Crypto, Coffee & Fiction

Share this post

Dummies Guide to YokaiSwap

everythingcrypto.substack.com

Dummies Guide to YokaiSwap

Vacation Steve
Sep 11, 2021
2
Share this post

Dummies Guide to YokaiSwap

everythingcrypto.substack.com

The newest Decentralized Exchange (DEX) to come to town isĀ YokaiSwap. This DEX is built for the Nervos Blockchain. It is not Production ready, but you can play around in Testnet mode.

r/NervosNetwork - Dummies Guide to YokaiSwap

Assumptions

Install Metamask as an extension in your browser. You need Metamask to access the Godwoken Polyjuice Testnet (I know it sounds complicated but it is just a name). Once Metamask is installed, browse to the following:

YokaiSwap

Next, Click Connect Wallet on the far right-hand side of the screen. Select Metamask.

r/NervosNetwork - Dummies Guide to YokaiSwap

and Switch to the Proper Testnet as shown below:

r/NervosNetwork - Dummies Guide to YokaiSwap

You will now be connected to your wallet.

r/NervosNetwork - Dummies Guide to YokaiSwap

Let's get some free Test Tokens by clicking Get Test Tokens and Sign the transaction.

r/NervosNetwork - Dummies Guide to YokaiSwap

You now have some USDC.

r/NervosNetwork - Dummies Guide to YokaiSwap

Let's now get some CKB. Expand Asset Bridge on the left and choose Deposit.

r/NervosNetwork - Dummies Guide to YokaiSwap

Click copy CKB address and click CKB Testnet Faucet. Past your CKB Address and receive your tokens

r/NervosNetwork - Dummies Guide to YokaiSwap

Note: You can do this once every 24 hours.

Let's now Deposit the CKB we just earned (broke a sweat for that one) from Layer 1 into Layer 2.

r/NervosNetwork - Dummies Guide to YokaiSwap

Click Deposit and Sign the Transaction. The transaction is submitted and you can view on Explorer.

r/NervosNetwork - Dummies Guide to YokaiSwap

Let's now create a YOK-CKB liquidity pair. From the Navigation bar, let's choose Trade | Liquidity.

r/NervosNetwork - Dummies Guide to YokaiSwap

Click Add Liquidity.

r/NervosNetwork - Dummies Guide to YokaiSwap

I am going in :-) Depending on the Farm you want to join, you need supply the correct liquidity. In this example, I want to join the CKB-YOK Farm. Click Supply and confirm and Sign your transaction.

r/NervosNetwork - Dummies Guide to YokaiSwap

We are now ready to join the farm.

r/NervosNetwork - Dummies Guide to YokaiSwap

Expand YOK-CKB Farm and click Stake.

r/NervosNetwork - Dummies Guide to YokaiSwap

Select the Amount you want to Stake and click Confirm.

r/NervosNetwork - Dummies Guide to YokaiSwap

Sign the transaction and you are now staked.

r/NervosNetwork - Dummies Guide to YokaiSwap

To Unstake, select the - sign.

r/NervosNetwork - Dummies Guide to YokaiSwap

To add to your farm, click the + sign.

r/NervosNetwork - Dummies Guide to YokaiSwap

When you earn coins, the Harvest button will light-up and you can Harvest those coins into your wallet and re-stake in this farm or pool by clicking the + sign.

r/NervosNetwork - Dummies Guide to YokaiSwap

In Part 2 of our dummies guide, we will continue with adding more liquidity to different pairs and talk about MONSTER POOLS.

Everything Nervos
Dummies Guide to YokaiSwap Part 2
Dummies Guide to YokaiSwap Part 2 We are continuing our series on YokaiSwap where we left off by creating additional liquidity pairs. If you have not read the the first post in the series, see link. Let's continue by creating a USDC-CKB liquidity pair.. Click Trade | Liquidity…
Read more
2 years ago Ā· Steven S. Warren
Everything Nervos
YokaiSwap Update - Next generation interoperable Automated Market Maker (AMM) built on Nervos.
YokaiSwap has updated their testnet with a brand new UI. More user-friendly UI design "Info" page to show analytics ROI Calculator in Farms and Pools "Expert Mode" and "Disable Multi-hops" in settings Why is this exciting? Force Bridge on Ethereum is LIVE, but you can’t really do much at this point except convert your Ethereum Assets to the derivative c…
Read more
a year ago Ā· Steven S. Warren
Share this post

Dummies Guide to YokaiSwap

everythingcrypto.substack.com
Previous
Next
Comments
TopNewCommunity

No posts

Ready for more?

Ā© 2023 Crypto, Coffee & Fiction
Privacy āˆ™ Terms āˆ™ Collection notice
Start WritingGet the app
SubstackĀ is the home for great writing