Deepwaters is a hybrid exchange which can ensure fair pricing, fair execution, and true market data at scale, which creates the first trustworthy trading platform. Utilizing blockchain technology, they prevent discretionary actions by all privileged parties.
The Deepwaters testnet campaign has begun on August 31st. The following is a summary of each of their three phases.
Phase 1 (August 31st)
- Create a wallet
- Place limit orders
- Withdraw to main wallets
Phase 2 (September 2022)
- Place market orders
- Provide liquidity (LP)
Phase 3 (October 2022)
- Place RFQ orders
- Let’s start with setting up our wallets. We are going to need those testnet networks: Avalanche Fuji Testnet, Polygon Mumbai, Ethereum Goerli, Binance Smart Chain Testnet
Click on the names of Testnets, connect your Metamask wallet and click on Add to Metamask button. See below.
2. Time to get some testnet tokens… Click the links below and get your testnet tokens.
Goerli
Fuji
Mumbai
BSC Testnet
3. If you have got all your testnet tokens, you can go to Deepwaters website and get your tokens required for using platform. Select Faucet.
Select your network.
Select the token you want (I requested all)
Click Tweet to Claim Tokens
You are gonna need to approve in wallet.
On dashboard select deposit
Select deposit network
Select token
Enter amount and click Approve
Approve transaction in browser wallet Note: After approval, the button will update to state “deposit.” This occurs after the approval has been detected and can take up to 60 seconds.
Click Deposit
Initiate blockchain request to deposit
After the transaction is complete it will take around 2 minutes for the balances to be reflected on the front-end for you to trade
On the exchange page select Limit as the order type
Select the Sell token
Select the Buy network
Select the Buy token
Enter an amount you want to sell, the price you would like to sell at, and the expiration options.
Click Submit Order
Sign message
You will receive a confirmation the order was submitted
You can also confirm the order submission and status by referring to the order history
On dashboard select withdraw
Select withdrawal network
Select token
Enter withdrawal amount and click Confirm
Sign message
Initiate transaction for withdrawal
You will see a message the withdrawal was successful if it went through.
If you have done all steps, leave feedback here: https://docs.google.com/forms/d/e/1FAIpQLSdL9dfcjgMPdMFW0C86C6Y_dP6wG0BXRw41pB_14ZQ6jpMrag/viewform
Join their Discord to follow new about platform. There will be some updates soon.
Please leave one clap if you followed the steps and like the testnet guide. If you want to receive mails when I post a story click email button under my profile.
