GiwaterGiwater

Info

FAQ

Swaps

Why can the final amount differ from the quote?

A quote is what the pools offer at the moment you ask. Minimum received is the floor you agree to instead, and Slippage is the distance between the two. In the How to Swap example, 125 USDC quotes at 0.00463 BTC and the 2.00% tolerance sets a floor of 0.0045374 BTC.

You can receive anything between those two figures. A price move larger than the tolerance does not fill at a worse rate — the swap fails and your assets stay where they are. The market chart on the swap page is context only; these two numbers are what your transaction is bound by.

Why does the rate change when I change the amount?

Two separate things move it.

Your own trade moves the price along the pool's curve. A larger amount takes a worse average rate than a small one against the same liquidity, so doubling what you sell does not double what you receive. Splitting a large swap or choosing a deeper pool is what reduces this.

The market also moves between the quote and the confirmation, which is what the tolerance absorbs. If no price appears at all, the pair likely has too little liquidity for the amount you entered — try a smaller amount or another pair.

Why does my wallet ask more than once?

Up to three requests, each doing a different job:

  • Approve in wallet — a one-time permission for the asset you are selling. It moves nothing by itself, so a confirmed approval alone leaves your balances unchanged.
  • Sign message — a signature that authorizes this particular swap to use the asset you approved. It is a signature rather than a transaction, so it costs no network fee.
  • Confirm swap — the transaction that exchanges the assets.

An asset you have already approved skips the first request, and selling native ETH needs no signature. Leave your wallet open until the last request is confirmed; a submitted transaction can take a moment to show as complete.

Why is ETH sometimes wrapped as WETH?

ETH and WETH are the same value in two forms, and pools trade the wrapped form. Moving between them is a wrap or an unwrap rather than a trade between two different assets, so Giwater shows it as its own action.

What if I cancel, or the swap fails?

Rejecting a wallet request moves nothing and costs nothing. A transaction that was submitted and then failed is different: the network processed the attempt, so your wallet may show a small network fee even though your balances did not change.

Before trying again:

  • Make sure your wallet is connected to GIWA Sepolia.
  • Keep enough ETH for the network fee.
  • Check that your balance covers the amount you entered.
  • If the price moved, return to the form and review a new price.
  • If an approval was required, confirm that it finished.

Pools & Liquidity

Why does the other token amount change automatically?

A position holds the two assets in a ratio decided by your range and the current price, not in equal amounts of each. Entering one side is enough because the other follows from that ratio. In the How to Add Liquidity example, 0.5 ETH pairs with 1,714.458136 USDC for the range that was set.

Move the range and the mix moves with it. A range centred on the current price takes roughly balanced value from both sides, one placed above it takes mostly the asset you are selling into that rise, and a range entirely on one side of the price takes a single asset.

What happens when the price leaves my range?

Your position earns fees only while the market price sits inside your range. Outside it the position stops earning new fees, and it holds almost entirely one of the two assets — the one the market moved away from.

Fees earned earlier are not affected. They stay with the position and are paid out when you reduce or remove it. From there you can wait for the price to come back into range, or remove the position and open one around the new price.

Does a higher APR mean I will earn more?

No. The figure is an estimate built from the pool's recent fees, spread across the liquidity currently active in it — a description of the last day's trading, not a rate anyone pays you.

What you actually earn depends on how much trading continues, how much active liquidity you share those fees with, and how much of the time your own range stays in range. A position that spends half its time outside the range earns nothing for that half, whatever the headline figure says.

How is providing liquidity different from holding tokens?

A pool always trades against the market: as one asset rises, swappers buy it out of your position and leave the other behind. You end up holding more of whichever asset is falling and less of the one that is rising.

That is why a position and a plain holding of the same two assets drift apart. Fees are the compensation for it, and they do not always cover the difference.

Where do I manage my position and fees?

Portfolio lists your positions with their range and the fees each has accrued. Opening one lets you add liquidity to it or remove part or all of it, and the accrued fees are paid out with whatever you remove.

Earn

What are vault shares?

Shares are the token a vault mints when you deposit, and the record of what part of the vault is yours. They sit in your wallet like any other token, named after the vault. In the How to Earn example, 102 USDC mints 100 ogUSDx at an exchange rate of 1.02.

The vault's Exchange rate says how much of its asset one share is worth right now. As the strategy earns, that rate rises, so the same shares redeem for more of the asset than they cost. The number of shares you hold does not change on its own.

Why does a deposit ask for two wallet requests?

The first, Approve USDC in wallet, lets the vault take exactly the amount you entered and no more. It moves nothing by itself. The second, Confirm mint, is the deposit that takes the USDC and mints your shares.

Because the approval covers only that one amount, a later deposit asks for it again. A redemption needs no approval and is a single request, Confirm redeem. Leave your wallet open until the last request is confirmed.

Is the APY guaranteed?

No. The APY is an estimate of the vault's yearly return, worked out from how its share price has moved. It can rise or fall with the vault's strategy and with market conditions, and past returns do not predict future ones. While no history has been recorded for a vault, it shows a dash instead of a figure.

When can I redeem, and is there a fee?

Whenever you want. A redemption pays out in the same transaction that burns your shares, which the vault shows as Instant. If the vault can pay out only part of your position at that moment, it shows Limited right now, and a larger amount is refused with "Exceeds what the Earn contract can pay out now".

The Redemption fee row on the Redeem tab is read from the vault's own quote, so the amount under You receive is already what arrives after any fee.

Where do I see my Earn position?

My Earn lists every vault you hold shares in, with its balance, what it has earned so far, and its estimated yield. From there, Add funds mints more and Redeem redeems, without opening the vault's own page.

Previous
Gacha