> For the complete documentation index, see [llms.txt](https://docs.coinshift.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.coinshift.xyz/business/coinshift-walkthrough/coinshift-apps/paraswap.md).

# ParaSwap

​[ParaSwap](https://www.paraswap.io/), a decentralised exchange aggregator, offers a simple and secure method to exchange Ethereum-based tokens by consolidating liquidity from numerous decentralised platforms into one unified interface.

Accessing ParaSwap via Coinshift apps offers several benefits to a Treasury Manager, including

* **Best Trading Rates-** ParaSwap provides the best trading rates by sourcing liquidity from various decentralised exchanges (DEXs). Treasury managers can use it to compare the prices offered by the leading DEXs
* **Streamlined Batch Processing-** With batch transaction capabilities, treasury managers can approve and swap tokens simultaneously, enhancing operational efficiency and reducing gas costs 
* **High Liquidity and Diversification-** Access to multiple DEXs ensures high liquidity, enabling large trades without drastically impacting market prices. Managers can exchange their Safe assets to diversify their portfolios
* **Reduced Slippage-** By routing trades through the DEX that provides the best rate, ParaSwap minimises the price slippage usually associated with larger trades
* **Risk Mitigation-** Diversifying transactions across different DEXs minimises dependency on any single exchange, reducing liquidity risk
* **Operational Efficiency-** Coinshift's single interface allows treasury managers to manage multiple crypto assets across different protocols saves time and simplifies operations

However, note that since Coinshift offers multi-sig, there may be instances where not all Signers are available when executing a swap. This can potentially lead to slippage issues, where the price at execution differs from the expected price due to a delay in transaction confirmation. Therefore, timing and coordination among Signers are crucial in this setup.

{% hint style="info" %} <mark style="color:blue;">You are advised to execute the transaction within 5 minutes after the first approval to avoid transaction failure.</mark>
{% endhint %}

<figure><img src="/files/LhyHro4In8nAzoBlRXL3" alt=""><figcaption></figcaption></figure>

We will now outline the process of how Coinshift users can interact with ParaSwap directly from their Safe using Coinshift Apps.

## Step 1: Go to Apps and connect your Safe with ParaSwap <a href="#step-1-go-to-apps-and-connect-your-safe-with-paraswap" id="step-1-go-to-apps-and-connect-your-safe-with-paraswap"></a>

Navigate to the **Apps** section on your Coinshift dashboard.

Locate and click on **ParaSwap** within the Apps section.

A window will appear showing the list of networks the dApp is live on and supported by Coinshift. You can choose a Safe belonging to any network supported by ParaSwap.

Select the **Safe** (highlighted below) you wish to work with and click on **Open App** to establish a connection between your selected Safe and ParaSwap.

<figure><img src="/files/B3ERqTgZY3DwV2Lm7bnj" alt="" width="418"><figcaption></figcaption></figure>

## Step 2: Create a Transaction (Swap with ParaSwap)

Within Coinshift, transactions begin as proposals, providing flexibility in approvals. Please note that non-signers can create proposals, but only Signers can approve them.

To execute a swap, navigate to the **Swap** tab.

Then, select the **token** and the **amount** you wish to **pay**, as well as the token you wish to **receive**. ParaSwap will provide a **calculated return** based on your input.

Check the prices offered by different exchanges displayed on the right side of the interface.

<figure><img src="/files/v3EfGEwukeGSQv3cSMsp" alt=""><figcaption></figcaption></figure>

Upon finalising the details, click on **Review Trade**.

Next, check the swap summary and confirm the process by clicking on **Confirm Trade**.&#x20;

<figure><img src="/files/Ofr64gP72exH5o1QuMoY" alt="" width="401"><figcaption></figcaption></figure>

This will trigger the process of creating a proposal on Coinshift.&#x20;

*Note that, transaction details are presented in a clear, human-readable format (see screenshot), providing essential information for other Safe Signers to review.*

Add any relevant notes and labels and finally, hit the **Create Proposal** button to create an off-chain proposal for your transaction.

<figure><img src="/files/2KcR9lmzmTrJI5DEc2Gx" alt="" width="448"><figcaption></figcaption></figure>

Following the creation of a proposal, Safe Signers have the authority to **Approve** or **Discard** the proposal as necessary.&#x20;

<figure><img src="/files/d7mHVfe8i2wvFEahGk26" alt=""><figcaption></figcaption></figure>

## **Step 3:** Action on Proposal

Signers can take one of three actions on a proposal:

* **Proposal Rejection-** If any Safe Signer rejects the proposal, it will be discarded Off-Chain.
* **Proposal Approval and Execution-** If the number of votes in favor of the proposal meets Safe's required threshold, the transaction will be submitted to the network.
* **On-Chain Transaction Rejection-** Even after a proposal has been approved, it can still be turned down in the on-chain stage. This can happen if a Safe Signer initially approves the proposal, moving it into the on-chain queue, but other Safe Signers decide to use the [**On-Chain Rejection**](/business/coinshift-walkthrough/transaction-management/on-chain-transaction-rejection.md) option to stop the transaction.

The proposal has received the necessary signatures, as shown in the screenshot below, and the transaction will be submitted to the network.&#x20;

<figure><img src="/files/WtxHoxtgwBslKhtnXKaq" alt=""><figcaption></figcaption></figure>

Wait for the transaction to complete.

Congratulations, you've successfully executed a swap transaction in ParaSwap via your Coinshift dashboard!

Finally, head over to the **Portfolio** section of your dashboard to see the newly swapped token.