A Comprehensive User Guide for Melanin Capital on Uniswap DEX within the Melanin Ecosystem
Melanin Capital is a liquidity solution within the Melanin Ecosystem that enables users to bridge on-chain assets like WHIVE and Bitcoin into swapable assets on Uniswap. This comprehensive user guide will walk you through the process of using Melanin Capital to bridge assets and provide liquidity on decentralized exchanges like Uniswap.
To interact with Uniswap and trade assets bridged through Melanin Capital, you will first need to install the Metamask Wallet, which is a browser-based extension wallet for Ethereum and ERC-20 tokens. You can download and install the wallet from the official website: https://metamask.io/
After installing Metamask, you will need to create a new wallet or import an existing wallet using your private key or seed phrase. Make sure to backup your seed phrase and store it securely.
To bridge your WHIVE or Bitcoin into swapable assets on Uniswap, you will need to use a service like RenBridge or another compatible bridge service. Follow the steps provided by the service to convert your on-chain assets into ERC-20 tokens compatible with Uniswap.
After bridging your assets, you will need to add the resulting ERC-20 tokens to your Metamask wallet as custom tokens. Follow the same steps as mentioned in the aWHIVE guide, using the contract address, token symbol, and decimals provided by the bridge service.
Visit the Uniswap website at https://app.uniswap.org/ and click on "Connect Wallet" at the top right corner. Choose Metamask from the list of available wallets and confirm the connection in the Metamask pop-up window.
Now that your wallet is connected, you can start trading bridged assets. Click on "Select a token" and search for the ERC-20 token that represents your bridged asset. Next, choose the token you want to trade against. Relevant pairs include WHIVE/ETH, WHIVE/USDT, WHIVE/USDC, WHIVE/DAI, BTC/ETH, BTC/USDT, BTC/USDC, and BTC/DAI.
Enter the amount of the bridged asset you want to buy or sell. Uniswap will automatically calculate the corresponding amount in the other token based on the current market rate. You can also set a specific price by clicking on the settings icon and adjusting the slippage tolerance and transaction deadline.
Once you're satisfied with the trade parameters, click on "Swap" and then "Confirm Swap." A Metamask pop-up window will appear, asking you to confirm the transaction. Review the details, including gas fees, and click on "Confirm" to submit the transaction.
You can monitor the status of your transaction on Etherscan by clicking on the transaction hash provided in the Metamask notification. Once the transaction is confirmed, your new tokens will appear in your Metamask wallet.
Congratulations! You have now successfully traded assets bridged through Melanin Capital on Uniswap DEX with relevant pairs within the Melanin Ecosystem.