What Is MilkySwap (MILKY)?
Putting the power in the hands of the people by allowing you to vote on how you want to earn. Faster and cheaper with minimum slippage is what offer. The freedom to choose how and what you do with your money with as few restrictions as possible. MilkySwap makes it easy to make your crypto work for you for those yummy yields. MilkySwap is the epicentre of the MilkySwap ecosystem. Buy it, bridge it, farm it and stake it.
MilkySwap is a custom-built decentralized exchange built on the Milkomeda sidechain for Cardano. MilkySwap allows you to exchange tokens with low fees, faster transaction times, and minimal slippage, while also enabling you to bridge your Cardano tokens with Ethereum. Milky Swap adopts a farming model that is a combination of SushiSwap’s and CurveDAO’s farming mechanics.
The Milkomeda C1 sidechain uses MilkADA as its base asset for paying fees and gas. To access the sidechain, you will need a Cardano wallet with some ADA as well as the MetaMask browser extension. On the following pages they will walk through the steps to create a Cardano wallet in Flint, configure MetaMask to get a Milkomeda C1 address, and finally send ADA to be converted into MilkADA on Milkomeda C1. Your first step is to install Flint Wallet. You can find more details on M1 here.
MilkySwap Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Getting started with MilkySwap
The MilkySwap C1 sidechain uses MilkADA as its base asset for paying fees and gas. To access the sidechain, you will need a Cardano wallet with some ADA as well as the MetaMask browser extension. On the following pages they will walk through the steps to create a Cardano wallet in Flint, configure MetaMask to get a Milkomeda C1 address, and finally send ADA to be converted into MilkADA on Milkomeda C1.
Configuring Flint Wallet
Flint Wallet is a Chrome extension that serves as a convenient go-to light wallet for DeFi and NFTs. The current version of Flint allows users to enable “Milkomeda mode” to send transactions to the Milkomeda C1 sidechain. Install Flint Wallet by visiting the following link while using Chrome browser and clicking the “Add to Chrome” button Install Flint Wallet. After installing, click the “puzzle piece” icon at the top right of the Chrome window to access your extensions.
MilkySwap the Flint Wallet window, proceed past the initial warning screen, click “Let’s Begin”, choose your language, click “I agree”, and when you arrive at the screen shown below, click the “Mainnet” button. Confirm the recovery phrase at the next screen, set a wallet password, and click “Create my wallet”. For now you can select “Skip” at the App Passcode screen, and then click “Finish”.
The next step is to obtain an address on the Milkomeda C1 sidechain where they can receive MilkySwap. For now, they recommend using MetaMask for this step. First, install MetaMask for Chrome. Then, click the Chrome Extensions icon and select MetaMask. Within the MetaMask window, click “Get Started” and then “Create a Wallet”. Set a wallet password and click through the rest of the setup screens. When finished, you should have a new empty wallet as shown below. Select the network dropdown at the top right of the MetaMask screen.
Open the Flint Wallet window and click “Send”. At the next screen, enable the “Milkomeda mode” toggle, paste the MilkySwap C1 wallet address currently in the clipboard into the “Milkomeda Ethereum Address” field, and enter the amount to send (1 ADA in this example). The transfer will require 10 confirmations, which should take approximately 5 minutes. Once the transaction is confirmed, the transferred MilkADA should be visible in your C1 wallet in MetaMask.