Swaps
Swaps are the most common way of interacting with the Proxyswap protocol. For end-users, swapping is straightforward: a user selects an ERC-20 token that they own and a token they would like to trade it for. Executing a swap sells the currently owned tokens for the proportional(1) amount of the tokens desired, minus the swap fee, which is awarded to liquidity providers(2). Swapping with the Proxyswap protocol is a permission-less process.
https://docs.uniswap.org/concepts/protocol/swaps#introduction
Price Impact
To understand price impact of swaps in more detail, consult the Uniswap documentation:
https://docs.uniswap.org/concepts/protocol/swaps#price-impact
Slippage
To understand slippage in more detail, consult the Uniswap documentation:
https://docs.uniswap.org/concepts/protocol/swaps#slippage
Safety Checks
To understand safety checks in more detail, consult the Uniswap documentation:
https://docs.uniswap.org/concepts/protocol/swaps#safety-checks
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