ReefSwap Incentivized Testnet is Live: Interact Actively to Qualify for Airdrop
Airdrop in $REEF awaits the most active users!
In the dynamic world of DeFi, ReefSwap is setting sail with new developments and accomplishments. In this continued journey, we are thrilled to announce that the ReefSwap Incentivized Testnet is now LIVE for everyone.
As we usher in the ReefSwap Incentivized Testing phase, we are allowing the community to Explore, Experience, Evolve, and Earn by navigating the thoughtfully designed ReefSwap dashboard — a canvas that blends simplicity with powerful DeFi capabilities.
How to Participate in the ReefSwap Incentivized Tesnet?
From instant swaps to staking/unstaking or adding liquidity to pools, we’ve got tutorials covered in this guide. Let’s dive in.
Prerequisites ✅:
- Reef Wallet: Make sure you’ve set up your Reef Chain Wallet. It’s crucial to connect it to the EVM on Testnet to access ReefSwap. Use this guide to create your Reef Chain Wallet Address instantly.
Skip this Prerequisite A if you already have a Reef Chain Wallet Address.
- Claim $REEF Testnet Tokens: These tokens are necessary to pay gas fees and execute swaps.
Follow these steps to claim REEF Testnet Tokens
- Head to the app.reefswap.com and click the “Get testnet tokens” button.
- To claim, simply type in `/faucet <Your Reef Wallet Address>` in the message box as demonstrated below
As you collect the REEF Testnet Tokens, it’s time for testing. So, let’s begin!
🐠 Swap Tokens on ReefSwap:
Step 1: Visit app.reefswap.com and “Connect EVM”. Make sure your connected wallet has sufficient $REEF Testnet Tokens for smooth transactions on the Reef Chain Network.
Step 2: To initiate a swap, Choose ‘Swap’ from the dashboard and select the amount of $REEF token you want to exchange.
Step 3: Before executing the swap, set and verify key details: number of tokens, swapped token (For example, in the swap, “DOLPHIN” was used.), and slippage. Once reviewed, execute the trade. A confirmation window will pop up; confirm the details, then sign the transaction to complete the swap. And it’s done.✅
🐠 Stake to Add Liquidity in Pools on ReefSwap
Step 1: Click on ‘Pools’ from the navigation bar/menu and select one pool from the available list.
Step 2: Pick the pool where you’d like to stake tokens/liquidity.
Step 3: Navigate to ‘Staking’, select any pool pair (For example, in the guide, “DOLPHIN” was used.) and proceed.
Step 4: Add the stake details, such as entering the amount of your selected token for staking, and click on ‘Stake’.
Step 5: A confirmation window will pop up; verify the details added in the previous step, and then ‘Sign the Transaction’ to complete the transaction. And it’s done.✅
🐠 Unstake on ReefSwap
Step 1: Click on ‘Pools’ from the navigation bar/menu and select one pool.
Step 2: Pick the pool where you’d like to unstake tokens.
Step 3: Navigate to ‘Unstaking’, select any pool pair (For example, in the guide, “DOLPHIN” was used.), and proceed.
Step 4: Add the stake details, such as entering the amount of your selected token for unstaking, and click on ‘Unstake’.
Step 5: A confirmation window will pop up; verify the details added in the previous step, and then ‘Sign the Transaction’ to complete the transaction. And it’s done.✅
🐠Send Tokens on ReefSwap
Step 1: To initiate a transfer, click ‘Send’ next to the token you want to transfer.
Step 2: In the following window, add the recipient’s Reef Wallet address, and specify the amount of tokens you wish to transfer.
Step 3: Confirm the transaction by clicking on ‘Send’. Enter your private keys, and ‘Sign the Transaction’ to complete the transfer.
🐠How to use the Token Creator on ReefSwap
Step 1: To start creating a token, select the ‘Creator’ option from the Navigation menu.
Step 2: Next, add a name, symbol, and image to the created Token.
Step 3: To proceed with it, add the initial supply.
Step 4: Select ‘Burnable’ and ‘Mintable’
Step 5: Click on the ‘Create Token’ button and sign the transaction to complete the token creation process.
🐠How to Create Pools on ReefSwap
Step 1: Select one ‘Pool’ from the Navigation menu and click on the ‘Create Pool’ button
Step 2: Select a token pair and add funds for respective tokens in the pool.
Step 3: Click on the ‘Stake’ button and sign the transaction to complete the process.
There you go! Dive in and start exploring ReefSwap now.
The Road Ahead
ReefSwap’s Incentivized Testnet marks a stepping stone toward the official ReefSwap launch, and your feedback is the guiding force fuelling this journey.
Join us and gear up for a secure & seamless DeFi experience on Reef Chain!
**IMPORTANT:
Share your valuable feedback with us on Discord: https://discord.com/channels/1116016091014123521/1120371742486052915
If you have any queries, please ask the Community Managers (CMs) here https://discord.com/channels/1116016091014123521/1116016092029132872, and they will be more than happy to assist you.
About ReefSwap
ReefSwap is a cutting-edge Decentralized Exchange, a DEX to swap tokens which are deployed on Reef Chain, built to harness the power of Reef to allow users a fast, seamless & secure trading experience. With an enhanced and user-centric UI & advanced features, ReefSwap is set to revolutionize the world of DeFi.
~The Native DEX built on Reef Chain
