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JLSwap
JLSwap

JLSwap is a Decentralized Finance product built on the EOS EVM Blockchain. It offers swaps, liquidity pools, and farming opportunities.

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a year ago

Screenshot: JLswap website

It is crucial to exercise caution when engaging with the services offered by this project. EOS Support does not assume responsibility for any potential problems, damages, or losses that may occur as a result of utilizing the services provided by this project.

About JLSwap

JLSwap is a Decentralized Finance (DeFi) product built on the EOS EVM Blockchain. It’s functioning as a public platform, accessible to anyone who connects their wallet without the need for registration to initiate their first trade. JLSwap provides a range of products including swaps, liquidity pools, and farming opportunities. The software of the JLSwap is open source and maintained on GitHub. The platform has its own token called JLS which is tradable with other tokens available on the platform.

How to Use JLSwap

Registration is not required when using JLSwap. Figure 1 demonstrates that all you have to do is connect your preferred wallet to access the wide array of products offered on the platform. Once your wallet is successfully connected, your account name will be prominently displayed in the top right corner of the dApp.

Figure 1: Connect Wallet to avail an array of products.

Note:

  1. Click on the Connect Wallet button, select your preferred Wallet, and sign the transaction.

Products offered by JLSwap

As exhibited in Figure 2, the following DeFi products are available at JLSwap:

  1. Swap tokens

  2. Add liquidity and earn crypto

  3. Farm crypto

  4. Inter-blockchain token transfer

Figure 2: Products offered by JLSwap.

How to Swap Tokens

After successfully connecting your wallet, click on the Swap button to convert one token to another token. Figure 3 shows the process of swapping the EOS token for the JLS token. In this example, the Metamask wallet is connected to the dApp.

Figure 3: Swap Tokens.

Procedure:

  1. Set the slippage tolerance for your transaction.

  2. Choose the token to be converted. In this case, it is EOS.

  3. Select the destination currency. In this case, it is JLS.

  4. Enter the number of tokens to be converted. In this case, it is 0.1. The balance of your wallet should be more than the amount.

  5. Amount of destination currency, we will receive. In this case, it is 894.91485.

  6. Exchange ratio.

  7. Click on the Confirm button to initiate the transaction. You will get a chance to review the transaction. If you are satisfied with all the settings of your transaction, click on the second Confirm button. At this point, the transaction will be directed to your connected wallet. If you encounter any issues or if something doesn't seem right, you have the option to Reject the transaction within your wallet. Finally, execute the transaction by clicking on the Confirm button in your wallet. Confirmed transactions are traceable at EOS EVM Block Explorer.

How to add Liquidity

Adding a liquidity feature is very important for the success of any cryptocurrency. JLSwap offers it using quite a few pair of tokens. The following figures depict the procedure to add a liquidity feature.

Figure 4: Approve JLS for adding to Liquidity Pool.

Procedure:

  1. Select the first token. In this case, it is EOS.

  2. Select the second token. In this case, it is JLS.

  3. Enter the amount of the first token you want to add to the liquidity pool. The balance of your wallet should be more than this.

  4. The amount of the second token is to be added to the liquidity pool. The balance of your wallet should be more than this.

  5. Click on Approve JLS button to approve JLS Token. You will get a chance to review the transaction. If you are satisfied with all the settings of your transaction, click on the second Confirm button At this point. you will be directed to your connected wallet to approve JLS.

As shown in Figure 5, after approving JLS, you have to confirm the supply of the pair of tokens.

Figure 5: Confirm Supply of token pair to Liquidity Pool.

Procedure:

  1. Click on the Confirm Supply button to initiate the transaction. You will get a chance to review the transaction. If you are satisfied with all the settings of your transaction, click on the second Confirm button. At this point, the transaction will be directed to your connected wallet. If you encounter any issues or if something doesn't seem right, you have the option to Reject the transaction within your wallet. Finally, execute the transaction by clicking on the Confirm button in your wallet.

You can try out their other features such as Farm Crypto and Inter-Blochcain Token transfer.

The project is among the affiliated projects of EOS Respect.

Author: Sukanta Manna

Editor: Markus Hinrichs

Sources & References

  • Image credits:

    • Sukanta Manna

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