Navigating Shariah-Compliant DeFi: A Step-by-Step Guide to Buying and Trading ISLM on Sushi
Decentralized exchanges (DEXs) like Sushi are revolutionizing the world of decentralized finance (DeFi), providing users with autonomy and flexibility. HAQQ, aligning with this ethos, introduces ISLM on various DEXs, starting with Sushi. Here's a step-by-step guide for supporters interested in exploring this Shariah-compliant DeFi experience:
1.Bridge Your USDC to HAQQ:
If you hold USDC in Metamask, use Axelar’s Satellite Money to bridge it from Ethereum to HAQQ. Alternatively, explore options like Osmosis or Squid powered by Axelar for transferring tokens.
2.Explore Axelar Satellite Money:
For those opting for Axelar Satellite Money, a quick guide is available to assist in the bridging process.
3.Swap USDC for ISLM on Sushi:
After bridging, open your HAQQ wallet, tap the browser icon, and choose Sushi. Select USDC, specify the amount, choose ISLM as the desired asset, and click "Approve USDC." Sign the transaction to complete the swap.
4.Trade ISLM for Other Assets:
Now that you have ISLM in your wallet, use it to trade for other assets like wBTC on the HAQQ Network. Select ISLM, specify the amount, choose the desired asset, approve, and swap seamlessly.
5.Auto-Gas for Improved User Experience:
HAQQ enhances user experience by implementing an auto-gas feature. This feature automatically tops up accounts with ISLM, covering gas fees for Axelar transfers and facilitating smooth transactions on HAQQ.
6. Stay Updated on ISLM Pools:
HAQQ is actively expanding ISLM pools across various DEXs, providing more opportunities for users. Stay tuned for updates on this exciting development.
7.For Liquidity Providers:
If you're keen on providing liquidity on the concentrated ISLM <> USDC pool on Sushi, HAQQ will soon release a comprehensive guide to help you maximize fee earnings from swaps and trading activities.
