On 27 June 2024, Reef Chain entered a new era of capability. With a beautiful new mobile app and DEX now available, which also unveiled Reef Chain’s new compatibility with the incredibly popular WalletConnect protocol, Reef Chain is now prepared to foster a comprehensive on-chain ecosystem of decentralized finance protocols, games, NFT projects, and more.
To help everyone complete their first swap, we have prepared this tutorial that shows you how to swap three different ways: on the web using Reef browser extension, using Reef Chain Wallet to connect to ReefSwap on the web, and fully within Reef Chain Wallet.
Swapping on the Web
To start using ReefSwap in your web browser, you need a few things:
A laptop/desktop computer
Google Chrome or a Chromium-based browser (e.g. Arc, Microsoft Edge, Opera, Brave)
REEF tokens in your wallet
If you have all three prerequisites, you’re ready to visit https://app.reefswap.com and start swapping!
Visit https://app.reefswap.com
Allow ReefSwap to connect to your wallet/browser extension
You’ll be greeted with a list of tokens in your wallet, and recent wallet activity
We recommend visiting the Pools page so that you can see all the options available
Find the token you want to swap, and make sure you have the paired token (e.g. REEF/DST’N), then click ‘Swap’
Enter the amount of REEF (or other token you’re selling) into the field, and the number of tokens you will receive will automatically populate
The slippage tolerance (how much price movement you’re willing to tolerate) defaults to 0.8%. Depending on the amount of liquidity available in ReefSwap, this may or may not be sufficient. You might need to increase the slippage tolerance for a large buy order of a small volume token.
Once you have confirmed you’re happy with the trade setup, hit ‘Trade’.
A modal will pop up that contains all the parameters of the swap. If it looks correct, select 'Confirm Trade.'
Reef browser extension will show you at least one transaction if you’re selling REEF. If you’re selling another token, you will have two transactions to confirm: the first transaction allows the ReefSwap contract to sell the token on your behalf, and then the second one to process the trade itself. Both transactions are mandatory.
You will see a trade confirmation and some confetti on-screen after the trade is processed , and the tokens will be deposited to your wallet!
Congratulations on completing your first swap on ReefSwap! If you have any questions, comments or suggestions on how to improve it, please join the ReefSwap community on Discord or mention ReefSwap on X.
