Detailed Saros Finance User Guide (2021)

 116 total views


2021-10-16 13:05:17

Saros is an ecosystem developed by CHK, including DeFi products on Solana, including: SarosSwap (AMM), SarosFarm (Pool), SarosStake (Staking) and SarosPad (Launchpad). Coming to Saros, you will fully experience DeFi’s unique features. This article guides you on how to use Saros in the most detail.

Preparation before using Saros

Download and install CHK Wallet

Currently Saros is available on CHK Mobile Wallet for both iOS and Android.

Read instructions Install CHK Wallet Details or watch the video tutorial below:

Download and install CHK Extension Wallet

CHK Extension Wallet now has brother support on both Chrome and Firefox browsers. If you are a new user, you can directly install Extension Wallet on your computer:

Create Solana wallet (SOL & SPL tokens)

Since Saros is a project located on Solana, you definitely need a Solana wallet (SOL, SPL) to use this platform.

After you have downloaded or updated CHK Wallet, you can follow the instructions below to create a Solana wallet (SOL, SPL) or import an existing wallet on other wallet applications into CHK Wallet.

  • Instructions for creating a Multi-Chain wallet here (encourage).
  • Instructions to create Solana wallet (SOL, SPL) here.
  • Instructions to import Solana wallet (SOL, SPL) from Sollet wallet here.
  • Instructions to import Solana wallet (SOL, SPL) from Phantom wallet here.

If you are currently a user of CHK Wallet, please refresh the wallet multi-chain to update your Solana wallet (SOL, SPL) as well as other new wallets available in this version!

Prepare SOL as a gas fee

Saros use SOL to waste gas. Therefore, in order to fight on Saros, you must have SOL do fees.

So everything is ready, let’s start the real battle.

Currently, Saros only allows users to use the Swap feature of SarosSwap, in the future the project will launch more SarosFarm (Pool), SarosStake (Staking) and SarosPad (Launchpad). CHK will update details on how to use other products as soon as there is a notice from the project.

Instructions for using SarosSwap on Saros

On CHK Mobile Wallet

To access Saros Swap.

From the main screen of the wallet after logging in, you access Browser (Browser) and select Saros Swap in the Exchange section of DApp Store or search in the search bar.

Step 1: After accessing Saros Swap from DApp Browser, you click on the icon Connect Wallet in the upper right to connect to CHK Wallet. Saros will automatically connect to your CHK Wallet.

B2: Item Exchange At the main screen of Saros Swap, you choose the token pair you want to trade, enter the corresponding amount. Then press Swap.

If you do not have enough SOL, Saros Swap will report as shown in the picture, you can choose another wallet in the box below.

Note: Transaction fees on Saros are quite cheap, but you also need to store some SOL for gas fees while swapping for transactions to be completed.

B4: The screen will display the last information for you to confirm, in which note the number of swap assets, the number of assets received, and parameters such as:

  • Rates: Price ratio between the pair of tokens you want to swap.
  • Price Impact: Estimate the difference between actual and theoretical swaps.
  • Swap Fees: SOL number used as transaction fee.

After checking everything is correct, press Confirm.

On CHK Extension Wallet

CHK Extension Wallet with the latest updated version allows users to connect to Dapps easily.

Another highlight of CHK Extension Wallet is the drag bar Gas fee Convenient to optimize the cheapest gas setting but still ensure the fastest transaction speed.

Step 1: After accessing Saros, brothers scroll down, select Saros Swap.

Step 2: You choose Connect Wallet in the upper right corner of the screen. Saros will connect himself to CHK Wallet.

Step 3: Item Exchange At the main screen of Mercurial Finance, you select the token pair you want to trade, enter the corresponding amount. Then press Swap.

Note: Transaction fees on Saros are quite cheap, but you also need to store some SOL for gas fees while swapping for transactions to be completed.

Step 4: The screen will display the last information for you to confirm, in which note the number of swap assets, the number of assets received, and the parameters as I described above, including: Rate, Price Impact and Swap Fee.

After checking everything is correct, press Confirm.

summary

Thus, I have introduced and guided you in detail the ways to optimize profits with Saros. You can refer to the analysis of Saros Finance’s operating model below to be able to find investment opportunities with the project right from these first steps of development.

Explore more: Analysis of operating model Saros Finance

In addition, if there are any problems or questions during the implementation process, please leave a comment below, the CHK team will support you to answer them right away! Don’t forget to subscribe and join CHK Insights’ groups and channels below to discuss with admins and other community members:

.

#Detailed #Saros #Finance #User #Guide

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Close Bitnami banner
Bitnami