YokaiSwap is launching today on 3rd December at 12 pm UTC (noon) and you will be able to yield with CKB/USDC pair! Be one of the first yield farmers to maximise your YOK earnings. You will need to move your USDC from Ethereum to Godwoken, through Force Bridge.
Here’s a quick guide to depositing USDC to YokaiSwap, so you can start yield farming as soon as we launch!
With your USDC (ERC-20), You will need to visit https://forcebridge.com/bridge/Ethereum/Nervos to move the token from L1 to L2 on Force Bridge in order to yield farm USDC on the platform.
Here’s the step by step guide:
How to deposit USDC to YokaiSwap?
- On YokaiSwap wallet, copy the L1 deposit address.
2. Visit https://forcebridge.com/bridge/Ethereum/Nervos
Select Ethereum -> Nervos on the top of the page.
Type in the amount of USDC you would like to move to L2 (USDC).
Then, paste the L1 Deposit address from YokaiSwap in the recipient field.
3. Click the Bridge button.
That’s it. It’s as simple as that to move your USDC from Ethereum to Godwoken. You will receive the Layer 2 USDC directly on YokaiSwap once the tokens have been bridged.
How to Farm with USDC on YokaiSwap?
Please note the below demonstration is done through testnet.
Become a Liquidity Provider (LP)
Before farming, you will need to become a liquidity provider on yokaiswap.com/liquidity.
1. Add liquidity for CKB/ USDC.
2. Select the token pair CKB/ USDC to provide liquidity.
3. In the Import pool, confirm the tokens that you would like to provide liquidity for, then click “Add liquidity”.
4. Enter the amount you would like to input. Then, click “Supply”.
5. You will then see a confirmation window with details on the token being deposited and the current rates.
Click “Confirm Supply” and you will receive the equivalent CKB/USDC pool token, which allows you to stake and earn YOK.
Farming USDC on YokaiSwap
- After becoming a liquidity provider, navigate to yokaiswap.com/farms
Find USDC- CKB pair, click the down arrow to expand the tab, then you will see an option to connect wallet.
2. Click Connect wallet and select a wallet. Select Metamask. Switch to the Godwoken Polyjuice Network.
3. If you have the pool token of USDC — CKB, you will be able to enable farm and start farming. Click “Stake LP” and you are all done!
If you would like to check the YOK you earned from farming, you may also come back to this page to check and harvest.
Our official launch will be on 3rd December, at 12:00 PM UTC. You are welcome to start moving your USDC to Godwoken now to prepare for being our first farmers.
Wishing you all a plentiful harvest and stay tuned on our official channels on Twitter, Discord and Blog.
About YokaiSwap
YokaiSwap is a next-generation interoperable, decentralized trading platform and the first to come from the Nervos network. As a DEX (Decentralized Exchange), YokaiSwap will have AMM (Automated Market Maker) protocol integration which will be essential for priced assets to be algorithmically and efficiently swapped for users to smart contract transactions. YokaiSwap will also have Yield Farming and Staking features so you can earn passive income after trading.
