GammaSwap Free Tutorial DeFi Decentralized Trading Platform Arbitrum New Public Chain

Get DeFi Arbitrum for free on the new public chain GammaSwap

GammaSwap Oracle-free decentralized platform for volatility trading and commission-free token trading.

The GammaSwap protocol is a protocol for going long on gamma through constant function market makers (CFMMs) such as Uniswap, Sushiswap, Balancer, etc. GammaSwap allows users to not only buy long straddles, but also earn themselves returns similar to the functionality of call and put options.

As a side benefit, the protocol also allows for the possibility of fee-free DEX.

GammaSwap official website:https://gammaswap.com/

GammaSwap Testnet:https://app.gammaswap.com/

What is GammaSwap?

GammaSwap is a decentralized trading platform developed on top of the Arbitrum ecosystem using the AMM model to help liquidity providers reduce the risks associated with impermanent loss.

GammaSwap does not use oracles to limit the risk of impermanent loss, the platform uses IL to turn profits by creating markets for Long Gamma (borrowing liquidity positions) and Short Gamma (providing liquidity).

GammaSwap test network interaction process

Step 1: First we need to add a GammaSwap test environment network to the Little Fox Wallet

• Network name: GammaSwap Testnet
• New RPC URL:https://b0416a2a-a17d-45ef-83b9-d18cd311b15a.ethereum.nameless.io/
• Chain number: 786466
• Currency symbol: ETH

Step 2: Join the GammaSwap official Discord channel to claim rewards!

Discord Channel Link:https://discord.gg/gammaswap

Paste your wallet address into the #testoooors channel. The robot will scan the wallet address and send the ETH faucet to the wallet address. If it is not received, try again after a while. I received it in 5 minutes.

Step 3: Visit the test website: link your Little Fox wallet and switch to the network set above
https://app.gammaswap.com/

Click REQUEST, select USDC and WETH in the currency list, and then confirm with your wallet
Click the Markets store, select the USDC/WETH trading pair, and then provide liquidity

Then the wallet will pop up two token authorization requests. We will authorize directly. After the authorization is completed, just click Confirm to confirm the transaction. Then the wallet will confirm (the process may be a bit slow, just wait a little)

After adding liquidity, we return to the details interface of the previous trading pair and clickBorrow Liquidity, enter the number of tokens you want to borrow liquidity

First Approve, then Confirm, and then the wallet confirms the transaction.

To adjust the short/long Gamma position, we clickPortfolioThen select the trading pair and clickModifyThen select Rebalance, adjust the value slightly, and confirm to adjust the position.

Step 4: We click the feedback button on the right to provide feedback on the interaction information and increase the probability of airdrop!

The most important step is to leave your email address! The airdrop will most likely be sent to you by email address like apt!

At this point, the interaction of Arbitrum’s new public chain DeFi decentralized trading platform GammaSwap test network has been completed!