Spot Swaps

Apart from borrowing GLP assets for margin trading, traders can also use the liquidity to exchange one asset for another within the GLP pool.

One distinguishing feature of Golden Finance is the ability for traders to conduct spot swaps without experiencing slippage, setting it apart from other Automated Market Makers (AMMs).

Unlike conventional AMMs, the weightages of assets in the GLP do not influence or determine the assets' prices.

You can find out more about GLP asset pricing here

By swapping on Golden Finance, users pay a Swap Fee (0.20% - 0.80%). The fee paid depends on how asset balances change after the swap.

For example:

GLP Asset Balance	Action	Effect on asset in GLP Pool	Swap Fees
Overweight ETH Underweight USDT	Swap USDT for ETH	ETH Balance Increases	Higher
Overweight USDT Underweight ETH	Swap ETH for USDT	USDT Balance Increases	Lower