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How to use KuSwap: A Detailed Guide

KuSwap is the AMM & Yield Farming platform on Kucoin Community Chain. In this article, I will guide you through how to use KuSwap, as well as take advantage of the opportunities to earn money from this platform.

linhha

Published Jan 21 2022

Updated Sep 11 2023

12 min read

KuSwap Overview

KuSwap is the AMM Platform on the Kucoin Community Chain ecosystem. To become a gateway to attract cash flow into KCC, KuSwap is not only a regular AMM but also has many other features such as farming, staking, launchpad,...

Specialities of KuSwap

KuSwap is the platform with low transaction fees when using tools like AMM and Yield Farming on KCC (0.1% and paid in KUS).
KuSwap has an NFT Marketplace with a volume of ~2300 KCS (~$45k at the time of writing) and a Launchpad dedicated to NFT.
KuSwap provides many features to encourage users to use the product (Invite to Earn, Trading Battle, KuDrops,...).
Currently, KuSwap is the Dapp with the second largest amount of TVL in the KCC ecosystem.

How to start using KuSwap

Download and install the Coin98 Super App

KuSwap is now available on the Coin98 Super App for both iOS and Android users:

iOS: ios.coin98.com
Android: android.coin98.com

Read the detailed instructions about how to use Coin98 Wallet or watch the tutorial video to install the Coin98 Super App

Download and install Coin98 Extension Wallet

You access chrome.coin98.com to install Coin98 Extension Wallet.

For instructions on installing and using the Coin98 Extension Wallet, you can refer to this guide here.

Create a KuCoin Community Chain Wallet

KuSwap is a protocol of KuCoin Community Chain, so you need a KuCoin Community Chain wallet (KCS, KRC20, KRC721) to use this platform.

After installing the Coin98 Super App, you can refer to the guidelines below to create a KuCoin Community Chain (KCS, KRC20, KRC721) wallet, or restore KuCoin Community Chain wallets from other platforms to Coin98 Wallet.

Learn more: How to create & use KuCoin Community Chain wallet

Prepare KCS to pay for gas fee

KuSwap uses KCS for the gas fee, therefore, to start using KuSwap, you need to have KCS in your wallet.

In addition to the network fee and the fee for LP, Coin98 Native Swap will charge a fee of 0.8% on the token swap for each transaction. This fee will be used for buying back C98 and supporting the continuous development of making Coin98 better in the future.

You can buy KCS on Kucoin, and withdraw to KCC Wallet to be able to experience the product.

Now everything’s ready, let’s start trading.

NOTE: Currently, AMMs have been integrated into Coin98 Exchange 2.0, optimize user experience and profits. Please kindly check the guide for the new version here.

How to swap with KuSwap natively on the Coin98 Super App

Step 1: On the homepage of the Coin98 Super App, click Swap.

Step 2: Select KuSwap.

Step 3: Click the settings icon at the top right corner of the screen and choose between 2 interface options: the Basic UI and the Pro UI.

Users can also adjust the gas fee and slippage in this section.

Slippage Tolerance: This is one of the most common reasons for swap failure. You can trade with the default slippage rate on the wallet (2%), or set it higher to get a better success rate..
Transaction Deadline: The maximum transaction time that you can specify to avoid the case of long waiting time without any matching orders.
Unlimited Approval: A feature that enables users to grant platforms and smart contracts the permission to spend tokens/ coins on their behalf without limit.
Default Pair: The default tokens for each trading pair.
The default gas fee on Coin98 Super App has been set for the highest speed with the most reasonable cost.
The arrow in the middle of the trading interface is used to switch between the buying and selling positions. Users need to check the tokens’ positions carefully before making any transactions.

Users must fill in the following information to complete the transaction:

Select the wallet containing the token/coin that you want to trade.
Choose the trading pair from the list: For example, KCS and USDT. Users can choose other tokens as preferred.
For those tokens that haven’t been listed on Coin98 Super App, users can trade using their contract addresses.

Step 4: Slide the bar to adjust the trading amount. Carefully read the information before deciding to trade:

Rate & Inverse rate: The price ratio of the 2 tokens.
Price impact: Estimated % difference in price when swapping compared to the displayed price.
Liquidity Provider Fee: the amount of fee that will be used to pay the liquidity providers.
Gwei bar: a feature that allows users to adjust the amount of Gas fee (transaction fee) according to their needs by sliding the bar.
Share URL: Share the trading pair via URL.

Step 5: Select Approve → Click Swap to finish.

After swapping successfully, users can access the Trade History from the swapping interface to view their transactions or go back to the home screen to check the traded tokens if needed.

How to use KuSwap in the DApp Browser

To access KuSwap, click Browser on the home screen and select KuSwap in the Exchange section or enter “KuSwap” in the search bar, tap the KuSwap logo in the results.

