How to IERC Swap

IERC Swap is a modular built on top of the ERC-20 protocol. It allows users to swap, provide liquidity, and earn inscriptions directly. Currently, the exchange only supports trading between $ETH and $ethi inscription pairs, additional trading pairs will be added soon.

IERC Swap consists of:

Swap - the trading interface for executing swaps on IERC Swap and locking inscriptions to the platform's custodial address.

Pools - the liquidity provider interface, where LPs can add liquidity to IERC-Swap pools.

Transactions - interface for users to view the past IERC-Swap interactions.

1. Connect your wallet

Go to https://app.ierc20.com/swap. First, you need to connect to your wallet and switch to the Ethereum mainnet.

2. Click on the "Swap" tab at the bottom of the main page

Enter the amount of $ethi you desire to swap.

Check the "Slippage Tolerance" setting, the slippage tolerance is set at 0.5% by default. Adjust it if necessary to account for potential price changes during the transaction.

3. Approve and Comfirm to Swap

In order to swap on IERC-Swap, converting inscriptions to ERC20 tokens, you must first lock inscriptions to the platform's custodial address.

Swap confirmation to add the liquidity pool and the corresponding amount of $ETH required will pop up.

Note that IERC Swap requires you to add an equivalent value of both tokens.

4. Verify the Swap

Once the transaction is successful, you should see the updated balances in your wallet.

You can check the "Swap" or transaction history section to confirm the successful swap.