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Singularity Finance (SFI) is an Ethereum-based token, meaning swaps are processed on the Ethereum network with all the characteristics that entails. Traders often swap SFI when rebalancing a DeFi-focused portfolio or moving between positions in Ethereum ecosystem projects. Whether swapping into or out of SFI, the process runs without creating an account on Zest.
Because SFI operates exclusively on Ethereum, make sure your receiving wallet supports ERC-20 tokens and that you provide a valid Ethereum address — sending to an incompatible address type will result in loss of funds. Ethereum network activity can cause confirmation times to vary, so allow for some flexibility after you broadcast the transaction. Before you confirm the swap, Zest displays the rate and the destination address so you can verify everything looks correct. No memo or destination tag is required for SFI transactions.
Ethereum
