Swap

How it works
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.
Leverage Swap
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
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
For simple cases such as USDC → some other coins, such as SOL/BTC :
​MaximumLeverage=11−LTVTargetCoinMaximumLeverage=\frac 1 {1-LTV_{Target  Coin}}MaximumLeverage=1−LTVTargetCoin​1​
​
You can check out the LTV of each supported asset from Assets supported.
​
 
Boundary Example 4
Boundary Example 5
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
In the Example 4, the maximum leverage is 1 / (1 - 80%) = 5x leverage.

	Successful Example 1	Successful Example 2	Successful Example 3
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

	Boundary Example 4	Boundary Example 5
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

Interest Rate Curve

Next - Protocol Parameters

Trading

Last modified 1yr ago