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News September 17, 2024

Step-by-Step Guide to Perform a Token Swap on Soroswap.Finance

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The guide provides a detailed process for executing a token swap on Soroswap.Finance, starting with setting up a Stellar-compatible wallet like Freighter or Lobstr. Users are instructed on how to fund their wallet with XLM, the advantages of non-custodial wallets, and essential security measures like safeguarding recovery phrases. The guide further explains how to access Soroswap, connect the wallet, and perform token swaps with attention to exchange rates and fees. A focus is placed on establishing trustlines for managing assets, a crucial requirement for receiving non-XLM assets. The content is significant for the Stellar blockchain community due to its detailed instructions on utilizing trustlines and ensuring secure digital asset transactions within the Stellar ecosystem.