ValleySwap — a decentralized exchange, powered by Oasis, that includes features such as liquidity farming, swaps and IFOs. Valleyswap follows a non-custodial, peer-to-peer automated market maker model. The team aims to provide a fast, secure and cheap token exchange service and become one of the best launch pads on Oasis.
Description of the ValleySwap project
ValleySwap — an automated market maker (AMM) and the exchange is at the heart of ValleySwap. ValleySwap - the leading AMM on the Oasis Smart Chain network and decentralized exchange (DEX).
Distinctive features:
| Initial farm offers (IFO) | This is an event that allows users to purchase new tokens from new projects. But this offer is limited in time and the number of coins, available for purchase. |
| Liquidity pools | LP tokens, for which you will be rewarded in the form of a trading commission for having liquidity on the exchangeь. |
| Yield Farming | Yield Farming allows users who provide liquidity to earn VS rewards by locking their LP tokens in a smart contract. |
A liquidity pool - a collection of funds, locked up in a smart contract. Liquidity pools help to facilitate decentralized trading, lending and many other functions. Firstly, you need to click on the "Liquidity" link on the site. Click the “Add liquidity” button on the next screen that appears. Select the preferred pairs of tokens you wish to provide. Select the amount and click the "Approve" button to continue. Once the approval of your token has been confirmed, you can proceed to the initial supply by clicking on the “Give” button. Make sure everything is correct and confirm the transaction in your wallet.
Other work details
To use the coin defi project, you need a MetaMask wallet. It is one of the most used wallets in DeFi. It can be downloaded on Chrome and Firefox, or on iOS and Android if you're a mobile user. Go to the MetaMask download page and follow the installation instructions, given by the application. Click "Create Wallet". You will see your wallet, ready to send and receive funds. Click on the menu in the upper right corner and select the "Settings" button. In the "Settings" section, click the "Networks" button. Click the “Add Network” button to set up a new network.