# Trade $WLFI

The Trade feature enables you to convert WLFI governance tokens and stablecoins on Uniswap by accessing the World Liberty Financial platform. Provided by [Uniswap V3](https://docs.uniswap.org/concepts/overview) liquidity pools, Trade provides access efficient token transacting with optimal routing and competitive rates.

## Overview

Trade is designed specifically for transacting between WLFI and stable assets. Rather than navigating to external decentralized exchanges, you can seamlessly trade your tokens within the WLFI ecosystem.

### Key features

* **Direct WLFI Trade**: Easily convert between WLFI and stablecoins
* **Optimal Routing**: Provided by Uniswap's Smart Order Router to find the best prices
* **Configurable Slippage**: Adjust slippage tolerance to your preference
* **Real-Time Quotes**: See exchange rates and output amounts before confirming
* **Price Impact Warnings**: Get alerts when trades may significantly move the market

## Supported tokens

Trade supports converting between the following tokens on **Ethereum Mainnet**:

| Token | Type             | Description                                 |
| ----- | ---------------- | ------------------------------------------- |
| WLFI  | Governance Token | World Liberty Financial governance token    |
| USD1  | Stablecoin       | World Liberty Financial's native stablecoin |
| USDC  | Stablecoin       | USD Coin by Circle                          |
| USDT  | Stablecoin       | Tether USD                                  |

### Token Pairs

Trade enforces specific token pair rules to ensure liquidity and optimal trading:

| If You Sell | You Can Buy         |
| ----------- | ------------------- |
| WLFI        | USD1, USDC, or USDT |
| USD1        | WLFI                |
| USDC        | WLFI                |
| USDT        | WLFI                |

{% hint style="info" %}
Direct transactions between stablecoins (e.g., USD1 to USDC) are not supported through Trade. WLFI must be on one side of every trade.
{% endhint %}

## How it works

Trade uses [Uniswap V3](https://docs.uniswap.org/concepts/overview) under the hood, which is a decentralized exchange protocol on Ethereum. Here's what happens when you make a trade:

1. **Route Discovery**: The Uniswap Smart Order Router analyzes available liquidity pools to find the optimal path for your trade
2. **Quote Generation**: You receive a real-time quote showing the expected output amount
3. **Token Approval**: If this is your first time trading one token for another, you'll need to approve the spend
4. **Trade Execution**: The trade is executed on-chain through Uniswap's smart contracts
5. **Token Receipt**: You receive your tokens in your wallet

### Smart order routing

Uniswap's Smart Order Router automatically finds the best price by:

* Splitting trades across multiple pools when beneficial
* Routing through intermediate tokens if it results in better rates
* Optimizing for the lowest price impact

## How to trade $WLFI

### Step 1: Connect your wallet

Connect a wallet that supports Ethereum Mainnet. Ensure you have:

* The tokens you want to trade
* Sufficient ETH for gas fees

<figure><img src="https://4054725252-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2fWzzsd7mWwKk7oKt4dT%2Fuploads%2Fgit-blob-3e152b8d5f3522aeaf265933816ebc6bed2557e3%2Ftrade-connect-wallet.png?alt=media" alt=""><figcaption></figcaption></figure>

### Step 2: Select tokens

1. **You Sell**: Choose the token you want to trade
2. **You Receive**: The available output tokens will be shown based on your input selection

Use the convert button (↕) to quickly reverse the input and output tokens.

<figure><img src="https://4054725252-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2fWzzsd7mWwKk7oKt4dT%2Fuploads%2Fgit-blob-7ec1683c5f918d820ff1812601d26adf6dba6f2b%2Ftrade-select-tokens.png?alt=media" alt=""><figcaption></figcaption></figure>

### Step 3: Enter amount

Enter the amount you want to trade. The interface will show:

* The USD value of your input
* The estimated output amount
* The USD value of the output

Click "Set max" to trade your entire balance of the selected token.

<figure><img src="https://4054725252-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2fWzzsd7mWwKk7oKt4dT%2Fuploads%2Fgit-blob-381a52a46b4545e7889429328b070ae427dc5671%2Ftrade-amount.png?alt=media" alt=""><figcaption></figcaption></figure>

### Step 4: Review trade details

Before confirming, review the following information:

| Detail        | Description                                       |
| ------------- | ------------------------------------------------- |
| Exchange rate | The current rate between the two tokens           |
| Slippage      | Maximum price movement you'll accept              |
| Price impact  | How much your trade affects the market price      |
| Routes        | The path your trade takes through liquidity pools |
| Min. received | The minimum tokens you'll receive after slippage  |
| Gas fee       | Estimated network fee for the transaction         |

<figure><img src="https://4054725252-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2fWzzsd7mWwKk7oKt4dT%2Fuploads%2Fgit-blob-7d3b0869d432274ebb1e6f27f2447be8608ad4d5%2Ftrade-review.png?alt=media" alt=""><figcaption></figcaption></figure>

You can click on the Routes row to see a detailed breakdown of how your trade will be routed through the liquidity pools.

