🛠️Getting set up
Trustlessly transfer funds between any GROK-enabled chain.
All of the top Layer 2 support frictionless stablecoin transfers via GrokSwap, and additional chains and assets are constantly being developed. Additionally, you can smoothly switch between stablecoin assets on other chains, such as from Binance Smart chain's BUSD to Avalanche's USDT, or vice versa.
How to use the bridge:
Open the W application and select the "Bridge" tab.
Using the "From" drop-down option, choose the network from which you want to withdraw money (if necessary, agree to your wallet's request to switch networks to that chain).
From the dropdown menu to the right of the input box, choose the assets you want to bridge (stablecoins, ETH, or W, plus an expanding range of tokens from partnerships).
From the "To" drop-down option, choose the destination chain. Fill out the number form with the amount you want to transfer.
Verify the amount you will get is accurate, then click "Approve Token" to give GrokSwap permission to use the stablecoin you are exchanging.
Once the approval has been verified, click "Bridge Token" to bridge your funds.
Please take note that while bridging to a non-Ethereum chain, you will receive the given quantity of the native token, sufficient for you to make 1-2 swaps when you arrive.
Your transaction will be followed in the "Bridge Transaction" below the interface once it has been confirmed on the source chain, along with the matched transaction that results on the destination chain. You will be able to see how many confirmations are still needed before you reach the destination chain for that transaction. The block explorer for the required chain can be used to follow transactions using the hyperlinked addresses for each one.
Once the transaction has been recorded in a block on the source chain, bridging money will take about 2-3 minutes.
Earn swap and bridge fees by facilitating layer DeFi infrastructure.
In many respects, liquidity is the key to all of business. Value cannot be realized or exchanged without liquidity, which limits markets and users. With the introduction of various Layer 1, sidechains, and Layer 2 solutions, liquidity in DeFi has become fragmented, creating problems for slippage, user experience, and market stability. You can earn yield while helping to solve this issue by providing liquidity within GrokSwap's nexus stablecoin or ETH pools on Ethereum or its many nUSD and nETH pools around the DeFi world.
Adding Liquidity
Open the GrokSwap app and select the "Pools" option. Make sure you are on the chain you want to deposit assets from; if not, utilize the W Bridge to transfer your assets to the proper chain.
Fill out the appropriate number fields with the amount of each stablecoin asset (or ETH if using Arbitrum) you want to supply as liquidity.
To authorize W to administer the assets you are depositing, click "Approve Token".
Once all required clearances have been verified, click "Deposit" to add liquidity.
You still need to stake your LP tokens in order to earn yield, therefore you are not finished yet.
It should be noted that there is a bonus or penalty cost for contributing assets to the pool that are either under- or over-provided. You can guarantee no pricing impact by contributing the same proportion of each asset to the pool, or you can guarantee the biggest positive bonus by contributing the asset that is most under-provided.
Staking LP tokens
After providing liquidity, open the GrokSwap app and go to the "Stake" option.
Enter the quantity of LP tokens you wish to stake or, to stake all of your tokens, click the "Max" box above the number field.
Give W permission to manage your LP tokens by selecting "Approve Token"
After the approval has been verified, click "Stake" to start staking your tokens and earning yield.
Swap pegged assets with frictionless slippage
Despite the fact that GrokSwap focuses on cross-chain transactions, its fundamental component has always been an AMM that permits low slippage swaps between pegged assets on any chain. Users can switch between native stablecoins at the best rates on any W-enabled chains at any time by using GrokSwap.
How to swap
Open the GrokSwap app and select the "Swap" tab.
Verify that the chain in your wallet on which you want to exchange assets is active.
Using the "From" drop-down option, choose the asset you want to change out of.
Utilize the "To" drop-down option to choose the asset you want to exchange into.
Enter the sum you want to transfer in the numeric area.
Verify the amount you will get is accurate, then click "Approve Token" to give W permission to use the stablecoin you are exchanging.
Once the approval has been verified, click "Swap" to start the transaction.
If you use a DEX aggregator like 1inch, or Yield Yak, GrokSwap can also be used by default to swap pegged assets. This is because the protocol provides the best prices for these swaps, and your trades will be forwarded through them.
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