What is W Swap?
W Swap is a cutting-edge DEX built on the W Chain Layer 1 blockchain. As a fork of the popular Uniswap V2 protocol, it offers reliable token swapping and liquidity provision. What sets W Swap apart is its native cross-chain bridge, allowing you to move assets between W Chain and other supported blockchains directly from the exchange interface.
Getting Started: Connecting Your Wallet to W Swap (Step- by-Step Process)
Before you can begin, you’ll need a compatible Web3 wallet, such as MetaMask, configured for W Chain.
Step 1: “Visit W Swap: Go to the official W Swap website.
Step 2: Connect Wallet: Click the “Connect Wallet” button, usually located in the top right corner.
Step 3: Select Wallet: Choose your preferred wallet (e.g., MetaMask) from the options.
Step 4: Approve Connection: Follow the prompts in your wallet to approve the connection. Ensure your wallet is set to the W Chain network.
How to Swap Tokens on W Swap (Step-by-Step Process)
Swapping tokens on W Swap is quick and intuitive, leveraging W Chain’s low gas fees.
Step 1: Navigate to ‘Swap’: On the W Swap interface, ensure you’re on the “Swap” tab.
Step 2: Select Tokens: Choose the token you want to swap from (e.g., WCO) in the “From” field and the token you want to receive (e.g., USDT) in the “To” field.
Step 3: Enter Amount: Input the amount of the “From” token you wish to swap. The “To” amount will automatically calculate based on current prices.
Step 4: Review Details: Check the price impact, minimum received amount, and liquidity provider fee.
Step 5: Approve Token (First Time Only): If you haven’t swapped this specific token before, you’ll need to click “Approve” and confirm the transaction in your wallet. This allows W Swap to interact with your tokens.
Step 6: Confirm Swap: Click “Swap” and confirm the transaction in your wallet. Your tokens will be in your wallet within seconds!
Providing Liquidity on W Swap to Earn Fees (Step- by-Step Process)
Becoming a liquidity provider (LP) allows you to earn a share of the trading fees from every swap in your chosen pool.
Step 1: Go to ‘Pool’: Click on the “Pool” or “Liquidity” tab on W Swap.
Step 2: Add Liquidity: Select “Add Liquidity.”
Step 3: Choose Pair: Select the token pair you want to provide liquidity for (e.g., WCO/USDT). You’ll need an equivalent value of both tokens.
Step 4: Enter Amounts: Input the amount of one token, and the other will auto-fill.
Step 5: Approve & Supply: Approve both tokens (if new to the pool), then click “Supply” and confirm the transaction.
Step 6: Receive LP Tokens: You will receive LP (Liquidity Provider) tokens, representing your stake in the pool and your share of the 0.3% trading fees.
Unlocking Cross-Chain Transfers with W Swap 's Bridge (Step- by-Step Process)
The integrated bridge is a game-changer, simplifying asset movement across blockchains.
Step 1: Access the ‘Bridge’: Navigate to the “Bridge” section on W Swap.
Step 2: Select Chains & Assets: Choose your source chain (e.g., Ethereum), destination chain (e.g., W Chain), and the asset you wish to bridge.
Step 3: Enter Amount: Specify the amount to transfer.
Step 4: Review & Confirm: Check estimated transfer times and any bridge fees.
Step 5: Initiate Transfer: Follow the prompts to approve the asset on the source chain and confirm the bridge transaction. Your assets will appear on the destination chain once processed!
Conclusion
W Swap is more than just a DEX; it’s a powerful gateway to a truly interconnected decentralized future on W Chain. With its intuitive interface, low fees, and seamless cross-chain bridging, it empowers you to manage your crypto assets efficiently. Start exploring W Swap today and become a part of the next wave of DeFi innovation!
