What is a token swap?
A swap lets you exchange one token for another directly inside Morsel — no centralized exchange required. Morsel connects to on-chain liquidity pools on Cookie Chain to find the best available rate.
How to swap
- Tap the Swap tab in the Morsel app.
- Select the token you want to sell and enter the amount.
- Select the token you want to receive.
- Review the quoted rate, price impact, and estimated fees.
- Tap Swap and confirm the transaction.
Slippage tolerance
Slippage is the difference between the expected price and the actual execution price. You can adjust slippage tolerance in the swap settings (gear icon). The default is 0.5%.
For low-liquidity tokens, increase slippage tolerance slightly to avoid failed transactions.