 USDC
⇒ 100 USD worth of BTC
Sell Aptos
100 USD worth of Aptos
borrowed
⇒ 100 USDC
After Swap
Deposit: 100 USD worth of SOL
Loan: 50 USDC
Deposit: 120 USD
worth of BTC
Loan: 50 USDC
Deposit: 150 USDC
Loan: 100 USD worth of Aptos
Maximum borrow
value
100 USD * 80% = 80 > 50
120 USD * 80% = 96 > 50
150 USD * 90% = 135 > 100
Before Swap
Deposit: 50 USDC
Deposit: 50 USDC;
100 USD worth of BTC
Swap
Buy SOL with USDC
50 original
+ 200 borrowed
= 250 USDC
⇒ 250 USD worth of SOL
Buy SOL with BTC
100 USD worth of BTC
deposited + 625 USD worth of BTC
borrowed
= 725 USD worth of BTC ⇒ SOL
After Swap
Deposit: 250 USD worth of SOL
Loan: 200 USDC
Deposit: 50 USDC
,
725 USD worth of SOL
Loan: 625 USD worth of BTC
Maximum borrow
value
250 USD * 80% = 200 ≤ 200
50 USD * 90% + 725 * 80% = 625 ≤ 625