We’re excited to announce the launch of Minima’s widely anticipated cross-chain swap protocol, MiniSwap! Download it here.
It enables you to exchange assets, peer-to-peer, between the Ethereum and Minima blockchains. With no third parties involved whatsoever. Instead, a smart contract facilitates the swap of ETH, WMINIMA, USDT, and USDC for MINIMA, or vice versa.
You now have an excellent opportunity to access Minima’s native asset MINIMA before it’s listed on exchanges towards the end of the year. So if you haven’t already, join the evolution & exchange ERC20s for MINIMA today.
It should be noted that, in a true peer-to-peer manner, prior to making a swap you must first find a counterparty. This must be done outside of MiniSwap. We’ve set up a channel on Discord to help make this easier for you. Simply create a post in #p2p-trade specifying, for example, X ETH for X MINIMA.
We’re excited to further open up Ethereum users to the Minima ecosystem and enable interested parties to purchase MINIMA. We value Minimalists who believe in Minima’s long-term vision and so are happy to hold on while the ecosystem is built. Join us for the long haul by acquiring MINIMA.
You can download MiniSwap from minidapps.minima.global. It must be accessed via a browser on your desktop. Please watch the video tutorial and also read how to swap and the FAQ below, then let us know on Discord if you get stuck.
Happy swapping! ♻️
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How to swap
Step 1) Find a counterparty and agree on terms*
*Visit the #p2p-trade channel on our Discord to do so and post, for example, X USDT for X MINIMA.
Step 2) Ensure you have set MiniSwap to WRITE access*
*On your MDS Hub, find MiniSwap and click WRITE to give it access, then open it
Step 3) The user who wishes to swap MINIMA for ERC20 tokens must then initiate the swap:
Step 4) The user who wishes to swap ERC20 tokens for MINIMA must then:
Step 5) The user swapping MINIMA for ERC20 tokens must then:
*If the counterparty does not lock up funds within 4 hours, it will be possible to claim back MINIMA when the contract expires after approximately 12 hours.
Step 6) The user swapping ERC20 tokens for MINIMA must then:
*You will need to make two Metamask transactions, one to approve the spending and another to deposit into the smart contract.
Step 7) The user swapping MINIMA for ERC20 tokens must then:
*If the ERC20 tokens are not claimed within 4 hours, the swap will be invalid and the user swapping ERC20 tokens will be able to get a refund.
Step 8) The user swapping ERC20 tokens for MINIMA must then collect the MINIMA before the contract expires*
*It is extremely important that the swap is completed before the contract expires! After this point, the user swapping Minima can collect their coins onchain, even if they have already claimed the ERC-20 tokens.
The swap is complete, congrats!
What is MiniSwap?
What assets can I swap?
Why must I find a counterparty to swap with?
I want to swap via the Android app, how can I?
*For instructions, see ‘How can I use Desktop Connect to access my Android node on my desktop?’ below.
How can I use Desktop Connect to access my Android node on my desktop?
How can I access MiniHub via my desktop or VPS node?
How can I download and install MiniSwap?
*For instructions, see ‘How can I use Desktop Connect to access my Android node on my desktop?’ or ‘How can I access MiniHub via my desktop or VPS node?’.
How do I set MiniSwap to WRITE mode?
*For instructions, see ‘How can I download and install MiniSwap?’ above.
I don’t have MetaMask, how can I install it?
Why do I need to pay an Ethereum gas fee?
Who must initiate a swap?
How long does the person swapping ERC20 tokens have to lock up funds?
What happens if the other person doesn’t honour their side of the deal?