A Guide Through Comdex’s cSwap Decentralized Exchange

Before now, you must hear about cSwap being a product of the Comdex network.

It is one of the many products with which Comdex pushes its goals further through the roadmap for the year, and more, towards the main vision of establishing a bridge between the decentralized and traditional finance world.

What is cSwap?

As a decentralized exchange, fully supported by InterBlockchain protocol technology, cSwap DEX is being established on the Comdex blockchain, with its interoperable smart contracts fully onboard.

With its automatic market-making (AMM) technology and liquidity pools, cSwap will enable trades to be carried out between its home network, Comdex, and other partner blockchains.

Benefits of cSwap

Accessibility.

Interoperability.

Crypto farming.

Liquidity provision.

Conversion of assets.

Cross-chain marketing.

Cryptocurrency exchange.

Helps with strategic trading.

Secured means of investment.

cSwap Testnet

The cSwap platform has not been built to full completion; was launched as a cAssets tab in the Comdex Web App, for synthetic assets namely cGOLD, cSILVER, and cOIL.

As of the 24th of August, 2022, Comdex launched the cSwap testnet, for the reviews and debugging of cSwap before its mainnet (which is now expected in a few weeks or months, at most) as an app.

Join me as I take you on a thorough guide through the cSwap Testnet.

Before Using cSwap

a. If you don’t, go to https://wallet.keplr.app/, and install it as your Chrome extension.

b. Then, click open the extension and set it up. Remember to keep your key phrase safe & guarded.

2. Now, you have to get your faucet tokens — $CMDX, $ATOM, $OSMO

a. Visit Comdex’s Discord server: https://bit.ly/ComdexOfficialDiscord.

b. Go to the #request-faucet channel and input this: “$testnet <your wallet address>”.

3. Swapping on cSwap

a. Visit https://testnet.cswap.one/, the cSwap testnet.

b. Click on CONNECT to connect your KeplrWallet.

c. Click on TRADE.

d. Select to swap the tokens or assets of your choice.

d. Input the amount, and click SWAP.

You can also visit the GOVERN tab on the cSwap Testnet: https://testnet.cswap.one/ to view project proposals and participate in governance.

Limit Orders

For instance, you can only afford to pay a total of $50 for $CMDX in the cSwap, but it sells for $68. Now, you can limit your order to $50, and this will be cancelled once you are done with the transaction.

If you set it to $60, the limit order will not cancel till the remaining balance is used or till the period of time elapses. In cSwap Testnet, the limit orders have a tolerance range. When this is filled, other orders will not be executed.

To place your limit order:

Select the LIMIT ORDER toggle.

Go to settings to change the expiry time for the transaction.

To cancel your limit order:

Select the LIMIT ORDER toggle.

Go to ACTIVE ORDERS.

Navigate to STATUS, pick the trade you want to cancel, and submit it to Keplr.

Liquidity & Farming

Connect your Keplr-cSwap account and go to the FARM.

Choose the liquidity pool you want.

In the DEPOSIT tab, view:

The details about your pool are in POOL DETAILS.

Your liquidity details are in the tab for YOUR DETAILS or MY LIQUIDITY.

Input the amount you want to stake and click MAX to automatically let the other token’s amount equate to the amount in US dollars.

ADD LIQUIDITY and approve.

Go back to the FARM.

Choose the percentage of liquidity you want to farm and confirm.

Inspect your farm in the tabs for:

FARMED LP AMOUNT,

PORTFOLIO,

YOUR DETAILS,

FARM BALANCE,

And the MANAGE tab.

About Comdex Network

Interested? Join the community now:

Website Twitter Medium Discord Telegram Reddit Newsletter Academy Web App cSwap Telegram cSwap Twitter

Composite Telegram HARBOR Protocol Twitter

--

--

A realist | a Blockchain Enthusiast | iWriteCoolShit

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store