CarbonSwap Finance
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Getting Started
Step by Step guides for newcomers to deFi
CarbonSwap is a dApp that runs on the EnergyWeb Chain (EWC), a public, enterprise-grade blockchain platform designed for the energy sector, that is highly scalable and has ultra low transaction costs due to it's ProofOfAuthoritity consensus, and, above all else, it's powered exclusively by renewable energy. In all other aspects it is identical to Ethereum, so you'll feel right at home. CarbonSwap for now is in fact a porting of the battle tested Uniswap v2 smart contracts onto the EnergyWebChain

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What can you do on CarbonSwap

there are several things you can do on CarbonSwap today:
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    you can swap tokens: buy a token with another
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    you can provide liquidity to the pools: becoming and "investor",
    • capturing a % of the swapping fees,
    • earning the right to farm SUSU governance tokens;
    • but taking some risks at the same time
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    you can farm the SUSU governance tokens (only after providing liquidity)
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    you can stake your SUSU tokens and get xSUSU: an enhanced version of SUSU that help you collect fees from all the swaps (denominated in SUSU), without the risks of pooling and farming SUSUs
In this guide you'll find details instructions for each of these processes. For a sneak peak of the other awesome things that are coming check the Roadmap​

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Understanding the process

In order to do any of the things above you need 3 things
  1. 1.
    To be able to connect to the EnergyWeb Chain to launch transactions and execute the functions of the CarbonSwap dApp (decentralized Application)
  2. 2.
    EWT (EnergyWeb Tokens), the native cryptocurrency of the EnergyWeb Chain, that is used to pay (very little) for transactions. This is like ETH for Ethereum.
  3. 3.
    To Bridge (or bring) tokens from the Ethereum mainnet onto the EnergyWebChain.
    • which implies that you should already have some tokens on Ethereum and understand a bit about how blockchains and dApp work.
    • Although this is the ideal way to interact on CarbonSwap, the bridging can actually be optional since you can simply "buy" some of the other tokens on CarbonSwap swapping them for EWT

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Step 1 - Setup the connection to the EnergyWeb Chain (EWC)

As a first step you need to be able to connect to the EWC. here are the parameters to configure your Metamask wallet ( Check also the other options in the Wallets section)
in MetaMask, click the round colourful icon at the top left > Settings > Network > Add Network
with these settings you'll be able to connect to both Ethereum and the EnergyWeb Chain (EWC) by selecting the appropriate network in the dropdown menu at the top left, near the round colorful icon

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Step 2. Getting some EWT (EnergyWeb Tokens)

you need EWT to launch the transactions that execute the dApps or smart contracts on the EnergyWebChain. There are several ways you could get EWT
  • You could ask a friend that has some to send you some cents for "gas". You won't need much, as the EnergyWebChain PoA consensus, is inherently ultra cheap, with 1$ worth of EWT you'll have for thousands of transactions.
  • You could buy some on any of the centralized exchanges like Kraken and the others that are listed here and send them to your wallet (be sure to send them on the EnergyWeb Chain, not on Ethereum - this is a common mistake among newcomers)
  • You can get some super small quantity of EWT on the Faucet (If you meet the criteria). We want to make it super simple for newcomers to be able to participate, so we are donating small amounts of EWT, enough to pay the gas of a couple of transactions, so that you can easily bring your tokens from ETH mainnet and instantly swap them on CarbonSwap, for some more EWT or other tokens, so you can independently operate on the EWC
With this you should be ready for Bridging your Ethereum Tokens ​
Last modified 6mo ago