How to use Elk Finance with Enkrypt
Elk Finance enables users to interoperate between chains. Follow our guide for help navigating Elk Finance on Arthera Chain and others!
Elk Finance is a DeFi platform that facilitates seamless cross-chain value transfers and interoperability between different blockchains. Using its core component, ElkNet, it creates an effective ecosystem for secure and efficient transactional flows, reducing friction and asset fragmentation across multiple blockchains.
Enkrypt is a multichain, non-custodial, and open-source web3 browser wallet built by the team behind MEW (MyEtherWallet). With Enkrypt, users and developers can generate accounts, manage tokens and NFTs, and interact with DApps on Arthera, Solana, Ethereum, as well as Bitcoin, Substrate and any EVM chains. Follow the instructions in this guide on how to use Enkrypt with Elk Finance!
Connect your Wallet
First head to Elk Finance website then click ‘Connect Wallet’ in the middle or top right corner of the page.
Check the box that accepts the Terms & Conditions and Privacy Policy. Then select the ‘MetaMask’ option to connect your Enkrypt wallet.
This works because Enkrypt is able to emulate the MetaMask wallet connection.
On the Enkrypt pop up, select the account you want to connect with then select ‘Connect’.
Now your wallet should be connected to Elk Finance!
Swapping Tokens
At the top of the page, you can open the network selection menu by selecting the network dropdown arrow.
Select the network you would like to use. For this example we will use the Arthera network.
You can select the ‘You Pay’ token dropdown to open the token selection menu.
Select the token you want to swap from. For this example, we will choose BEAT.
You can select the ‘You Get’ token dropdown to open the token selection menu.
Select the token you want to receive. For this example, we will choose ELK.
Enter the amount you want to swap then select ‘Allow use of BEAT’. If you are swapping from a different token, this button will say the name of the token you are swapping from.
Sign the message on the Enkrypt pop up by selecting ‘Sign’.
Confirm the approval transaction on the Enkrypt pop up by selecting ‘Send’.
Now you can swap your tokens. Click ‘Swap’ to continue with your swap.
Review the swap! If everything looks great then you can select ‘Confirm Swap’.
Confirm the swap transaction on Enkrypt by selecting ‘Send’.
There should be a pop up that displays your swap was submitted. You can add the token to your Enkrypt wallet by selecting the ‘Add ELK to MetaMask’. If you were swapping for a different token, the button will say the name of that token instead of ‘ELK’.
If you select the add token button, Enkrypt will pop up with the information about the token. You can select ‘Add token’ to add the token to your Enkrypt wallet.
You should now be able to see your tokens on your Enkrypt wallet.
Adding Liquidity
Select the ‘Pools’ option on the left side menu.
Select the ‘Add liquidity’ button.
Under ‘Input’, click the ‘Select a token’ dropdown to open the token selection menu.
Select the first token you want to add to the liquidity pool. We will choose ‘BEAT’ for this example.
Click the ‘Select a token’ dropdown button to open the token selection menu.
Select the second token you want to deposit. We will choose ‘ELK’ for this example.
Enter the amount you want to deposit. You only need to enter the amount for one of the tokens and the other one should autofill. Click the ‘Add liquidity’ button to deposit your tokens.
Review the transaction then click ‘Confirm Supply’.
Confirm the transaction on the Enkrypt pop up by selecting ‘Send’.
Once you confirm the transaction, there will be a pop up that displays your transaction was submitted.
You should see your liquidity position at the bottom of the form.
Add LP to Farm
Select ‘Farms’ on the left side menu.
Select ‘Deposit’ on the farm you want to supply your liquidity pool tokens into.
Select ‘Deposit ELP Tokens’.
Enter the amount of LP tokens you want to supply then select ‘Approve’.
Confirm the transaction on Enkrypt by selecting ‘Send’.
Select ‘Deposit’ to continue.
Confirm the transaction on the Enkrypt pop up by selecting ‘Send’.
There should be a pop up that displays that your transaction was submitted.
You should see your farm position in the middle of the form.
Thank you for checking out our guide on How to use Elk Finance with Enkrypt! Don't forget to download Enkrypt for a seamless web3 multichain wallet experience. We would love to hear from you on our social media about any guide suggestions you have for the future. Also, if you enjoy using mobile cryptocurrency wallets, give our MEW Mobile app a try, it's available on both iOS and Android platforms!