Gmmm Square Fam🤗
Presenting the 2nd episode of The #Aleo Pulse, your one-stop hub for all things on Aleo.
Let's get in with Today's episode, frens🚀
In today's episode, we are discussing Arcane Finance, one of the most important DEXes on Aleo.
1️⃣What is Arcane Finance🤔
➡️Arcane describes itself as the Privacy-centric DEX on Aleo, which enables Full confidential DeFi Activity in a non-custodial manner.
➡️The AMM consist of the following👇
1️⃣A spot exchange backed by ZKPs⚡
2️⃣A highly concentrated liquidity AMM🏭
3️⃣Uncompromised Privacy🔒
🟦It's worth mentioning that Arcane is backed by Aleo's Snark Tank with an impressive amount of 17.5K USD [That's gud amount of funding IMO]
So now, let's get started.
1️⃣First We need to install an Aleo-compatible wallet.
You can either choose either Leo Wallet or Puzzle Wallet.
Leo -> leo dot app
Puzzle -> Puzzle dot online
Now set up your wallet as usual by writing down the phrase and saving it in a secure place.
In this case, I will be using Puzzle wallet.
Head to Puzzle Wallet's faucet and claim some Testnet Aleo credits
[Simply click the extension and you will see a Button named [Get Testnet credits]]
2️⃣Now, head to arcane dot finance and hit launch app
3️⃣Now, to start testing, we need some testnet funds.
Hit the faucet button and enter any amount.
Do not the max is 1000 in any testnet token.
Now enter the amount and press claim
Now, you will have to also approve the wallet confirmation as well.
press confirm there as well.
Now wait until the transaction is processed.
Do note that this might take some time, and can also vary from the device you are using.
4️⃣Now, head to the trade section, select a pair of your choice and perform a few swaps.
5️⃣Also make sure you've added some LP by heading to the pool section
6️⃣Now head to the leaderboard and check out points as much as you can
Daily a user gets
1000 points each for Adding LP, Swaps and claiming faucet.
In addition, you earn 100 points each for every transaction you conduct.
The more you interact, the more points you earn
So, that's all folks, I hope you got that right, and if you've got any questions feel free to let me know⚡
Make sure you share this with your #Write2Earn Frens as well!
I'll see ya with the next episode🫡
Until then, LFG!