> For the complete documentation index, see [llms.txt](https://onchaintrade.gitbook.io/ot/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://onchaintrade.gitbook.io/ot/spot-and-borrow/swap.md). # Swap ### Pricing A starting price has to be set when initializing the pool, buy action will push up price, sell action will cause price to depreciate. ### Equations #### Variable price token swap: The equations for OSD and OT are as follows: x = Amount of asset A in the pool, y = x \* price of asset A. x \* y = constant, price is set when the pool is initialized. Price cannot be modified manually once the pool is created. Only buy and sell can change the price. Only addition or removal of liquidity will change the constant value. #### Stable token swap 0 slippage swap based on oracle price feed ### **Maximum slippage** **Adjust max acceptable slippage percentage by hovering on settings icon:** ![](/files/cQWRGxuXSTISpRdytXhU) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://onchaintrade.gitbook.io/ot/spot-and-borrow/swap.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.