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MILK: SpaceSwap step-by-step tutorial


Introduction: What is SpaceSwap?

SpaceSwap is a new DeFi platform that’s based on the Uniswap protocol but instead of simply copying it, it has been improved and refined. Its smart contract will also be audited soon to fix any potential bugs and vulnerabilities.
In SpaceSwap DEX, users provide their crypto liquidity and in return get tasty rewards — on the top of APY rates, they also get a serving of Milky Way (MILK) coins. SpaceSwap differs from Uniswap since its menu includes more treats, such as the MILK-SHAKE pool with high APY rates and SHAKE stablecoins for extra earnings.
Since SpaceSwap is initially based on the Uniswap model, it features a similar reward distribution algorithm with one significant difference — 0.25% of Uniswap’s transaction fees is shared directly with liquidity providers, while 0.05% is converted back to MILK and given to MilkShake (SHAKE) holders.
In the near future, more DeFi protocols (e.g. Curve, Maker, Compound, etc.) and pools will be added, each with its own tokenomics model. Note that this guide explains only the tokenomics model for Uniswap’s protocol.

SpaceSwap beginner’s guide.

Open the SpaceSwap homepage and click on ‘Connect Wallet’. So far, SpaceSwap supports Metamask browser wallet, other options will be added soon. Give permission to connect your wallet to SpaceSwap. Note that Metamask might charge you a fee for the connection to SpaceSwap, but it’s paid only once. After that, you will be able to stake assets in the liquidity pools and pay ETH gas fees in a click.

Introduction: What is SpaceSwap?

SpaceSwap is a new DeFi platform that’s based on the Uniswap protocol but instead of simply copying it, it has been improved and refined. Its smart contract will also be audited soon to fix any potential bugs and vulnerabilities.
In SpaceSwap DEX, users provide their crypto liquidity and in return get tasty rewards — on the top of APY rates, they also get a serving of Milky Way (MILK) coins. SpaceSwap differs from Uniswap since its menu includes more treats, such as the MILK-SHAKE pool with high APY rates and SHAKE stablecoins for extra earnings.
Since SpaceSwap is initially based on the Uniswap model, it features a similar reward distribution algorithm with one significant difference — 0.25% of Uniswap’s transaction fees is shared directly with liquidity providers, while 0.05% is converted back to MILK and given to MilkShake (SHAKE) holders.
In the near future, more DeFi protocols (e.g. Curve, Maker, Compound, etc.) and pools will be added, each with its own tokenomics model. Note that this guide explains only the tokenomics model for Uniswap’s protocol.

SpaceSwap beginner’s guide.

Open the SpaceSwap homepage and click on ‘Connect Wallet’. So far, SpaceSwap supports Metamask browser wallet, other options will be added soon. Give permission to connect your wallet to SpaceSwap. Note that Metamask might charge you a fee for the connection to SpaceSwap, but it’s paid only once. After that, you will be able to stake assets in the liquidity pools and pay ETH gas fees in a click.

Proceed to the Dashboard. It will show the overall liquidity in SpaceSwap pools and the amount of MILK in your glass. So far, it’s empty but you can easily fix that by purchasing MILK on Uniswap and getting MILK coins as the reward for staking in Milky Planet pools.
Now you are ready to explore the SpaceSwap universe! Click ‘Milky Planets’ to start your cosmic journey and reap DeFi profits.
The Milky Planets correspond to Uniswap pools:
  • Strawberry (MILK-ETH)
  • Classic (USDT-ETH)
  • Vanilla (USDC-ETH)
  • Chocolate (DAI-ETH)
  • Salt Caramel (SUSD-ETH)
  • Pistachio (UMA-ETH)
  • Blueberry (BAND-ETH)
  • Raspberry (LINK-ETH)
  • Milk Chocolate (AMPL-ETH)
  • Orange (COMP-ETH)
  • Liquorice (LEND-ETH)
  • Cinnamon (SNX-ETH)
  • Almond (YFI-ETH)
The list of Milky Planets (liquidity pools) is displayed on the Dashboard — each with its own combination of crypto assets.

MILK starts with Unicorns.

Before you start MILKing the SpaceSwap’s crypto cow, you should get acquainted with the Unicorn of the DeFi industry. Provide liquidity in Uniswap’s pools to get LP tokens: all of them will be deployed in SpaceSwap’s infrastructure.
Here’s an example of how to get ETH-UMA UNI-V2 LP tokens. In order to provide liquidity, you should have both ETH and UMA coins on your Metamask wallet.
Open Uniswap, choose the ‘Pool’ option, and click on the ‘Add liquidity’ button.

ETH is usually chosen by default. If not, select it in the opening window. Below, click on ‘Select a token’ and choose UMA. Be careful and check twice the smart contract address of the selected coin.
Now select the amount of ETH and UMA you want to add to the liquidity pool. Note that you will be charged a fee when buying coins in Uniswap and adding liquidity to pools.

How to stake in SpaceSwap?

e’ll continue using UMA-ETH LP tokens as an example. Select the Pistachio planet (UMA-ETH UNI V2 pool), click on it to find out the details (tokens staked, MILK earned), make a deposit or withdraw your earned MILK.

Click on ‘Approve’. You will get connected to Metamask wallet to confirm the payment of ETH gas fee: it is required for SpaceSwap to access your LP tokens in Uniswap. This fee is paid once.


Proceed to make the deposit. Enter the amount of LP tokens you want to submit or click on ‘MAX’ to deposit all of your balance. Press ‘Confirm’ and proceed to pay the ETH gas fee. Remember that Metamask and other wallets alike allow you to select the transaction speed (fees will vary accordingly).

Congratulations! Now when your LP tokens are added to the pool, you will enjoy APY rate rewards and MILK coins dropping into your wallet.
At this stage, your fantastic adventure in the SpaceSwap universe has only just begun. Feel free to explore other options:
  • add and withdraw liquidity from SpaceSwap pools
  • get liquidity back to Uniswap
  • stake assets in the MILK-SHAKE pool for extra earnings
  • earn more MILK with the help of SHAKE stablecoins (instructions will be added once the feature is deployed)

Holy Cow! It’s that easy?

es, but before you start enjoying MILK flowing into your wallet, make sure you do not deposit more than you can afford to lose. Despite SpaceSwap being a tried and tested platform, there are additional risks associated with crypto price fluctuations, high ETH gas fees, and APY rate corrections. Assess your risks properly and you’ll be golden.
Need more info? Check out the smart contract on GitHub and visit https://spaceswap.app/
Open the MILK-ETH pool on Uniswap and click on the Trade button to buy MILK instantly.
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Once the liquidity is added to the pool, you will get LP tokens. Now you can jump in the rocket and explore the Milky Planets to take your profits to the Moon!