OpenSwap Liquidity Pool Guide

OpenSwap is an Open Finance Project that provides rewards to liquidity providers. On this guide we will learn how to Swap, Create a liquidity token (LP Tokens), and supply a liquidity pool to earn rewards. If you are not familiar with “Yield FarmingI highly recommend for you to do some research on this subject before continuing on with this guide. We will be using MetaMask Mobile App but you can also follow along with your PC as well.

Connecting MetaMask to OpenSwap

Once on Harmony Mainnet you can press the menu button at the top left and select “Browser” to begin to add the OpenSwap URL.

Copy the URL exactly as written https://openswap.one and go to the website. With Metamask your wallet will automatically connect to OpenSwap.

If your wallet does not connect, you can manually do it by pressing the wallet icon at the top right. You will get the “Successful Connect” message.

Using OpenSwap Dex

At the top select $ONE token and at the bottom select the $oSWAP token to set up the swap. After you have it set up, click on the “Next Arrow” to continue the swap.

On the next page you will see information regarding the tokens we selected. Highlighted in blue you can see our balances and the amount of $ONE tokens we wished to swap for $oSWAP tokens. After we set that up, select “Approved” to confirm the contract (highlighted in green). Then submitted the “Swap” (highlighted in yellow) to finalize the swap.

Creating LP Token

  1. $oSWAP
  2. oSWAP/ONE
  3. eWBTC/eBUSD
  4. bBNB/ONE
  5. bBNB/oSWAP
  6. oSWAP/WONE-VENOM-LP
  7. bBUSD/eUSDC

Press on the liquidity icon at the top to access the liquidity section of OpenSwap. Select $oSWAP for the top and $ONE for the bottom. Click on the next button to continue on.

On the next section I used the Max amount of $oSWAP tokens to supply the LP Token. Select “Approved” button to confirm the contract. Once complete you can select the “Add” button to add the liquidity to create the LP token. After the transaction is complete you will see the LP token balance update.

Yield Farming “Provide Liquidity”

From here you will see information available for the pool and the amount of LP tokens we can provide. At the bottom select the “Stake” button to begin. Add the amoubt of LP Tokens you wish to use and “Approve” the contract.

Confirm the transactions and once they are completed you can click on the “Stake” button to support the LP Token to the pool. When it is complete you can see the LP token in the pool (highlighted in green).

You can now back out using the left bottom back button. You should now see the amount of LP Tokens you have deposited. Congratulations you are now yield farming on OpenSwap.

Thank you for using our guide on OpenSwap! I am BrotherOne Harmony Validator and I hope our guide was of some use to you. If you have any questions please reach out to me on Twitter @OniiiONE Your support is greatly appreciated! My Harmony Validator page is available on the Staking Dashboard. Please like and share to help out newcomers.

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Brother.FRA & .ONE

BrotherOne Validator & Brother.FRA. Ran by @KevKellius, Blockchain enthusiast, and decentralization supporter. Follow me on twitter for more updates