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How To Use DinoSwap: A Step-by-step Guide

Publish by Nhung Tran at 24 September 2021

Polygon has been a well-built blockchain with many AMM DEXs to capture liquidity for the whole ecosystem (QuickSwap, SushiSwap. Dfyn Network,.. ). In August 2021, Polygon recorded an impressive launch of another AMM DEX - DinoSwap with the TVL reaching 500M in just 2 weeks.

Though its TVL has now dropped to only 100M, DinoSwap is working with many promising plans to expand even more in the future. This article will look through all the features that DinoSwap offers and how to use DinoSwap step by step.

DinoSwap Overview

DinoSwap is a multi-chain infrastructure project that builds liquidity for layer one blockchains, AMMs, and partnering projects. The ultimate goal of DinoSwap is to become the hub for cross-chain liquidity by tapping into the liquidity of many blockchains then tethering them together in one centralized platform.

Preparation for trading on DinoSwap

What are the prerequisites for trading on DinoSwap?

First, users need to download and create an account (optional) on Coin98 Wallet.

Coin98 Mobile Wallet version X is available for download at:

Read the detailed instruction on how to use the Coin98 Wallet or watch the tutorial video below to install the Coin98 Mobile Wallet:

Coin98 Extension: Follow these steps to install the Coin98 Extension Wallet on Chrome:

Step 1: Find and select Coin98 Extension Wallet on Chrome Web Store.

Step 2: Click Add to Chrome.

Step 3: A pop-up notification will be displayed on the screen; please read it carefully. To approve, click Add extension.

Step 4: To use the extension, click the extension icon to the right of the address bar. If the Coin98 Extension Wallet shows up in the drop-down menu, it has been installed and enabled successfully.

Create a Polygon Wallet on Coin98 Wallet

Before using DinoSwap, users need to create a Polygon (MATIC) wallet. Users can create a new Polygon wallet on Coin98 Wallet or import an existing Polygon wallet from other wallets to Coin98 Wallet. Creating a Multi-chain wallet on Coin98 Wallet will also include a Polygon sub-wallet.

For you: Instructions on how to create a Multi-Chain wallet

Preparing MATIC as gas fee

DinoSwap uses MATIC for gas fees. Therefore, to trade on DinoSwap, users must have MATIC in their wallets. Users can buy MATIC on a centralized exchange such as Binance and send it to the Polygon wallet address on Coin98 Wallet.

How to use DinoSwap with the Coin98 Extension Wallet

Connect the Coin98 Extension Wallet to DinoSwap

Step 1: Go to the DinoSwap app here: https://dinoswap.exchange/

Step 2: Connect to the Coin98 Extension Wallet. Choose Polygon as the Web3 Priority on Coin98 Wallet.

Step 3: Click Connect. Choose Metamask then Coin98 Wallet will automatically be connected.

Swap

Step 1: Go to Exchange to enter DinoSwap’s trading interface.

Step 2: Choose a trading pair, for example, MATIC/USDC, and enter the trading amount.

Step 3: Double-check the information and click Swap to conduct the transaction.

Step 4: Click Confirm Swap and Confirm in the Pop - up window of the Coin98 Extension Wallet.

Farm

Step 1: Click Fossil Farm.

Step 2: Choose your favorite pool. Click Get LP on the left side to provide liquidity on either SushiSwap, QuickSwap, or Dfyn.

In fossil farms, to earn DINO, users must provide liquidity for a given AMM DEX on Polygon. DinoSwap does not own its AMM.

Step 3: Provide liquidity on the connected AMM DEX, for example, for the DINO-USDC pair on SushiSwap (Polygon).

Step 4: After getting the LP token, go back to the Fossil Farm site. Click Enable to start staking and earn DINO.

Stake

Jurassic Pools

Step 1: Click Jurassic Pools.

Step 2: Choose your desired Pool and click Approve DINO.

Step 3: Click the + button to start staking DINO.

Step 4: Enter the number of DINO you want to stake, then click Confirm.

