Trade On Ethereum Blockchain Layer 2 (L2) scaling solution Polygon With Very Low Gas Fees
Here is the solution for the extremely high gas fees when using Uniswap >>> ENJOY !!! <<<
#quickswap #matic #polygon
Quickswap Exchange Tutorial | #1 DEX On Matic/Polygon Network!
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May 4, 2021
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FULL VIDEO TUTORIAL
00:00
hey my name is connor and welcome to
00:01
crypto empire where i show you how to
00:04
dominate in the crypto markets
00:05
matic network is quickly picking up mass
00:08
adoption and is leading the way for
00:09
layer two scaling fees
00:11
for the ethereum network in this video
00:13
i’m gonna be explaining to you
00:14
how to move your funds over to the matic
00:16
network as well as more importantly how
00:18
to use
00:18
the quick swap exchange because quick
00:21
swap is the number one automated market
00:23
maker decentralized exchange
00:24
on the matic network and it has seen
00:26
insane growth
00:28
since the start of 2021 going from less
00:30
than 300 000 dollars in total lock value
00:34
to now over 550 million dollars i don’t
00:37
even know the multiple on that
00:39
but it’s well over 100 x in this video
00:42
i’m going to be showing you how to use
00:44
the quick swap exchange
00:45
how to add liquidity how to swap your
00:46
tokens how to do everything
00:48
everything you need to know so make sure
00:50
you stick with me until the very end
00:51
you smash the like button on this video
00:53
you leave a comment down below and if
00:54
you were not already subscribed to
00:56
crypto empire
00:57
go ahead and smash that subscribe button
00:58
right now and let the gains
01:01
be with you
01:13
so we’re going to start out this video
01:14
at the absolute top and the first thing
01:16
we’re going to do is add the matic
01:18
network to our metamask wallet this is a
01:20
step that you cannot switch
01:22
so make sure you have your metamask
01:24
wallet already downloaded if you want to
01:25
find out how to download metamask i made
01:27
a whole video about that
01:29
i’ll put a little card up right here as
01:30
well as the link will be down in the
01:31
description below
01:33
go ahead and open up your meta mask next
01:35
thing you’re going to want to do is head
01:36
over to these three dots and hit expand
01:38
view this is going to open up a new web
01:39
tab
01:40
for your metamask wallet from here what
01:42
you’re going to want to do is hit this
01:43
little colorful icon in the top right
01:45
corner
01:45
and then go ahead and hit settings once
01:47
you’re in your settings you’re going to
01:48
come down here to networks
01:50
as we can see over here i have the
01:51
ethereum main net i have the binance
01:53
smart chain
01:54
but i don’t have the matic main net so
01:55
let’s go ahead and hit add network
01:57
now we have to input all of these
01:59
details so network name is going to be
02:01
matic mainnet
02:02
the new rpc url i have it right here but
02:05
if you don’t have it there is a handy
02:07
little website that you can copy and
02:08
paste it from go ahead and copy and
02:10
paste
02:10
the rpc url make sure it is correct that
02:13
is very important
02:14
chain id is 137. currency symbol is
02:18
going to be matic
02:19
all capitals and the block explorer we
02:22
will
02:23
put right from here explore
02:26
matic.network just copy and paste that
02:29
and this is how you add any new network
02:31
to your metamask wallet right there’s a
02:33
plethora of networks that you can
02:35
do your decentralized finance activities
02:38
on
02:38
however matic network is one of my
02:41
favorites it’s pretty much the number
02:42
one layer to scaling solution for
02:44
ethereum
02:44
so if you don’t already have it in your
02:46
metamask definitely get that done
02:48
right away all right now that we have
02:50
the matic network
02:51
in our metamask we’re going to want to
02:52
head back to the ethereum main net
02:54
because we need to bridge our tokens our
02:56
erc20 tokens over to the matic
02:59
network layer 2 blockchain even though
03:01
it’s built on top of ethereum so in
03:03
order to do that
03:04
we go over here to matic.network this is
03:06
the official matic website
03:08
we go over to products then we hit
03:10
wallet at the top okay
03:11
once this new tab opens up all we’re
03:13
going to do is hit this button that says
03:15
move funds
03:16
to matic okay now we’re going to select
03:18
the currency that we want to move over
03:20
in this example i have 1000 matic tokens
03:22
i want to bridge over to the matic
03:24
network
03:24
so i’ll go ahead and hit max 1000 switch
03:28
