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zkSync Era main network is about to go online. How does the test network interact DEX

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"Maybe DEX is the leader of zkSync ecology in the future"

zkSync recently announced the launch of version 2.0, which is called zkSync Era. SyncSwap is the newly launched AMM Dex (available on March 1st) on the zkSync Era test network. By interacting with SyncSwap, on the one hand, Can increase the chance of getting ZK airdrop; On the other hand, if SyncSwap does air drop in the future, you, as an early adopter, may be eligible for rewards.

Introduction to SyncSwap

SyncSwap is Matter Labs' decentralized trading platform on zkSync Era testnet. The protocol is designed to be a liquidity solution at the level of zkSync Era network transactions. The protocol is fully open source and composable. Removes barriers to integration in the zkSync ecosystem. Although no financing has been disclosed, the fact that it is "supported by Matter Labs" is sufficient. SyncSwap leads to better development and may be the leading zkSync ecosystem Dex in the future.

The Dex has the features of no license and fully open for public use. Anyone can token swap at will to become a liquidity provider on SyncSwap and earn profits.

The SyncSwap agreement will charge transaction fees for all transactions. Transaction fees are 0.1% for the Classic Pool, 0.07% for the liquidity provider, and 0.03% for the protocol, meaning that the liquidity provider will receive 0.07% of all transactions in the pool. For example, for a 100,000 USDC transaction, 70 USDC added to the liquidity pool can be collected by the liquidity provider.

Interactive process

Claim test coin

First of all, need to goOfficial websitePick up test coins.

BlockBeats Note: You need to connect to Twitter to retweet tweets (automatically generated, tweets contain your Ethereum address, need to check whether the address is correct), no avatar or new Twitter account can not get.

If the first method is not available, another method is via zkSync Era Goerli Official BridgeFrom ETH Goerli Bridge to zkSync Era testnet, note that the Gas across the bridge is high and the process takes about 5min.

BlockBeats Note: In this process, note that the network is displayed as Ethereum Goerli, remember not to switch the network to Ethereum mainnet.

Swap and add pool (USDC as an example)

Go inside.SyncSwap websiteUnlock the wallet. Switch to zkSync Era testnet.

Of course, the SyncSwap website can also tap Faucet to claim the test coins, provided the wallet has Gas in it.

The next step is to conduct swap. Select ETH and one token of USDC, USDT, DAI, WETH for swap (USDC in this paper), as shown in the figure. You can select the proportion of swap, and it is recommended to select 50% or 25%.

Next, to add liquidity, click Pool and click New Position in the upper right corner respectively to Enter Pool.

Click Deposit to deposit ETH and USDC and add liquidity.

BLockBeats Note: To use this function for the first time, you need to authorize Unlock USDC before you can Deposit.

Then switch to Withdraw, click Permit LP token, Withdraw Liquidity, of course only part of it needs to be removed, and confirm in your wallet.

Finally, you can click on My Position to see the tokens you have added to the liquidity pool.

This interactive experience is smooth, no lag, but high Gas (geth) consumption, remember the need to pay attention to the point, it does not need to spend a lot of time to complete, just do it!!