What you need
- YFBTC , ETH, wBTC , depending on what you would like to do, buy, sell or provide liquidity.
- Metamask or another supported Ethereum wallet application.
- Supported Browser (Chrome, Firefox, etc.)
Buy YFBTC
Visit uniswap.org in your browser and click launch App.
Click ‘Connect to a wallet’ in the upper right side of the window, choose your preferred wallet application (We use Metamask in this example) and confirm the operation displayed.
After successfully connecting your wallet with Uniswap, you can choose which two ERC-20 token, or ETH you want to swap.
To buy YFBTC, you must first search for it by pasting the YFBTC token contract address in the search field:
Choose how much ETH you want to exchange for YFBTC and click Swap
Confirm the Swap and a smart contract will automatically exchange your ETH for the respective amount of YFBTC. The same can be done between any other token where Uniswap automatically routes the swap through multiple smart contracts.
Provide liquidity for YFBTC markets
Uniswap allows anyone to provide liquidity for any markets by granting token to so-called pools. Such liquidity providers can accumulate trading fees.
The following describes how to provide liquidity to the YFBTC/ETH market.
Start by connecting your Wallet to Uniswap as described in the previous part of this guide.
Click Pool and Add Liquidity
Now choose for which market you want to provide liquidity, in our case it’s the YFBTC-ETH market.
To choose YFBTC, paste the token contract address in the search field:
0xff034d12353867fc4228f4ae3e689cd6dcaad120
Choose how much token you want to lock to act as liquidity, click Supply and confirm.
Note: You always need the same amount of token worth on both sides, e.g $100 in YFBTC and $100 in ETH.
YFETH UTILITY
YFswap is building a comprehensive ecosystem to create the next batch of DeFi versions of top legacy cryptocurrency such as BTC and ETH. YFSwap is also a Dex exchange on YFswap.finance which aims to be an alternative for Sushiswap. YFswap aims to link liquidity between top crypto exchanges such as Huobi, OKB, Binance, by integrating their native tokens as pairings to obtain YFswap own reward token YFETH.
YFBTC UTILITY
As EOS created DMD, and TRON created Pearl, YFswap will be creating YFBTC as its primary yield reward but with an additional utility to farm other future LP DeFi pairs such as YFTRX & YFDOT. YFBTC can primarily be farmed using wbtc, renbtc & tbtc. YFswap.finance will be fully independent of BITTO once the community is large enough via governance & timelock protocol only to be supported through technical future development. Decisions will be made entirely by the community for example on which token to be listed and pairings to be added.
🌏 Website: https://www.yfswap.finance/ & https://www.yfbtc.net/
🐥 Twitter: https://twitter.com/yfswap
📰 Medium: https://yfswapfi.medium.com/
💬 Telegram: https://t.me/yfswap
⌨️ Github: https://github.com/Yfswapfinance
👨🏻💻👩🏻💻 Learn more about YFSwap & YFbtc.net
