Term | Definition |
Swap | Exchange one token for another within the same blockchain. |
Bridge | Move tokens between different blockchains. |
Route | The provider-defined path your tokens take - including bridge and decentralized exchange (DEX) hops. |
Provider | The third-party service executing the swap or bridge (such as Li.Fi, Relay, Symbiosis). |
Approval | On EVM chains, this is the permission given to a smart contract to move a specific token. |
Slippage | The acceptable difference between expected and final output due to market changes during execution of the swap or bridge. |
Basic terms
Understand swap and bridge terminology
Updated over a month ago