Product Updates and News
Oct 7, 2024
A great swaps experience is fundamental for any Bitcoin wallet. Users need efficient token swaps without the complexities that often come with manually selecting exchanges or routes. A smooth swap experience doesn’t just save the user time; it also empowers wallet users to maximize the value they get from their assets.
In a decentralized ecosystem, this level of flexibility is essential. It’s why we’ve integrated with Bitflow Finance to give Leather users a chance to experience fast and secure swaps in-app.
What is Bitflow Finance?
Bitflow Finance is a decentralized exchange (DEX) designed specifically for Bitcoin users. The DEX gives users a powerful aggregator and trading platform. This ensures that users get the most value from their trades with a focus on retaining complete control of their Bitcoin holdings.
Leather users who connect to Bitflow can do the following:
Utilize Bitflow’s DEX Aggregator: Automatically find the best swap rates by aggregating liquidity across multiple DEXs and liquidity pools, generating over 37,000 routes
Swap tokens: Trade native BTC, SIP10s, Runes and Bitcoin assets
Trade stablecoins: Take advantage of deep liquidity pools optimized for minimal slippage and fees
Contribute to liquidity pools: Add or remove liquidity without needing to supply equal amounts of two different assets
Earn real yield: Earn real yield as a liquidity provider on trading activity
Those Bitflow features are available for users thanks to the DEXs integration of technologies like PSBTs, the Stacks Bitcoin L2, and more for a truly decentralized and self-custodial DEX experience for BTC users.
Increased User Experience: Scalable, Cross-Protocol Swapping with Bitcoin in Leather
Swaps have become a key feature in Leather, allowing users to swap between BTC, STX, and Stacks contract tokens directly within the wallet extension. Our integration with Bitflow adds to our existing in-app swaps feature by giving users the following:
Optimized token swaps with best route selection
Token swaps will now automatically default to the best route, giving users the most efficient swap transaction possible at any time. Leather will default to the optimal route for the swap, which saves users time and fees.
Enhanced swap confirmation screen
Along with the best route possible for their swaps, we’ve also implemented a swap confirmation screen that reveals the entire token route involved in a swap. This includes any DEX hops that might be involved and the flow of their tokens during the swap.
This additional layer of transparency ensures that users can see how, exactly, their transaction is being executed while providing better insight into the mechanics of their swaps.
Access to more tokens
With Bitflow, Leather users can access more tokens and swap options. The integration lets users swap tokens that can be found across ALEX, Arkadiko, and Velar, expanding the available token pool. This gives users more flexibility and choice, especially for those looking to explore more of the Stacks ecosystem.
How to Use Bitflow Finance with Leather
Currently, there are two ways Leather users can access token swaps on Bitcoin: on the Bitflow platform itself and through the Leather extension thanks to the integration.
Connect to Bitflow with Leather
Connecting your Leather wallet to Bitflow only requires a few steps that are more generally outlined in our “Connect to dApps” guide.
Once you launch the Bitflow app, click on the “Connect Wallet” button to proceed. Select “Leather” from the list of wallets and the account you’d like to use. After you’ve confirmed the connection, you’ll be able to access the entire Bitflow app interface to start conducting swaps using the tokens available in Bitflow’s liquidity pools.
Swap tokens in-app
To swap tokens using the Bitflow SDK in Leather, start by clicking the “Swap” button in your extension. Select the asset you’d like to swap (along with the amount you’d like to swap) and the asset you’d like to receive in the dropdown menus.
When you’re asked to confirm the swap details, make sure that you take note of your swap route and other details like slippage tolerance and liquidity provider fee associated with your transaction.
To proceed with the swap, click the “Swap” button to begin the transaction. Like every transaction you conduct in Leather, you’ll be able to view your transaction activity in the “Activity” tab.
Better Pricing on Swaps and More Token Options
By integrating Bitflow, Leather users gain access to a more secure and versatile platform for swaps that also comes with additional token options. Our improved feature, as a result, gives users a token swap experience that focuses on transparency and efficiency, cutting down on the time and fees normally associated with swaps.
Of course, swaps are just one part of Leather’s bigger vision to bring the most comprehensive Bitcoin wallet experience to users. As more DeFi protocols appear on the Bitcoin blockchain, users will need a wallet that can properly connect and integrate additional DEXs in a user-friendly way that encourages – not hinders – their exploration of the wider Bitcoin ecosystem.
