Swapping Canto on the go is now easier than ever, thanks to Slingshot Wallet. In honor of our very first Mobile Canto Promo that we launched today (and is running until 2/08/23 at 11:59pm PST, or while supplies last), we’ve put together a quick guide for Swapping on Canto with Slingshot Wallet. Start swapping on Canto today, the web+ way.
Funding, Bridging, Connecting to Canto
Before we dive into our swapping tutorial, let’s talk about bridging first. Yes, we know it’s a bit of a hassle to externally bridge, and we’ve got something in the works to help out with that 👀, but for now, the best external resources will just have to do.
How it currently works: You can go on your Slingshot Wallet at this moment and easily switch from your current network to Canto, but in order to successfully place swaps on Canto, you must have existing funds for Canto transactions. If you have yet to ‘send’ funds from a network you primarily connect to and have existing assets on (such as Ethereum Mainnet) to your Canto address, this is what bridging is for.
For bridging to and from Canto, we recommend Synapse Protocol (Official Bridge Link: https://synapseprotocol.com/) for overall ease and security. We’ve provided links for a guide to Synapse bridging along with a guide for using the official Canto Bridge, if preferred.
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Synapse Bridge (Multichain) - Use this official Canto guide to learn how to bridge using Synapse: https://docs.canto.io/user-guides/bridging-assets/synapse
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Canto Bridge - Visit the following Slingshot Help Center article for a step-by-step guide for bridging to and from the official Canto bridge: https://help.slingshot.finance/en/articles/6952123-how-to-use-the-official-canto-bridge
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Canto Bridge Walkthrough - The step-by-step wallet connect bridging guide by Canto: https://canto.io/bridge/walkthrough
Please Note: To swap on Canto with Slingshot Wallet, we suggest that users initially bridge to Canto on desktop, and then either import the same wallet into Slingshot Wallet or send the assets bridged on desktop to their mobile address. We recommend the process of bridge on desktop → swap on mobile, because it currently is a trickier process to bridge on mobile.
How to swap on Canto with Slingshot Wallet
Here’s your step by step tutorial for connecting your Slingshot Wallet to the Canto network and swapping all of your favorite Canto based assets and more. If you are new to Slingshot Wallet and have not yet created one, check out the resources below to help you get started (and a reminder that Slingshot Wallet is still in beta for both iOS and Android):
Now let’s swap some $CANTO!
Step 1 - If you have multiple wallets in your Slingshot Wallet collection, select the wallet with the necessary assets to place a successful swap. (Note: You will receive an ‘insufficient funds’ message if your selected wallet does not have assets available to swap on Canto).
Step 2 - After you’ve selected the wallet you will be swapping with, tap the ‘Swap’ button on your Homepage to go to the Swap page.
Step 3 - Once you’re on the Swap page, double check that you’re connected to the Canto network. If not, tap the network you’re currently connected to at the top of your screen, and then select Canto from the network selection menu to switch.
Step 4 - Search for and select the tokens you’d like to swap using the ‘From’ and ‘To’ tabs at the top of the screen, right under the selected network. The ‘From’ tab is the token you’re using to get the token you’re swapping ‘To’.
Note: You should already have a balance of the token you’re swapping ‘From’, otherwise you will not be able to complete a swap. In the below example, the user is connected to Canto and is planning to swap ‘From’ $CANTO ‘To’ $NOTE.
Step 5 - After you’ve selected your token pair, use the number keys to enter the amount of tokens you’ll be swapping.
Step 6 - When you’re ready, tap the ‘Review’ button to look over the details of your current swap.
Step 7 - Once you’ve reviewed, press the ‘Confirm’ button to give final approval for your swap.
Step 8 - After Confirming, you will be notified that your swap is pending and will take a few seconds to officially go through. (Note: If you have second thoughts within the waiting period, you can cancel your swap for a small fee).
Step 9 - Once your swap has gone through, you will be notified that it was successful! And when you return to your Homepage, your token list will be updated and your new token / added balance will be visible. Congrats!
What is Canto?
A quick introduction and overview to Canto for newcomers. First off, welcome! Secondly, we suggest you check out our first blog (ever) from last August, Slingshot expands to Canto, enabling 0% LP fee trading to learn more about Canto and Slingshot’s role within the Canto ecosystem.
“Canto is a new EVM-compatible blockchain launched in August last year. Unlike many L1s, Canto does not purport to innovate on tech, at least initially—it is built with mostly off-the-shelf, open source components, e.g., Cosmos SDK. Instead, its initial innovations are primarily socioeconomic: mechanisms for funding public goods and developer activity on the network. We think these economic innovations are worthy experiments with the potential to offer developers a better set of defaults that can drive a healthy and fast-growing market economy on the chain.” - Variant Fund
Please Note
This message is provided for educational and informational purposes only. By using Slingshot, you agree to our Terms and Conditions. This is not investment advice or a recommendation or solicitation to swap or hold any digital asset or to use a particular investment strategy. Some digital assets and markets may be unregulated, so you may not be protected by government insurance or regulatory protections. Digital assets are unpredictable so there is risk that you lose funds. You may owe taxes on your transactions so you should seek independent tax advice.
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