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Original title: “MetaMask Exchange Function Experience”
Written by: Yao Xiang, Head of MYKEY Research Department
MetaMask has launched the “Swap” function in the new version, let us experience it first.
The new feature is currently only available in Firefox extensions, but soon other browsers and mobile wallet users will also be able to use it.
1. Open the wallet
I opened the wallet and found that a “redeem” button was added in addition to purchasing and sending.
2. Click to redeem
Click Exchange, you can see the exchange page of the introduction, you can choose the original currency and target currency. We choose ETH/ANT trading pair.
3. Fill in the order
You need to fill in the number of original currencies, and you can fill in the maximum acceptable slippage in the advanced options. But unlike the Uniswap experience, the number of target currencies cannot be set directly.
After clicking Get quotes, start quotes. MetaMask will request prices from dex.ag exchanges or aggregators such as Uniswap, AirSwap, 0x API, 1inch.exchange, Paraswap, Totle, etc.
5. Price comparison
Finally, after comprehensively comparing prices and transaction fees , MetaMask will give the best offer. Users can also customize other prices, but cannot see the specific quotation source.
It can be seen from the transaction that the path of Uniswap was finally chosen. And 0.0007 of 0.08Ether was sent to the rebate account, the ratio was 0.875%.
The commission account has received hundreds of ETH and ERC-20 commissions accumulated over 100 USD after the exchange function was launched.