How to do retroactive on Sobajaswap?

SobajaSwap is an AMM Dex run on ZkSync Layer 2 network that pioneer in Account Abstraction.

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I. Why do you need to do retroactive?

Retroactive is an event that distributes the project’s tokens to users who have supported, used, and supported the development of the project from the first days. This event is completely free and has contributed to increasing the popularity of the project, increasing the number of users, and finding system vulnerabilities, and code errors,…

Typically, a Retroactive occurs when an existing protocol announces that it is implementing a native token. Participants must meet certain criteria. Mainly through the forms of making transactions, providing liquidity, interacting, and using the main functions of the project,… to be rewarded with a token amount — usually the project’s own token. So to receive $Soba in the future, you must interact with the project.

II. Steps of preparation

The main homepage of Sobajaswap
The main homepage of Sobajaswap

Firstly you must connect your wallet, you can pick any wallet if you want, Sobaja supports almost all of the main wallets available on the market.

List of supported wallet
List of supported wallet

Sobajaswap is still in beta testnet, so you need to switch to testnet and faucet tokens to experience it. The faucet tasks are quite easy, just follow & tweet then paste your link.

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III. Experience Sobajaswap’s features on testnet

Swap

Sobajaswap is using Automated Market Maker (AMM) — a type of decentralized exchange (DEX) mechanism that facilitates the trading of cryptocurrencies without the need for a traditional order book. Instead of relying on buyers and sellers to create and fulfill orders, AMMs use smart contracts to provide liquidity and execute trades automatically.

Users can swap one token for another directly through the AMM by interacting with the smart contract. Steps to perform a swap:

  • Choose the tokens you want to swap.

  • Enter the amount of the first token to swap.

  • Adjust slippage tolerance if desired.

  • Click “Swap” and confirm the transaction details.

  • Confirm the transaction in your wallet and wait for blockchain confirmation.Congratulations! You’ve completed a token swap on Sobajaswap.

Try to swap all the tokens available to get a higher chance of receiving $Soba airdrop in the future.

Swap feature
Swap feature

Pools

Liquidity Pools: Instead of relying on a centralized order book, AMMs use liquidity pools. Users contribute funds to these pools, which consist of pairs of tokens. Liquidity providers deposit an equal value of two tokens to create a trading pair in the pool. Liquidity providers earn fees from trades in proportion to their contribution.

Add pools feature
Add pools feature

You can add a pool by clicking on the New Position to add any coin you like or choosing the available pools listed below. Here are the steps to add liquidity to a pool on Sobajaswap:

  • Select tokens for the liquidity pool.

  • Enter the amounts of both tokens.

  • Approve token spending by clicking “Approve” for each.

  • Click “Add liquidity”

  • Confirm the transaction in your wallet, then wait for blockchain confirmation.

Manage your pools
Manage your pools

Once confirmed, you can view the positions you have added in the “My position” tab

Congratulations! You have successfully added liquidity to a pool on Sobajaswap. Keep in mind that you will earn fees from trades in the liquidity pool.

Bridge

A bridge function in the context of blockchain and cryptocurrency refers to a mechanism or protocol that enables the seamless transfer of assets or data between two different blockchain networks or ecosystems. The purpose of a bridge is to connect disparate blockchain platforms, allowing users to move assets or information from one chain to another. Currently, Sobajaswap is providing third-party bridge services such as LayerZero, Celer Bridge, Orbiiter, Symbiosis, and the main bridge of the Zksync Era system.

Supported bridge
Supported bridge

The remaining features such as Earn, NFTs, and Launchpad are still under development and these features will be added in future updates.

Who want some noodle
Who want some noodle

Itadakimasuuu

Sobajaswap Protocol — Pioneers of Account Abstraction 🚀🚀🚀

Website: https://sobajaswap.com/

X: https://twitter.com/Sobajaswap

Discord: https://discord.gg/DpHD75AC

DAPP: https://app.sobajaswap.com

Telegram: https://t.me/sobajaswap_Ann