Swap Foundation

Prepare stable-value routing before real swaps

A safe foundation for converting ADA support into a stable asset such as USDCx — quote model, route model, slippage/risk, and wallet/network readiness. Nothing here executes.

Swap readiness preview only. No real swaps, no transaction built, no transaction signed, and no ADA moved.

Protecting funding value, later

Normal builder campaigns may later convert ADA support into a stable asset such as USDCx — but only after an approved contribution/settlement flow, behind a future DEX adapter, with human review. This page previews the quote, route, and readiness model; it executes nothing. Governance deposit pools are different: ADA stays ADA and is never converted (see governance pools).

Demo quote

Preview only

You contribute

1,000 ₳

Estimated USDCx

≈ 450 USDCx (demo)

Oracle reference: Mock ADA/USD reference — demo, not a live oracle read
Slippage tolerance: 0.5% (preview default)
Execution: Disabled
Settlement: Not live

Illustrative demo only. A quote preview is not an executable swap.

Wallet / network

Not connected

No wallet connected.

Read-only. No swap is prepared, no transaction is built, and nothing is signed.

Route readiness checklist

What a real swap would require. Every risky check is preview, not live, or disabled today.

Wallet / network

preview

Read-only wallet connection only. Execution is disabled on mainnet; prefer preprod/preview for testing.

Oracle reference

preview

Uses a mock ADA/USD reference. A live read is gated and not enabled.

DEX route

not live

No DEX adapter is wired and no route is contacted.

Liquidity

not live

No real liquidity is read or reserved.

Slippage within limit

preview

A conservative preview tolerance is shown; no live slippage is computed.

Transaction build approved

disabled

No transaction is built, signed, or submitted.

Admin / operator gate

not live

A human review/approval gate would precede any execution. Not live.

Preview only — nothing here is live

No real swaps are executed.
No transaction is built, signed, or submitted.
No external DEX is called and no liquidity is read.
No custody of funds and no settlement.
Governance deposit pools are excluded — there, ADA stays ADA.

Why swaps are not turned on yet

Converting ADA to a stable asset touches real liquidity, real slippage, and real transaction risk. Turning it on before the route is understood would put contributor value at risk. So swaps stay off until the path is researched, validated, and reviewed — starting with quote-only previews and human-reviewed conversion, not automated execution. See the full stablecoin settlement direction.

Candidate route options

Routes under research. None is selected, integrated, or contacted — this is a survey.

Manual / admin-reviewed conversion

Research

Human-reviewed conversion before any automation. Lowest technical risk; used to validate the model first.

DEX aggregator route (DexHunter-style)

Research

Route across venues via an aggregator for better pricing and liquidity. More moving parts to evaluate.

Minswap direct DEX / SDK route

Research

Direct integration with a major Cardano DEX. Simpler surface; limited to one venue's liquidity.

SundaeSwap direct or future SDK / API route

Research

Another direct DEX option to evaluate, including any future SDK or API surface.

Other Cardano DEX / aggregator options

Not evaluated

Additional venues and aggregators to survey before committing to a route.

What must be researched before a live swap

Mainnet liquidity

Is there enough depth to convert at realistic sizes?

USDCx pair availability

Does a usable ADA/USDCx (or fallback) pair exist?

Quote reliability

Are quotes stable, timely, and reproducible?

Slippage controls

Can maximum slippage be enforced and rejected on breach?

Transaction-build ability

Can a transaction be built without taking key custody?

Preview / testnet support

Is there a safe preview or testnet path to validate first?

Failure handling

How are failed, expired, or partial conversions handled?

Auditability

Is every step recordable for transparent public reporting?

Legal / compliance fit

Does the approach fit the platform's compliance position?

MVP route recommendation

Begin with a quote-only preview and manual / admin-reviewed stable conversion before any automated swap execution.

1
Start quote-only — preview routes and prices, execute nothing.
2
Use manual / admin-reviewed conversion before any automation.
3
Convert only after a contribution is confirmed (delayed conversion).
4
Begin with campaign-close conversion only, not per-contribution.
5
Add automated routing and slippage enforcement only after validation.

Slippage and failure controls

Any real route must enforce conservative slippage limits and handle every failure mode explicitly, with auditable accounting. The suggested defaults are deliberately cautious: quote-only, no live slippage default, and admin review required.

Insufficient liquidity

Excessive slippage

Stale oracle price

Wallet transaction failure

Partial fills (where applicable)

Quote expiry before execution

Route unavailable

Stable asset de-peg or issuer risk

What remains not live

No real swaps are executed.
No custody of funds.
No transactions are built or submitted.
No wallet signing.
No guaranteed conversion or stable value.
No production settlement.

This page describes research and direction only. Nothing here is legal, tax, or financial advice. See status & roadmap.