YokaiSwap Update - Next generation interoperable Automated Market Maker (AMM) built on Nervos.
A next evolution DeFi exchange on Nervos Network
YokaiSwap has updated their testnet with a brand new UI.
More user-friendly UI design
"Info" page to show analytics
ROI Calculator in Farms and Pools
"Expert Mode" and "Disable Multi-hops" in settings
Why is this exciting? Force Bridge on Ethereum is LIVE, but you can’t really do much at this point except convert your Ethereum Assets to the derivative ckETH. When Yokaiswap goes live, you will be able to take your ckETH and stake in Liquidity Pools (LP). Seeing YokaiSwap moving closer to Mainnet is exciting. Let’s go over some of the new features.
If you are not familiar with YokaiSwap, see the following posts below:
Let’s talk about the updated user interface (UI). I gave a lot of feedback about the UI and I am so pleased they implemented some of my recommendations. The toolbar has been redesigned and cleaned up. It has been relocated to the top of the page instead of a sidebar.
There is also a brand new Information page. Let’s check it out.
If you want to enable expert mode, you have the ability to do so as well in the new UI.
Let’s now have some YokaiFUN!
In this example, we are going to Mint some dCKB in NexisDao and then we are going to Stake dCKB-USDT liquidity pair (LP).
First, we will browse to NexisDao.
Next, click dCKB and let’s mint 5000 dCKB.
Click Mint and enter 5000 and click Confirm.
Now let’s transfer it to our dCKB wallet on layer 1. Select Transfer | Confirm and Sign the Transaction.
We now have 5000 dCKB.
Let’s now add that 5000 dCKB to Layer 2. Select Bridge | Deposit and sign the transaction in MetaMask.
Next select Trade | Liquidity from the menu bar and choose Add Liquidity.
Select dCKB and USDT and the appropriate values and click Supply and sign the transaction.
Next, Confirm Supply.
We have now created some Liquidity.
Now, select Earn | Farms and expand dCKB-USDT LP.
Select Stake LP | Max | Confirm.
After clicking confirm. I am now farming the dCKB-USDT liquidity pair.
I am also crushing it in my Auto YOK pool.
In a future post, I’ll show you how to convert your layer 2 assets back to CKB to increase your bag. If you like this post, go ahead and subscribe below to get more content from Everything Nervos.