Final Checklist Before Using a New Blockchain Network or Asset
Interacting with a new blockchain requires more than connecting a wallet. You need to verify the asset understand the transaction costs and evaluate the risks.
For a cross-chain swap, such as USDT on TON to USDG on Robinhood Chain through STON.fi follow these eight checks.
1. Verify the Network
Confirm the source and destination networks. Ensure your wallet and the application support the intended route.
2. Confirm the Asset
Verify the token's identity and official contract address where applicable. Confirm that the specific asset and route are supported.
3. Review the Quote
Check the expected receiving amount, exchange rate, and slippage. Quotes can change with market conditions.
4. Check Transaction Costs
Understand applicable gas fees, swap fees, and other charges. Ensure your wallet has enough funds to cover required fees.
5. Review Wallet Approvals
Use the official application and examine transaction details before signing. Never share your private keys or recovery phrase.
6. Understand Execution
Cross-chain swaps involve activity across separate networks. Infrastructure such as Omniston can coordinate swap execution but submitting a transaction does not guarantee successful settlement.
7. Evaluate the Risks
Consider liquidity limitations, smart-contract vulnerabilities, network failures, stablecoin depegging and integration issues.
8. Verify Receipt
Check the transaction status and confirm that the intended asset has arrived on the destination network before assuming the swap is complete before proceeding ask yourself:
- Is the network and asset correct?
- Do I understand the quote, fees and approvals?
- Have I evaluated the risks?
- Can I verify successful receipt?
If any critical detail remains unclear pause and investigate.
Details Link: https://ston.fi/cross-chain-swap-from-ton-to-base
Responsible onchain participation starts with understanding what you authorize.
Interacting with a new blockchain requires more than connecting a wallet. You need to verify the asset understand the transaction costs and evaluate the risks.
For a cross-chain swap, such as USDT on TON to USDG on Robinhood Chain through STON.fi follow these eight checks.
1. Verify the Network
Confirm the source and destination networks. Ensure your wallet and the application support the intended route.
2. Confirm the Asset
Verify the token's identity and official contract address where applicable. Confirm that the specific asset and route are supported.
3. Review the Quote
Check the expected receiving amount, exchange rate, and slippage. Quotes can change with market conditions.
4. Check Transaction Costs
Understand applicable gas fees, swap fees, and other charges. Ensure your wallet has enough funds to cover required fees.
5. Review Wallet Approvals
Use the official application and examine transaction details before signing. Never share your private keys or recovery phrase.
6. Understand Execution
Cross-chain swaps involve activity across separate networks. Infrastructure such as Omniston can coordinate swap execution but submitting a transaction does not guarantee successful settlement.
7. Evaluate the Risks
Consider liquidity limitations, smart-contract vulnerabilities, network failures, stablecoin depegging and integration issues.
8. Verify Receipt
Check the transaction status and confirm that the intended asset has arrived on the destination network before assuming the swap is complete before proceeding ask yourself:
- Is the network and asset correct?
- Do I understand the quote, fees and approvals?
- Have I evaluated the risks?
- Can I verify successful receipt?
If any critical detail remains unclear pause and investigate.
Details Link: https://ston.fi/cross-chain-swap-from-ton-to-base
Responsible onchain participation starts with understanding what you authorize.