Yellow Network Unlocks Cross-Chain Swap Capabilities in Yellow Wallet
Yellow Network has upgraded its Yellow Wallet by integrating Fusion Swap technology from 1inch, delivering a seamless and secure cross-chain token swapping experience with built-in protection against excessive fees.
1inch, a prominent decentralized exchange (DEX) aggregator, is known for optimizing trades by pulling liquidity from multiple platforms to ensure users get the most favorable rates across various blockchains. Its Fusion Swap technology marks a major improvement for decentralized finance (DeFi) users, as it leverages a specialized execution model that safeguards traders from front-running and sandwich attacks. The system also enhances swap efficiency by intelligently routing transactions through the best liquidity pools available.
With this integration, Yellow Wallet users can now swap tokens across different blockchains directly from their wallet balance. The swap process is simple: select the token you want to swap and its blockchain in the "From" field, then choose the destination token and blockchain in the "To" field.
For first-time usage, token approval is required before initiating swaps. After approval, users can proceed with trades by clicking "Execute Swap." The wallet also provides estimated fees upfront to ensure users are fully informed before confirming their transactions.
"Only successful swaps incur feesusers pay nothing if the transaction fails," noted a Yellow Network spokesperson. "If the swap isn't completed within 10 minutes, all funds are automatically returned."
Additionally, Yellow Wallet now offers a transaction history feature, showing users the latest 10 swaps with clear categorization between same-chain and cross-chain transactions. Each entry includes detailed status updates for transparency.
Its important to note that this service is restricted in certain jurisdictions such as the United States, Iran, North Korea, and other territories under sanctions. Attempts to bypass these restrictions via VPNs or other methods are strictly prohibited.
If swapped tokens don't appear immediately in a users wallet, Yellow Network advises using the "Import assets" feature, where users can manually add tokens by inputting their contract addresses.
Text source: Bitrates.com Feed