to the matic network
03:29
hit transfer okay so moving funds from
03:33
ethereum takes seven to eight minutes
03:35
we’ll hit continue now if this is the
03:37
first time you’re doing this you will
03:38
have to pay an approval gas fee
03:40
all right but all i’m going to be doing
03:41
is hitting the deposit gas fee
03:43
so let’s go ahead and continue there
03:46
ethereum thematic
03:47
estimated transaction fee zero dollars
03:49
okay
03:51
so let us continue this is a 17 gas fee
03:54
let’s hit continue
03:56
so i will need to confirm this on my
03:58
metamask wallet so let’s actually change
04:01
this gas
04:02
to the highest because i don’t want to
04:03
wait too long for this video
04:06
hit confirm so after we confirm that
04:08
transaction we now have to wait for the
04:10
transaction to go
04:11
through now it said seven to eight
04:13
minutes i’m hoping it does go through
04:15
sooner we can view it on ether scan
04:17
and see the details so estimated 10
04:20
minutes
04:21
usually doesn’t take that long we will
04:23
see how long this takes
04:25
so they were being truthful when they
04:26
said seven to eight minutes it did take
04:28
exactly seven to eight minutes
04:29
however we now have our 1000 matic on
04:32
the matic network
04:33
now it is time to head over to the quick
04:36
swap
04:36
exchange the url is quick swap dot
04:39
exchange a little pro tip for you
04:41
is to go to coin gecko or coin market
04:43
cap and they always have the exact
04:44
website right there for you to click on
04:46
making sure that you don’t put in a
04:48
wrong website link
04:49
which could of course lead to very bad
04:51
things such as loss of funds because
04:52
there are a lot of people out there that
04:54
want your crypto so they go ahead and
04:55
duplicate websites
04:56
so always make sure you use the correct
04:58
website i will leave the link to quick
05:00
swap
05:00
down in the description below anyway
05:02
it’s now time to switch to the matic
05:04
network we are prompted to do so here
05:06
all right let’s go ahead and hit switch
05:07
switch network
05:09
beautiful so now we can see we have our
05:12
1000 matic
05:13
over on the matic network and it’s time
05:15
to use these matic
05:16
to go ahead and buy something on quick
05:19
swap so for the purpose of this tutorial
05:21
let’s go ahead and buy some ethereum on
05:22
the matic network
05:24
let’s put in 450 matic tokens we’ll get
05:27
point one each so let’s go ahead and hit
05:29
swap
05:30
and then confirm swap we are now going
05:31
to have to confirm this on metamask
05:34
and we can see that the gas fee is going
05:37
to be
05:38
literally so minimal 0.0026
05:42
matic is our gas fee and if we convert
05:45
that to u.s dollars that’s like
05:46
a fraction of a penny so compared to the
05:49
ethereum blockchain where you’re
05:51
spending you know seventeen dollars just
05:52
to send over your matic to east
05:54
be even more if you use uni swap you’re
05:56
paying less than a penny for a quick
05:58
swap
05:58
that is why this exchange is picking up
06:01
so rapidly
06:02
you cannot beat cheap gas fees so we’ll
06:05
go ahead and confirm this
06:06
on our device after it is confirmed it
06:09
should go
06:10
through relatively quickly we can see on
06:12
the matic block explorer
06:16
okay unable to locate this hash see
06:19
what’s going on here
06:21
okay transaction confirmed all right so
06:23
we have now swapped 450 matic for 0.1
06:26
ethereum so that is how you use the
06:28
quick swap exchange
06:29
yes it is that simple keep in mind this
06:32
exchange has been growing
06:33
rapidly okay the volume in the past 24
06:36
hours is 52.9 million dollars
06:39
if we look over here the start of the
06:40
year january 1st
06:42
the volume was 15 000 now it’s 52
06:45
million dollars
06:46
this is what we call blockchain adoption
06:49
it is what we absolutely love to see
06:51
here crypto empire because we are all
06:53
about mass adoption and making the world
06:54
a better place
06:55
with blockchain technology okay anyway
06:57
now that you have
06:58
your two tokens on the matic network
07:00
it’s time to add liquidity
07:02
right this is the next step so over here
07:03
at the top you see pool you’re going to
07:05
hit pool then
07:06
add liquidity and over here we hit
07:09
matic is automatically selected now
07:11
let’s go ahead and hit ethereum
07:13
okay so we hit max for ethereum that’s
07:16
going to
07:17
input about 450 matic tokens no surprise
07:20
when we’re adding liquidity it’s always
07:21
going to be a one to one
07:22
the transaction amount will always be in
07:25
perfect confluence
07:26
so let’s approve the eth we’re going to
