How to trade on Viper Swap: Step by Step Guide
Viper Swap is a decentralized protocol deployed on the Harmony (ONE) blockchain that enables users to make decentralized token swaps. With Viper Swap, traders can exchange HRC20 tokens without having to trust anyone with their funds.
Step 0: Download Blits Wallet
If you have not done so yet, download Blits Wallet from the App Store if you are on iOS, or from Google Play, if you are on Android.
Android: http://bit.ly/3nhvArJETH
iOS: http://apple.co/2K5lHzL
Step 1: Enter Viper Swap
From Blits Wallet, go to the DeFi tab and select Viper Swap from the options. Then tap on Exchange to start swapping tokens.
Step 2: Select the token you want to trade “From”
Choose the token you want to trade from in the dropdown menu in the “From” section; the default token is ONE. Whichever token you choose, you will need to make sure you have enough balance to trade with. You can visualize your balance above the token dropdown menu.
Step 3: Select the token you want to trade “To”
Choose the token you want to trade to in the dropdown menu in the “To” section. Remember, you will need to make sure you have enough balance to trade with. You can visualize your balance above the token dropdown menu.
Step 4: Enter the number of tokens you want to trade
Once you have selected the tokens you want to swap, you can enter the number of tokens you want to swap from, and the form should auto-complete the estimated amount of tokens you will receive. Alternatively, you can fill in the number of tokens you want to receive, and the form should auto-complete the number of tokens you need to make the trade.
Step 5: Confirm Swap Details & Send Transaction
Once you have completed the form, tap on the “Confirm” button to continue. A modal should open up showing the details of the trade you are about to make. Among the details you will be able to visualize are the exchange rate, the minimum amount of tokens you will receive, the impact on the price that your trade is causing, and the total fees paid to Liquidity Providers. If everything is correct, tap on continue to go to the Transaction Details Modal. Once you are on this modal, you will be able to modify the network fees, if needed. Finally, to send the transaction, tap on “Confirm” to broadcast the transaction to the network.
Step 6: Done!
That’s it, you have made your first trade in a decentralized Automated Market Maker (AMM) protocol. By combining DeFi protocols, Harmony’s 2-second finality & low network fees, and Blits Wallet we can have a glance at the decentralized, non-custodial & trustless future that lays ahead.
Download Wallet
Android: http://bit.ly/3nhvArJETH
iOS: http://apple.co/2K5lHzL
Blits Labs
Website: https://blits.net
Twitter: https://twitter.com/blitslabs
Telegram: https://t.co/YYiPOq4X2D?amp=1
Disclaimer and potential risks
Blits Wallet is a non-custodial mobile graphical interface that facilitates the interaction with the decentralized protocol Viper Swap deployed on the Harmony blockchain. Blits Labs does not manage, control or take responsibility for any interactions with the Viper Swap protocol or any of the listed tokens. Before interacting with any decentralized protocol do your own research on the team, functionality, risks, governance, and limitations, among others.
