# Swap DeFo

Decentralized ForEx (DeFo) is the Neutrino (opens new window) protocol interface, providing effective tools for swapping stable coins via smart contract. Smart contract ensures reliability, transparency, and virtually unlimited liquidity at a predetermined rate. Stable coins serve as crypto equivalent to their underlying fiat analogs. For example, EURN crypto token is pegged to EUR fiat asset and always has the same exchange rate. Read more about DeFo (opens new window).

Important: Due to the upcoming fundamental changes to the Neutrino protocol (opens new window), the DeFo project has lost its initial relevance. That is why the following restrictions were made:

APR of DeFo tokens (XTN, EURN, CNYN, TRYN, RUBN etc.) staking and the Neutrino pools is reduced to 0%.
DeFo->DeFo swaps are disabled.
DeFo->XTN swap fees are reduced to 0%.

# How to Swap DeFo to XTN

Open WX Network (opens new window) app, login to your account and navigate to Trading > Swap DeFo (opens new window) tab.

You can instantly swap your DeFo coins to XTN by the current exchange rate that is regulated by the Smart Contract. The rates are updated once a minute.

My Balances tile displays current total (available + reserved) balances of the stable coins on you Waves account.

Select a pair of stable coins that you want to swap and fill in the I send field. Select the Transaction Fee Options checkbox to enable selection of the fee token.

In the I receive field the approximate amount of the selected coin that you will receive will be displayed. The current exchange rate will be displayed below the fields.

Click Swap X to Y (where X to Y is the selected pair).

Note: If your swap was received at the time of the rate update, it will be resolved at the updated rate, which may differ from the previous one.

The exchange process is instant. If you experienced a delay, then contact support service to resolve the situation.

See more articles in the Token Management chapter.

If you have difficulties with WX Network, please create a support (opens new window) ticket or write a question on our forum (opens new window).