07:28
have to again use our
07:30
metamask wallet hit confirm so it
07:32
shouldn’t take too long for this
07:34
transaction to approve and then after we
07:36
do approve it we will yeah there we go
07:38
so now we’re gonna go ahead and supply
07:40
the liquidity
07:41
now the incentive for supplying
07:43
liquidity is that you do
07:44
receive passive income in the form of
07:47
transaction fees that take place when
07:49
people swap
07:50
their matic and ethereum when they swap
07:52
in that pair okay so let’s go ahead and
07:54
hit supply
07:55
and we can see that we’re going to be
07:56
receiving 5.7 matic eth
07:59
lp pool tokens liquidity provider pool
08:01
tokens
08:02
interchangeable names there all right so
08:04
we’ll go ahead and confirm this
08:06
transaction again
08:07
transaction submitted let’s wait for
08:08
this to go through this isn’t the last
08:10
step there’s still one more step to this
08:12
to ensure that you
08:13
really know how to fully utilize the
08:15
quick swap exchange
08:16
the next step is to perform liquidity
08:19
mining
08:20
now liquidity mining allows you to earn
08:22
quick the quick token
08:24
as a reward okay as we can see over here
08:26
in coin gecko
08:27
the quick swap token is currently
08:29
trading at 878
08:31
and we can earn this passively when we
08:33
put our head at the pillow
08:35
at night we can be earning these quick
08:36
tokens by liquidity mining
08:38
okay we can see that we are up 450 in 30
08:41
days
08:42
the max supply of this is only 1 million
08:44
tokens there’s currently only 159
08:46
k in circulation so yeah this is a very
08:49
scarce resource and being that matic is
08:51
the number one layer two scaling
08:52
solution on the ethereum network i do
08:54
believe that the quick swap token being
08:56
the main decentralized exchange on matic
08:58
will continue to rise in value not
08:59
financial advice
09:00
so let’s head back over here we can
09:03
manage our lp tokens we can see
09:05
how much rewards we are earning this is
09:07
also where you can remove your liquidity
09:09
and you would receive
09:10
your tokens back and you can face the
09:12
risk of impermanent loss by adding
09:14
liquidity so definitely be on the
09:16
lookout for that
09:17
anyway moving on let’s come over here to
09:19
the rewards section
09:20
now this is where we will be staking our
09:23
lp tokens to earn those quick
09:25
rewards so what we’re going to do is
09:27
we’re going to come over here to the
09:29
ethmatic pool and you can see that
09:31
there’s currently 75 quick tokens per
09:33
day being distributed among all of the
09:35
liquidity providers
09:37
that have their lp tokens in here so
09:39
let’s go ahead and hit
09:40
deposit and then we’ll hit deposit quick
09:42
lp tokens
09:44
we’ll hit max and then first thing we’re
09:45
going to do is approve the transaction
09:47
like always we sign it gonna pop up in
09:51
metamask
09:52
transaction is now approved so let’s go
09:54
ahead and deposit our lp tokens into
09:57
the pool again we will have to sign the
09:59
transaction again on meta mask so let’s
10:01
go ahead and do that
10:04
very nice all right so our lp tokens
10:06
were successfully deposited
10:08
into the ethermatic liquidity mining
10:10
pool we can see that your liquidity
10:12
deposit is currently 675
10:15
dollars and we will be earning 0.00162
10:19
quick
10:20
per day all right so this is just going
10:21
to run for us when we’re out doing our
10:24
thing working our day job
10:25
sleeping doing whatever we’ll be earning
10:28
those quick tokens
10:29
this is your full quick swap tutorial if
10:31
you have any questions definitely leave
10:33
them in the comments down below
10:35
i highly suggest you explore the quick
10:37
swap exchange
10:38
and get familiar with how to use this
10:40
interface and really play around and get
10:42
comfortable with it because
10:43
d5 is the future and you can make
10:45
life-changing money on d5 we are doing
10:48
it make sure that you do join my free
10:49
telegram group the link is down in the
10:51
description below
10:52
where we discuss d5 opportunities inside
10:55
of that group
10:56
so this was your full quick swap
10:57
tutorial from start to finish as an
10:59
absolute beginner even if you’ve never
11:01
even used the matic network before
11:03
i hope that you found this video helpful
11:04
again if you have any questions
11:06
be sure to leave them down in the
11:07
comments below also subscribe to the
11:09
crypto empire channel if you are not
11:11
already subscribed
11:12
and smash the like button on this video
11:14
and my name is connor from cryptoempire
11:16
and we will see you in the next video