This article is part of Rootstock’s series “Building DeFi on Bitcoin” that explores different solutions and integrations on the Rootstock blockchain that enable scaling Bitcoin, bringing DeFi capabilities to the world’s first blockchain.
WoodSwap, a decentralized exchange built on top of Rootstock, is now live on mainnet. This new dApp offers fast, secure, and seamless DEX services with an advanced concentrated liquidity mechanism for the Rootstock ecosystem.
In this article, we will guide you through using Woodswap within the Rootstock ecosystem
Getting RBTC with Woodswap
Step 1: Visit the WoodSwap official website:https://woodswap.org/home, tap the “Launch APP” button, and connect your wallet.
Step 2: Here we select Metamask as an example, connect your Metamask wallet.
Step 3: Select the token you want to trade. The upper one indicates your sell, the lower one represents your buy. Enter the amount you need to swap.
Step 4: Check the transaction details by clicking “⬇️”. There are Liquidity Provider Fee, Price Impact, Average Price, Average Price, and Minimum Receive. If you don’t have any doubt, tap the “Swap” button to trade.
Step 5. Double-check the transaction details.
Step 6: Click the “Swap” button and kindly wait a moment; your swap will be completed.
Step 7. Select ‘Receive’
About Woodswap
Woodswap is a fast, secure, and seamless DEX with an advanced concentrated liquidity mechanism, rooted in Rootstock BTC L2.
Recommended reading
Accessing the crypto landscape is not as easy or user-friendly as we like, this is why we picked out a few articles to walk you through accessing the Rootstock ecosystem:
- Looking for alternative ways to get RBTC? There are numerous ways to get it, read this comprehensive article.
- Is your current wallet compatible with Rootstock? Explore this comprehensive list of Rootstock wallets.
- Learning how to use MetaMask for Rootstock? Read the step-by-step guide to connecting MetaMask to Rootstock.
Legal Disclaimer
This article is for general information purposes only. It does not constitute legal, financial, or other professional advice, and should not be relied upon as such. RootstockLabs accepts no responsibility for any loss or damage that may arise from reliance on information contained in this publication. Readers should make their own research or seek independent professional advice before making any decision based on the information contained in this publication.