Step 5: Click Excavate to claim accrued rewards or Click Unstake DINO to remove your staked DINO and claim accrued rewards.

Extinction Pools

Step 1: Click Extinction Pools.

Step 2: Choose your favorite Extinction Pool and click Approve DINO.

Step 3: Click the + button to start staking DINO.

Step 4: Enter the amount of DINO you want to stake, then click Confirm.

Note that all DINO staked in Extinction Pools will be burned to earn rewarded tokens.

Step 5: You can excavate rewards at any time by clicking Excavate.

Tar Pits

Step 1: Click Tar Pits on the right-hand side.

Step 2: Click Approve DINO.

Step 3: Click Lock DINO.

Step 4: Choose your desired locking period and enter the amount of DINO you want to lock.

Step 5: Click Confirm to finish locking DINO tokens.

Note: You can only access all rewards and staked DINO Tokens at the end of the locking period.

How to use DinoSwap with the Coin98 Wallet dApp browser

Connect the Coin98 Wallet dApp browser to DinoSwap

Step 1: Open the Coin98 Mobile Wallet. Select Browser and search https://dinoswap.exchange/.

Step 2: Click the symbol of your wallet at the right bottom. Then choose the Polygon Network.

Swap

Step 1: Go to Exchange to enter DinoSwap’s trading interface.

Step 2: Choose a trading pair, for example, MATIC/USDC, and enter the trading amount.

Step 3: Double-check the information and click Swap to conduct the transaction.

Step 4: Click Confirm Swap and Send in the Pop - up window of Coin98 Wallet.

Farm

Step 1: Click Fossil Farm

Step 2: Choose your favorite pool. Click Get LP on the left side to provide liquidity on either SushiSwap, QuickSwap, or Dfyn.

Step 3: Provide liquidity on the connected AMM DEX.

Step 4: After getting the LP token, go back to the Fossil Farm site. Click Enable to start staking and earn DINO.

Stake

Jurassic Pools

Step 1: Click Jurassic Pools.

Step 2: Choose your desired Pool and click Approve DINO.

Step 3: Click the + button to start staking DINO.

Step 4: Enter the amount of DINO you want to stake, then click Confirm.

Step 5: Click Excavate to claim accrued rewards or Click Unstake DINO to remove your staked DINO and claim accrued rewards.

Extinction Pools

Step 1: Click Extinction Pools.

Step 2: Choose your favorite Extinction Pool and click Approve DINO.

Step 3: Click the + button to start staking DINO.

Step 4: Enter the amount of DINO you want to stake then click Confirm.

Note that all DINO staked in Extinction Pools will be burned to earn reward tokens.

Step 5: You can excavate rewards at any time by clicking Excavate.

Tar Pits

Step 1: Click Tar Pits.

Step 2: Click Approve DINO.

Step 3: Click Lock DINO.

Step 4: Choose your desired locking period and enter the amount of DINO you want to lock.

Step 5: Click Confirm to finish locking DINO tokens.

Note: You can only access all rewards and staked DINO Tokens at the end of the locking period.

FAQ about DinoSwap

What is the difference between farming and staking?

  • Farming: To farm, you need LP tokens, which requires you to provide liquidity in the form of a certain token pair before farming on Fossil Farms.
  • Staking: You just need 1 type of token to start staking and earn rewards.

Is DINO earned in Fossil farms auto compounded, or do I have to claim DINO manually?

DinoSwap hasn’t supported auto compounding yet.

Is there a fee when withdrawing from Jurassic pools?

No. There is no withdrawal fee.

Do I have to wait until the end of the Extinction pools to get my rewards?

No. You can excavate rewards at any time.

Conclusion

Congratulations, now you know all the steps of how to use different features on DinoSwap. Hopefully, you have found the article helpful to start the basic steps and explore other features on DinoSwap yourself.

If you have any questions, please feel free to comment below or join Coin98 Community for further discussion.

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Nhung Tran

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