Connect your KCC Wallet with KuSwap in the dApp Browser

Step 1: At KuSwap’s main interface, please click Connect to a wallet at the top right corner of the screen.

Step 2: Select Coin98 Wallet from the list.

If you want to change your wallet, tap on the Wallet Name in the lower right corner of the screen → Select the appropriate wallet/network.

Swap coins/tokens on KuSwap

KuSwap Exchange is an AMM that enables users to trade between coins/tokens on the Kucoin Community Chain.

Step 1: On the homepage, click Exchange on the navigation bar.

Step 2: Select the token from the list. In this article, I will take KCC – KUS as an example.

Insert the number of coins/tokens you want to swap, the system will automatically calculate the corresponding amount of the other. Then click Swap.

Step 3: Read the transaction information carefully, if you agree, click Confirm Swap.

The system will charge a very small network fee to Swap, if you agree, click Send.

Note:

You can adjust the Slippage Tolerance by clicking the Settings button in the right corner of the Swap feature. Then set the desired percentage and click Done.
After swapping successfully, you can access the Trade History from the swapping interface to view your transactions by clicking the Clock icon in the right corner of the Swap feature.
Anytime a user conducts a trade on KuSwap Exchange, the system will charge a trading fee of 0.1% which: 0.05% is sent to Liquidity Providers as a fee and 0.05% is used to burn KUS tokens.

Add liquidity on KuSwap

After providing liquidity to pools on KuSwap, you will receive LP tokens with the corresponding liquidity rate in the pool. Also, provided LP tokens can be staked in KuSwap Farm to earn certain rewards.

Step 1: On the homepage, click Liquidity on the navigation bar or select the Liquidity tab on the Swap feature’s interface. After that click Add Liquidity.

Step 2: Select the token pair that you want to contribute to the liquidity pool. I will choose KUS - KCS, then enter the amount of each token, Click Approve KUS.

The system will charge a very small fee to Approve, if you agree, click Send.

Step 3: After that, click Supply. Check your trading information carefully, then click Confirm Supply.

The system will charge a very small fee, click Send if you agree with this transaction.

In the Exchange – Liquidity section, you can also:

Receive your winning AirDrop form “KuSwap Giveaways & Contest!” in KuDrop.
Convert BNB, BUSD from BEP-20 to KRC20 or ERC20 to KRC20 by using Bridge.

Staking in Farms on KuSwap

With Yield Farming on KuSwap, users can use their LP token they received after providing liquidity for staking to earn more rewards with different APY on each farm.

Step 1: On the homepage, click Farm on the navigation bar. Select the farm you want to join.

If this is the first time you use this farm, the system will ask you to approve, then click Enable Farm. The system will charge a very small fee, click Send if you agree to enable this farm.

Step 2: In this guide, I will take the KCS – KUS pair as an example, after enabling this farm, click Stake LP.

Insert the amount of LP tokens you want to stake and click Confirm. The system will charge a very small fee, click Send if you agree with this transaction.

The system will display the exact real-time amount of KUS you’ve staked and the amount you’ll receive. If you want to keep staking, click (+), otherwise, click (-) to unstake KUS or click Harvest to collect the rewards.

Pools on KuSwap

In Pools, users can stake the corresponding coin/token, to earn KUS reward tokens with the APR rate and the fee stated in the information tab of each pool.

Step 1: In KuSwap's main interface, click Pools on the navigation bar. Then select your pool.

If this is the first time you use this feature, the system will ask you to approve, select your favorite pool then click Approve KUS. The system will charge a very small fee, click Send if you agree to enable this pool.

Step 2: Enter the amount of KUS you want to stake, click Stake. The system will need a small fee to confirm, click Send.

Step 3: The system will display the real-time amount of staked KUS and the corresponding amount of KUS you’ll receive. If you want to stake more KUS, repeat step 2.

If you want to unstake, Click Harvest and repeat.

How to use KuSwap with the Coin98 Extension Wallet

Connect Wallet

Step 1: From the homepage, click Connect Wallet.

Step 2: Choose the Coin98 Wallet icon to connect with KuSwap.

Note: You need to change the Web3 Priority of the Coin98 Extension Wallet to Kucoin Community Chain before using this Dapp.

Select the Web3 Priority bar → select Kucoin Community Chain.

Swap coins/tokens on KuSwap

Step 1: On the homepage, click Exchange on the navigation bar.

Step 2: Select the token and enter the amount you want to trade from the list. In this article, I will take KCC – KUS as an example.

Insert the number of the coin/token you want to swap, the system will automatically calculate the corresponding amount of the other. Then click Swap.

Step 3: Read the transaction information carefully, if you agree, click Confirm Swap.

