Introducing Insta-Swap
Ratio Finance is thrilled to introduce Insta-Swap to the Solana Ecosystem. Insta-Swap allows users to seamlessly swap tokens into supported LP positions which may then be deposited onto the Ratio Finance platform for additional leverage. Insta-Swap also offers a variety of other yield-bearing positions via its forthcoming SDK. In other words, a number of Wallets and Multisigs will soon be able to seamlessly integrate our functionality of instantly depositing into LP tokens and other products meant to generate yield.
With Insta-Swap a user can:
- Automatically swap any token into yield-bearing LP using Jupiter Swap
- See wallet balance of token to be swapped
- See estimated LP from the swap
- See wallet balance of LP tokens before and after swap
- Set slippage tolerance for trades
Insta-Swap sells selected tokens for a 50–50 split of the underlying assets that comprise the desired LP token. It then provides these assets to the corresponding Liquidity Pool to obtain LP tokens that are sent directly to the user’s wallet. Any tokens not utilized in the initial split will remain in the user’s wallet.
Insta-Swap is built on top of Jupiter. We are grateful for their contributions to advancing the Solana DeFi ecosystem.
Try it out on our platform.
What this means for Ratio:
Our users can seamlessly swap any SPL token into any position that we accept as collateral to mint USDr against. You can even use your USDr to swap into your chosen position directly from our app.
This makes relevering on positions significantly easier. In the future, direct minting of USDr from Insta-Swaps will be made available on our platform. As new forms of collateral become available on our platform, they will instantly be made available for swapping on the Insta-Swap.
What this means for Solana:
We are making our Insta-Swap open source via our developer’s SDK. Multisigs and Wallets will be able to use our Insta-Swap to easily swap into a variety of yield bearing positions, and soon will be able to automatically mint USDr against them. Ratio Finance intends to introduce new vaults and positions for users to swap into. All partners of our integration will also benefit from the Ratio Risk Ratings, which help users visualize the risks associated with various positions.
Developers on Solana should keep an eye out for upcoming grants for developing on top of the Ratio Insta-Swap SDK.
If you are interested in integrating our Insta-Swap features, please reach out to us at team@ratio.finance.
Ratio Finance’s mission is to enhance liquidity and De-Risk DeFi, to allow both retail and institutional investors to participate in these novel markets.
Our long-term vision is to be the Risk Rating Agency for all of Decentralized Finance.
