Taraswap is a yield-focused decentralized exchange (DEX) and bridge on Taraxa, allowing users to swap over 2000 cryptocurrencies directly on the Mainnet. As a Uni V3 fork, it enables seamless on-chain and cross-chain trading. Users can provide liquidity and join farming pools for rewards.

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 Ethereum, Solana, as well as Bitcoin, Substrate and any EVM chains. Follow the instructions in this guide on how to use Enkrypt with Taraswap!

Connecting Your Wallet

First, head to the Taraswap website then click ‘Connect’ at the top right.

Disclaimer: Keep in mind Taraswap is a third-party DApp and is not affiliated with MEW in any way. Using DeFi involves some inherent risk. Please do your research and proceed at your own discretion.

Select ‘Enkrypt’.

On the Enkrypt pop up, select the account you want to connect with then click ‘Connect’.

Now you are ready to swap!

Swapping Tokens

Click the ‘Swap’ option in the navigation menu at the top of the page.

Select the Sell ‘Select token’ dropdown to open the token selection menu.

Select the top right then click the network you want to bridge from. We will choose Taraxa for this example.

Select the token you want to swap. We will choose ‘TARA’ for this example.

Select the Buy ‘Select Token’ dropdown to open the token menu selection.

Select the token you want to receive. We will select ‘Tether USD’ for this example.

Enter the amount you want to swap then click ‘Review’.

Review the swap quote then click ‘Confirm Swap’.

On the Enkrypt pop up, confirm the transaction by clicking the ‘Send’ button.

You should see the pop up display that your tokens were successfully swapped.

You can see your tokens in your Enkrypt wallet.

If you do not see your tokens in your wallet, you may need to add the tokens as a custom token. You can click ‘Add custom token’ then paste the token’s contract address then click ‘Add token’.

Adding Liquidity to Pools

Click on the ‘Pool’ option in the navigation menu at the top of the page.

Here you can add liquidity to Taraswap.

Click ‘+ New position’ to add your liquidity.

Here you can select which tokens you want to deposit.

Click the dropdowns to open the token selection menu.

We will choose TARA and USDT for this example.

Select your fee tier, price range and if you are initializing a pool you will need to enter the starting price.

Scroll down and enter the amount you want to deposit then click ‘Approve’.

On the Enkrypt pop up, select ‘Send’ to confirm the transaction.

Once the transaction confirms the ‘Preview’ button will be enabled. Click ‘Preview’.

Review your deposit, then click ‘Add’ once you are ready.

Confirm the transaction on Enkrypt by clicking ‘Send’.

You should see a pop up stating your transaction has been submitted.

Once you close the pop up, you should be able to see your liquidity positions. You can click on a position to view the details.

Here you can remove your liquidity and claim your fees.

Farm Liquidity Pools

Click ‘Farms’ in the navigation menu at the top of the page.

Here you can view the liquidity pools that are available to farm.

We will click on the ‘WTARA/TSWAP’ option for this example.

Select the fee tier and your desired price range.

Scroll down then enter the amount you want to deposit and click ‘Approve’ for the tokens.

On the Enkrypt pop up, confirm the transaction by clicking ‘Send’.

Once the transactions are confirmed, the ‘Preview’ button should be enabled. Click ‘Preview’ to proceed.

Review the transaction then click ‘Add’ when you are ready.

Confirm the transaction on the Enkrypt pop up by clicking ‘Send’.

There should be a pop up stating that your transaction has been submitted.

Once you close the pop up, you should see your liquidity positions. You can click on a position to view more details.

If you are not taken to the Pools page automatically, you can click ‘Pools’ in the navigation menu at the top of the page.

Here you can collect fees, remove your liquidity or add more liquidity.

Thank you for checking out our guide on How to use Taraswap 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!

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