<figure><img src="https://4054725252-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2fWzzsd7mWwKk7oKt4dT%2Fuploads%2Fgit-blob-718ac2dcdb109ae45b87e0f4f62db4c7e33709e5%2Ftrade-review-routes.png?alt=media" alt=""><figcaption></figcaption></figure>

### Step 5: Approve and confirm

{% content-ref url="wlfi-risk-disclosures" %}
[wlfi-risk-disclosures](https://docs.worldlibertyfinancial.com/wlfi-token/wlfi-risk-disclosures)
{% endcontent-ref %}

1. **Agree to terms**: Review and accept the [WLFI Token Use and Acquisition Terms & Conditions](https://docs.worldlibertyfinancial.com/wlfi-token/wlfi-token-use-and-acquisition-tcs)
2. **Token approval** (first time only): Approve the Uniswap router to spend your tokens
3. **Confirm trade**: Review the final details and confirm the transaction in your wallet

### Step 6: Track your trade

After confirming, you can track your transaction in the **Activity** section. Trades typically complete within a few seconds to a minute, depending on network congestion.

<figure><img src="https://4054725252-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2fWzzsd7mWwKk7oKt4dT%2Fuploads%2Fgit-blob-91fb83dd88a1395085dace0685b46a7892e722a2%2Ftrade-summary.png?alt=media" alt=""><figcaption></figcaption></figure>

## Settings

### Slippage tolerance

Slippage is the difference between the expected price and the actual execution price. You can configure your slippage tolerance in the settings:

| Slippage Level | Description                         |
| -------------- | ----------------------------------- |
| Auto (5.5%)    | Recommended default setting         |
| Custom         | Set your own tolerance (0.1% - 50%) |

{% hint style="warning" %}
**Low slippage** (< 1%): Your transaction may fail if prices move slightly.

**High slippage** (> 10%): You may receive significantly fewer tokens than quoted. The interface will warn you about high slippage settings.
{% endhint %}

### Transaction deadline

The deadline sets how long your transaction remains valid. If the trade isn't executed within this time, it will automatically cancel.

* **Default**: 30 minutes
* **Custom**: Set your preferred deadline

## Understanding price impact

Price impact measures how much your trade will move the market price. It occurs because trades affect the balance of tokens in liquidity pools.

| Price Impact | Indication                                  |
| ------------ | ------------------------------------------- |
| < 1%         | Minimal impact, good liquidity              |
| 1% - 5%      | Moderate impact, acceptable for most trades |
| 5% - 10%     | High impact, consider splitting the trade   |
| > 10%        | Very high impact, warning displayed         |

{% hint style="warning" %}
If the price impact exceeds 10%, the interface will display a warning. Consider:

* Reducing your trade size
* Splitting into multiple smaller trades
* Waiting for better liquidity conditions
  {% endhint %}

## Fees

### Gas fees

All transactions require Ethereum gas fees paid in ETH. Gas costs vary based on:

* Network congestion
* Transaction complexity (number of routes/pools used)

The interface displays an estimated gas fee before you confirm.

### Transactions fees

Uniswap V3 pools charge a fee on each transaction, typically:

* **0.3%** for most pairs
* **0.05%** or **1%** for some pools depending on the pair

These fees are built into the quoted price you see.

***

## Troubleshooting

### Transaction failed

Common reasons for failed transactions:

* **Slippage exceeded**: The price moved beyond your tolerance. Try increasing slippage.
* **Insufficient gas**: Ensure you have enough ETH for gas fees.
* **Token approval expired**: Re-approve the token spend.

### No route found

If no route is found:

* The amount may be too small or too large
* Liquidity may be temporarily low
* Try a slightly different amount

### High price impact warning

If you see a high price impact warning:

* Your trade size is large relative to available liquidity
* Consider breaking into smaller trades
* Wait for more liquidity to enter the pools

### Wrong Network

Trade only works on Ethereum Mainnet. If you're on a different network, you'll be prompted to switch.

## Security considerations

### Smart contract security

Trade uses Uniswap V3's audited and battle-tested smart contracts. Uniswap is one of the most widely used and trusted DeFi protocols.

### User verification

World Liberty Financial implements user verification to ensure compliance. If your account is flagged or blocked, you won't be able to use the Trade feature.

### Approval best practices

When approving tokens:

* Only approve the amount you intend to trade, or
* Revoke approvals after trading if you prefer maximum security

***

## Additional Resources

* [Uniswap Protocol Documentation](https://docs.uniswap.org/concepts/overview)
* [WLFI Token Information](https://docs.worldlibertyfinancial.com/wlfi-token/tokenomics)
* [USD1 Token Information](https://docs.worldlibertyfinancial.com/usd1-token/what-is-usd1)
* [Bridge Tokens Cross-Chain](https://docs.worldlibertyfinancial.com/wlfi-tools/bridge)


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