Arthswap Tutorial: An easy guide to get started in the Arthswap Platform

Arthswap is one of the top Defi platforms on Astar Network. With a lot of functions and really High APR’s has managed to become the highest TVL Defi on the Polkadot ecosystem (over 110M at the time of writing) If you are new to Polkadot and Astar Network this is a simple tutorial for you to get started!

We are going to check together some of the platform functions:

1. Swap tokens
2. Add liquidity to receive LP tokens
3. Stake to existing farming pools
4. Bridging assets among a variety of networks
5. What is Faucet?

Before we start you need to download the Metamask extension to your browser. Its really simple and you can follow this link

Once you download it you need to add Astar Network and put some funds in it.This YouTube video from Astar Degens is all you need to achieve it.

Lets dive in

Visit Arthswap and connect your wallet to the platform. Make sure to change your network to Astar’s and sign in.

On the top left corner you can see all the available features ( Swap, Pool, Farm, Bridge, Faucet, Stake, Lend). Some of them are not available yet but they will be really soon according to Arthswaps Team updates.

Number One – Swap

The first think you have to do is to swap your ASTR tokens for WASTR (Wrapped Astar Token). Metamask will pop up on your top right corner. Approve the transaction and be patient for few seconds.

Now that you have some WASTR you can choose between a variety of tokens to swap them with. Click the swap button, approve the transaction, wait few seconds and you are ready. This process will cost you around 0.003 WASTR. Fast transactions with super cheap gas fees!

***Number Two – Pool ***

In this function you can choose 2 tokens on 50-50 split $value and create an LP pair. You are providing liquidity to a pool and for exchange you are receiving rewards in ARSW token. There are high and low APR’s so can you choose what suits you better. You can check the existing pairs on the farming pools and create one of them to have a share of the pool.( You can also create your own pair but probably you will lose your tokens so better be careful). There will be 2 transactions. The first one is to approve the pair and the second one is to confirm the supply.

Number Three – Farm

This page is connected with the previous one. Once you have created LP token from the existing LP pairs then your tokens are being placed automatically into the pool. You will see a mining label next to the pair along with the estimated APR, the Liquidity of this Pool, your Liquidity, your Estimated Monthly Earnings and the Multiplier.

Lets brake them down:

1. APR stands for Annual Percentage Rate. It’s the monetary value or reward that you may earn by providing liquidity
2. Liquidity represents the total amount of tokens/$ that has been locked into the pool
3. Your Liquidity shows your token share of this pool
4. Estimated Monthly Earnings are the rewards you are going to receive this month
5. Multiplier increases your rewards by X on each block

Number Four – Bridge

Transfer your tokens between different networks by using cBRIDGE V2 provided by Arthswap’s partner Celer Network. You can choose one of the supported tokens and transfer them among 4 unique networks (Ethereum, BNB Chain, Polygon and Shiden).

Number Five – Faucet

Faucet is an easy way to take some free ASTR tokens. It’s a small amount for completing a task or paying some gas fees. You need to wait 48H until the Faucet opens again for you.

I hope you found this tutorial useful. If you have any questions I am glad to help! You can always reach me on my Twitter Profile.

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