When you “Get a Quote” for a trading pair, Liquality produces a quote that is available for you to trade for a limited period of time. If you initiate a swap during this time, you are guaranteed to trade at the given fixed rate - you will face no volatility during this time as prices are locked in. However, if you fail to initiate a swap with Liquality during the quote period, or your initiating transaction does not confirm on the blockchain in time, the quote will expire and you will have to start a new swap.
To accept the quote, you must connect your wallets and initiate the first transaction of a swap.
Note: the Quote Timer (how long the rate provided is valid for) differs from the escrow timer (maximum amount of time your funds could be locked during the swap)