Swap

Sunrise's Swap feature is a powerful tool for directly exchanging tokens across different blockchains. It utilizes IBC and other cross-chain technologies to provide a seamless asset exchange experience.

The swap page has two main functions:

• Inter-Blockchain Swap: Exchange assets between different chains (e.g., Cosmos, Ethereum).

• vRISE: Convert vRISE tokens to RISE tokens.

It also provides a feature to check your past transaction history.

Inter-Blockchain Swap

This is the standard swap feature in Sunrise. You can exchange your desired tokens between various supported blockchains.

How to Perform a Swap

1. Select Source and Destination:

   • In the From field, select the asset you want to swap and the blockchain it's on.

   • In the To field, select the asset you want to receive and its blockchain.

2. Enter the Amount:

   • When you enter the amount of tokens you want to swap in the From field, the amount of tokens you will receive is automatically calculated and displayed in the To field.

   • Conversely, you can also enter the desired amount in the To field to calculate the required amount of the source token. (This reverse calculation may not be available for some routes, such as those involving EVM chains).

3. Check Rate and Details:

   • After entering an amount, the current exchange rate is calculated. You will be notified upon successful calculation.

   • Note that this rate is an estimate and may change by the time the transaction is included in a block.

4. Confirm the Swap:

   • Review the details and click the "Swap" button to approve the transaction. Wallet connection and approval are required.

Notes and Errors

• Fees: Swaps may incur fees. Standard IBC transfers between chains within the Cosmos ecosystem typically do not have relay fees. However, for swaps with chains outside of Cosmos, such as Ethereum, a relay fee is incurred as it uses "IBC Eureka" from Skip Protocol. This fee is automatically included in the rate calculation.

• Calculation Error: If you see a "Failed to calculate swap rate" error, the amount you entered may be too low to cover the fees or too high for the liquidity pool's capacity. Try a different route or adjust the amount.

• Clear Function: The "Clear All" button resets all the information you have entered.

Transaction History

You can view your past swap transaction history in a side panel by clicking the "View History" button in the upper-right corner.

• Display: Shows the source and destination chains, assets, transaction hashes, and timestamps.

• Explorer: Each transaction hash is a link to the corresponding blockchain explorer for more details.

• Clear History: Clicking the trash can icon allows you to delete the locally stored history. (This does not erase the on-chain record).

vRISE to RISE Conversion

This is a dedicated feature for converting vRISE tokens to RISE tokens on a 1-to-1 basis.

• Purpose: Use this to convert vRISE obtained from staking or other activities back into tradable RISE.

• How to use: Enter the amount of vRISE you wish to convert and click the "Convert vRISE to RISE" button.

• Direction: This conversion is one-way only, from vRISE to RISE.