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Use Metalswap to Protect From Volatility - Linea Goerli Testnet

Chapter 1: Getting the Demo Tokens​

  • Obtain Goerli ETH tokens for transaction fee payments.
  • Also, 0,1 Goerli ETH will be asked to get WBTC and USDC test tokens.
  • Visit the MetalSwap demo interface at https://testnet-linea.metalswap.finance.
  • Click on "Tokensâžť Faucets" to request WBTC and USDC test tokens.

test tokens faucet menu

  • If prompted, switch networks to the Linea Goerli network.

get test tokens from faucet

  • Click on "GET GOERLI TEST WBTC AND USDC".
  • Add WBTC and USDC test token on Metamask by clicking on the respective buttons.

Chapter 2: Hedging Swap​

  • Navigate to "Swapâžť Swap" to use the Hedging Swap tool.

swaps menu

  • Get to the Hedging Swap Dashboard and set the Hedging Swap variables: Target Size, Duration, and Cover.
  • By selecting USDC, you're hedging against a rising price of WBTC. You'll pay Premium and Cover with USDC. On the contrary, the "blue zone" Profit section goes to the left direction and you'd pay with WBTC. Give allowance accordingly to your direction choice.

swaps dashboard allowance

  • After giving allowance, and double check the numbers set, the only thing remained to do is to click "Execute Swap".

swap execute dashboard

Managing Active Swaps​

  • Active swaps are displayed in the "Current Active Swap" section.

active swaps table

  • Manage swaps by clicking on them and adjusting settings or closing them early.
  • If the price goes in the opposite (red) direction, the Cover gets eroded and if the Threshold price is reached, your order can be Liquidated. On the contrary, if the price goes in the protected blue direction, you get to the Profit "blue zone" according to the Initial Price and the Target Size, you'll be payed back with WBTC in this case.

If you want to know more, please visit MetalSwap's official documentation linked below.

Chapter 3: NFT Liquidity Providing​

  • Click on Liquidity Pools in the top menu to provide liquidity.

swaps menu

  • Click on "CREATE NEW POSITION".

swaps liquidity pools chart

  • Select the token and amount of Liquidity to Provide.

provide liquidity allowance

  • Enter the amount of liquidity you wish to provide and give allowance setting the spending cap: we recommend to "Use default" so to don't have to pay the allowance again to do a similar move.

set spending cap on metamask

  • Click on "CREATE POSITION".

create a liquidity providing position

  • A new Liquidity Providing NFT is minted!

liquidity provided nft

Managing NFTs​

  • NFTs represent the liquidity locked in MetalSwap’s platform.
  • Manage NFTs by clicking on it and: redeem rewards, add or remove liquidity, or transfer ownership.

To learn more about specific details related to these operations, we recommend consulting the following documents: Hedging Swap ETH Liquidity Pools

The Hedging Swap Tool is LIVE NOW on both Ethereum Main Chain and Optimism Layer2!

https://metalswap.finance

Goodbye volatility!