> For the complete documentation index, see [llms.txt](https://docs.covenant.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.covenant.finance/user-guide/market-page/swap.md).

# Swap

The swap panel allows users to swap between the base asset, the leverage-coin (aXXX) and the yield-coin (zXXX). Dropdowns allow users to choose the direction of swap and enter an amount to be swapped. Estimated swap outputs and swap price are shown before swapping.

If a user wants leverage-coins or yield-coins directly, there is no need to mint and then swap - users can direclty swap base assets for leverage- or yield-coins in the Swap panel. In a similar way, users can redeem their leverge- and yield-coins for base assets in the Swap panel.

<figure><img src="https://3972845554-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FCHCjmUrjuPhzffSUl2eD%2Fuploads%2FZrMWCu7FwU9hyhr867TM%2FScreenshot%202025-03-20%20at%202.37.58%E2%80%AFPM.png?alt=media&amp;token=88dc5f04-2647-4e93-9f57-57280c2ce3a8" alt=""><figcaption></figcaption></figure>