What are the best ways to swap DOT for GLMR

you need to XCM DOT to Moonbeam, and then you can swap xcDOT to GLMR on braindex.io here’s a guide on how to XCM DOT from Polkadot to Moonbeam: https://youtu.be/ueZ1-SOcGi8?si=EF3DWpQu-i9l83jh

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12 месяцев назад

Bradley Sokolowski Автор вопроса

turrizt |NEVER DM YOU FIRST
you need to XCM DOT to Moonbeam, and then you can ...

Is braindex the only one or is that the one you recommend?

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
Is braindex the only one or is that the one you re...

nope, you can use stellaswap and beamswap as well

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12 месяцев назад

Bradley Sokolowski Автор вопроса

turrizt |NEVER DM YOU FIRST
nope, you can use stellaswap and beamswap as well

Do they all have the same amount of liquidity or trading volume?

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
Do they all have the same amount of liquidity or t...

nope, but braindex.io - is an aggregator that finds the best route

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12 месяцев назад

Bradley Sokolowski Автор вопроса

How did you find braindex I didn't see it listed on downtown moonbeam website?

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
How did you find braindex I didn't see it listed o...

it’s a project from Moonbeam Accelerator: https://youtu.be/BXFSwjAVcyA?si=TQ-NGERnyWc9WNv5

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12 месяцев назад

Bradley Sokolowski Автор вопроса

turrizt |NEVER DM YOU FIRST
it’s a project from Moonbeam Accelerator: https://...

I like it a lot! :)

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
I like it a lot! :)

haha, yes, it's an amazing aggregator

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12 месяцев назад

Bradley Sokolowski Автор вопроса

turrizt |NEVER DM YOU FIRST
haha, yes, it's an amazing aggregator

When you make a swap on Braindex what fee do you pay in? Dot, xc Dot or glmr?

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
When you make a swap on Braindex what fee do you p...

you pay for gas with GLMR

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12 месяцев назад

Bradley Sokolowski Автор вопроса

If I swap 1000 xcDOT for DOT will I get close to a 1000 DOT?

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
If I swap 1000 xcDOT for DOT will I get close to a...

wydm by swap xcDOT for DOT? xcDOT is a native DOT on Moonbeam

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12 месяцев назад

Bradley Sokolowski Автор вопроса

turrizt |NEVER DM YOU FIRST
wydm by swap xcDOT for DOT? xcDOT is a native DOT ...

If I cross chain.

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
If I cross chain.

if you cross-chain DOT from Polkadot to Moonbeam or vice versa, you will get the same amount of tokens in the destination chain

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12 месяцев назад

Bradley Sokolowski Автор вопроса

turrizt |NEVER DM YOU FIRST
if you cross-chain DOT from Polkadot to Moonbeam o...

How does that work? They both have pools of liquidity?

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
How does that work? They both have pools of liquid...

by cross-chain, do you mean the XCM feature on Moonbeam dApp?

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12 месяцев назад

Bradley Sokolowski Автор вопроса

turrizt |NEVER DM YOU FIRST
by cross-chain, do you mean the XCM feature on Moo...

Yes

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12 месяцев назад

Bradley Sokolowski Автор вопроса

turrizt |NEVER DM YOU FIRST
by cross-chain, do you mean the XCM feature on Moo...

When I use the parachain bridge on moonbeam and go from xcDOT to DOT on DOT network how is it 1:1? If I did one million xcDOT to DOT it would just do it?

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
Yes

nope, XCM is a native cross-chain communication format, so it's a feature of Polkadot that allows native communication with the entire dotsama ecosystem in a fully secure manner

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
When I use the parachain bridge on moonbeam and go...

yeah, ofc, the conversion from xcDOT to DOT is indeed 1:1. this is because xcDOT is a native representation of the original DOT being held in Moonbeam's sovereign account on Polkadot. when you transfer xcDOT back to DOT, the XCM message execution burns the number of xcDOT returned to Polkadot. once burned, the remnant part of the message is sent to Moonbeam via the relay chain. Moonbeam will locally execute the XCM message's, and transfer DOT (the same amount of burned xcDOT) from the target parachain sovereign account to the specified address

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12 месяцев назад

Bradley Sokolowski Автор вопроса

turrizt |NEVER DM YOU FIRST
yeah, ofc, the conversion from xcDOT to DOT is ind...

So the sovereign account of moonbeam has a balance of xcDOT sitting in a wallet?

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
So the sovereign account of moonbeam has a balance...

no, the sovereign account of Moonbeam on Polkadot holds the original DOT tokens. when you transfer DOT to Moonbeam, the XCM message execution on Polkadot transfers the amount of DOT to Moonbeam's sovereign account on Polkadot. then, Moonbeam mints the same amount of xcDOT so, the xcDOT tokens exist on the Moonbeam network, while the corresponding DOT tokens are held in Moonbeam's sovereign account on Polkadot. when you convert xcDOT back to DOT, the xcDOT tokens are burned on Moonbeam and the corresponding DOT tokens are released from the sovereign account on Polkadot

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12 месяцев назад

Bradley Sokolowski Автор вопроса

turrizt |NEVER DM YOU FIRST
no, the sovereign account of Moonbeam on Polkadot ...

Wow. You're a genius

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12 месяцев назад

turrizt |NEVER DM YOU FIRST

Bradley Sokolowski
Wow. You're a genius

haha, happy to help, matey

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12 месяцев назад