The system will charge a very small network fee to Swap, if you agree, click Send.

Note:

You can adjust the Slippage Tolerance by clicking the Setting button in the right corner of the Swap feature. Then set the desired percentage and click Done.
After swapping successfully, you can access the Trade History from the swap interface to view your transactions by clicking the Clock icon in the right corner of the Swap feature.
Anytime a user conducts a trade on KuSwap Exchange, the system will charge a trading fee of 0.1%, of which: 0.05% is sent to Liquidity Providers as a fee and 0.05% is used to burn KUS tokens.

Add Liquidity on KuSwap

Step 1: On the homepage, click Liquidity on the navigation bar or select the Liquidity tab on the Swap feature’s interface. After that click Add Liquidity.

Step 2: Select the token pair that you want to contribute to the liquidity pool. I will choose KUS - KCS, then enter the amount of each token, Click Supply.

The system will charge a very small fee, if you agree, click Send.

Step 3: Check your information carefully, if you agree click Confirm Supply.

The system will charge a very small fee for this transaction, if you agree, click Send.

Staking Farm on KuSwap

Step 1: On the homepage, click Farm on the navigation bar. Select the Farm you want to join.

If this is the first time you use this farm, the system will ask you to approve, then click Enable Farm. The system will charge a very small fee, click Send if you agree to enable this farm.

Step 2: In this guide, I will take KCS – KUS as an example. Click Stake LP.

Insert the amount of LP tokens you want to stake and click Confirm. The system will charge a very small fee, click Send if you agree with this transaction.

Also, you can select Harvest all to harvest all your rewards on all farms.

Pools on KuSwap

Step 1: In KuSwap's main interface, click Pools on the navigation bar. Then select your Pool.

If this is the first time you use this feature, the system will ask you to approve, select your favorite poolpool then click Approve KUS. The system will charge a very small fee, click Send if you agree to enable this pool.

Step 2: Enter the amount of KUS you want to Stake, click Stake. The system will need a small fee to confirm, click Send.

Step 3: The system will display the real-time amount of staked KUS and the corresponding amount of KUS you’ll receive. If you want to stake more KUS, repeat step 2.

If you want to unstake, Click Harvest and repeat.

Other feature KuSwap

Invite to earn

In the “Invite to earn” feature, all users need is to invite their friends and earn more rewards. Users will receive passive income for each farmer they invite.

Step 1: Connect your KCC wallet with KuSwap and create your unique invite link by clicking Create Invite.

Step 2: Invite your friend who has clicked on your link to join Farming. For each Farmer, you will receive a 5% bonus based on the number of coins/tokens in their Farms and Pools on KuSwap.

KuSwap also has an Activate Boost feature by posting a Tweet calling for people to join Farming on KuSwap. Thereby, you will have the opportunity to receive Boost and the limited KUSFox NFT.

Note: Boosts will be deactivated if the tweet is unavailable.

NFT Marketplace

NFT Marketplace is where you can buy or sell NFTs on Kucoin Community Chain.

Each NFT will display the information details. Please carefully check the important information before each transaction to avoid unnecessary risks.

Launchpad

KuSwap provides developers a place to launch their projects on Kucoin Community Chain, as well as helping users reach new projects on Kucoin Community Chain, to find their opportunities.

To be able to join any IDO, you need to stake KUS – KCS LP, to receive the allocation for the first part of IDO. Then prepare your KUS for minting NFT or KUS – KCS LP for buying tokens.

Lottery

With Lottery on KuSwap, by owning a ticket with 6 numbers, you will have the opportunity to receive thousands of KUS every 24 hours.

The rule is simple: if you get one digit in the right order, you’ll have a chance to get a small amount of reward.

Also, the first winner with 4 numbers or more matched will get a special limited edition KusFox NFT. Holding this NFT gives you a one-time entry to the “Special Round A” of the next KUSPAD IDO.

Trading Battle

Another opportunity to increase your profits from KuSwap is trading with the KUS - KCS pair during the Trading Battle event. You will have the opportunity to receive a reward of hundreds to thousands of KUS tokens.

Note: Please check the event time and carefully read the rules before joining.

KuSwap Analytics

KuSwap Analytics is where users have a better overview of the product. This feature provides full real data such as Volume (24h), Total Liquidity, Top tokens,… Helping you to fully grasp the information to make the right decisions before joining any feature on KuSwap.

Fees

You can get back the fee you spent when Swapping and adding liquidity on KuSwap in the Swap section by clicking Withdraw.

Summary

Hopefully, this article has guided you well to experience KuSwap directly on the Coin98 Super App. Take advantage of this opportunity and get yourself the best profit. If you have any questions or problems, leave a comment below and join the Coin98 Wallet Chat - Global to get assisted!