Internal Swaps

Liquidity providers that already have funds on Chainflip can initiate swaps (called “internal swaps”) directly from their account balance. The output of a successful internal swap (as well as any refunded amount) is credited directly to the user’s account balance. Because internal swaps don’t require any interaction with external chains, they come with a number of benefits:

• Internal swaps are faster to initiate since the funds are immediately available (note, however, that the standard 2 block delay between scheduling and executing a swap is still applied).
• Internal swaps are cheaper since the user does not pay the ingress and egress fees.

To initiate a swap the user can use the lp_schedule_swap API.