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Basic terms

Understand swap and bridge terminology

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.

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