wXTZ — How to Trade and Deposit Liquidity on DEXter

If you aren’t familiar with DEXter, DEXter is a decentralized exchange on Tezos. In the guide below, we’ll walk through trading on DEXter as well as providing liquidity.

Setting Up

Step 1:
First you’ll want to set up a wallet to connect to DEXter. There are several options, but the most popular may be Thanos.

Step 2:
After you have your wallet ready, you’ll also want to make sure you have XTZ or wXTZ in your wallet, depending on which pair you want to trade. Or both if you’re depositing liquidity.

Step 3:
Next, you’ll want to click on “Connect Wallet”.

Trading

Step 4:
After you’re connected, you can easily begin trading on the “Exchange” tab. The image below shows the setup to trade wXTZ for XTZ. However, you can click on the arrow buttons in the middle to trade XTZ for wXTZ.

Step 5:
Enter an amount to trade and click on “Exchange wXTZ for XTZ” or “Exchange XTZ for wXTZ”.

Step 6:
You’re all done! Note: If you’re trading a large amount, you may need to allow for greater slippage.

Adding Liquidity

Step 7:
If you want to add liquidity, you’ll navigate to the “Liquidity Pool” tab -> “Add Liquidity”.

Step 8:
Enter an amount to add and click on “Add liquidity”.

Step 9:
You’ll see your share of the liquidity pool on the right side, however, these LP tokens are not transferable.

Step 10:
If you’re ready to exit the liquidity pool, navigate to the “Remove Liquidity” section.

That should be everything you need to get started on DEXter!

A note about the expected volatility of wXTZ: Wrapped Tezos represents a new asset class on Tezos. It is directly exchangeable for 1 XTZ but only by users who have a XTZ vault with a positive balance and a desire to burn wXTZ can unlock their XTZ. At any given time, especially before there is ample external utility and more liquidity for wXTZ, it is likely that wXTZ will not stay closely pegged to XTZ. Expect significant volatility.

To learn more, watch Jonas Lamis walkthrough “How to Trade and Deposit Liquidity on DEXter”:

Join our community or visit wXTZ Docs and FAQ to learn more about wXTZ.

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