UTXO → Account

[Da-Colon]

UTXO → Account (BTC/LTC -> ETH) Workflow (16 hours)

Gather Data ()

• Get Exchange Rate (see how shapeshift is doing it)
• Calculate Network Fees (outbound)
  • https://docs.thorchain.org/how-it-works/fees#network-fee
• Slippage is set to 1% by default.
• Calculate Available to swap = ( Balance - Network Fee) - ( Balance - NetworkFee ) / slippage ) )
• Connect Input value to state

Execute Swap

• Connect to a valid THORchain node
• memo should be updated to be recognized by node operator.
• transaction should broadcast swap on submit

Pending

• should display ethereum transaction id when available
  • should link to etherscan transaction info
• listener should be setup to listen for ethereum transaction complete
• listener should be setup to listen for UTXO transaction status
• should display UTXO transaction id when available
  • should link to blockchair transaction info

Success

• should display as each of the pending transactions is completed
• should show actual amount sent (depending on slippage)
• should show actual amount received