Disclaimer : The swap feature available through Gnosis App is powered by CoW Protocol, a decentralised DEX aggregation we do not own, control, maintain or audit. For more information, see cow.fi. By proceeding, you acknowledge that its use is at your own risk and that you have read our Terms (Third party services).
In cryptocurrency, a swap usually means exchanging one digital asset for another directly, such as trading xDAI for GNO. It uses a liquidity pools instead of traditional orderbook.
The term can also refer to swapping assets across different blockchains, migrating old tokens to new versions during a project upgrade, or advanced trading products like perpetual swaps used for speculation.
When doing a crypto swap, users should pay attention to gas fees, slippage, liquidity, and the risk of scams or bridge vulnerabilities.
On Gnosis App, you can swap by doing the following step :
Tap Wallet
Tap Swap
Select the token you own for swapping
Select the token you intend to receive
Confirm the Swap