Phantom Wallet – Buy & Sell BTC, A Crypto Wallet You’ll Love
If you have been curious about Solana, but have not had the chance to try it out yet, this guide is for you! It is the easiest way to experience Solana without having any SOL (yet).
For this guide, we’ve partnered with Phantom wallet, one of the best wallets on Solana, to show you what happens when you pair Solana speed with the most beautiful and simple UI experience in crypto. If you have a minute, give it a spin and let your mind get blown.
What is Phantom?
Phantom is a wallet and browser extension that can manage digital assets and access decentralized applications on the Solana blockchain. It works by creating and managing private keys on behalf of its users, allowing them to store funds and sign transactions.
What is Mercurial?
Mercurial is building the liquidity platform for stable assets on Solana. On top of high efficiency/ low slippage swaps, Mercurial introduces dynamic fees and dynamic capital allocations to greatly improve profit potential for LPs and liquidity depth for users.
Ready? Let’s get started!
Access Mercurial Devnet
As the first step, let’s go to where the magic happens. We will be accessing the Mercurial Devnet as well as setup/connect the Phantom wallet.
Step Go to Click “Connect Wallet” to start the setup and connection process with the Phantom Wallet.
- These are not real tokens, they are used for DevNet testing purposes only.
- IF you are using Devnet on mobile after claiming USDC, USDT, or pUSD, you would need to switch over to the wallet browser tab to tap on “Approve” before the claim can be completed. This is not required if you set transactions to be “Auto-approved” during setup.
Cool! Now you have the liquidity required to perform testing on Devnet. Let’s go!
This function allows you to swap between the stablecoins supported by nVault, namely USDC, USDT, and pUS
Click on the ‘down arrow’ icon to display the list of available tokens for swapping and select the one you wish to swap. Repeat this step for the “You receive” section.
Deposit to Vault
Now armed with all the tokens in your wallet, it’s time for you to learn how you can add liquidity to the pool. In the live system, you will be able to earn LP fees by providing liquidity to the vault (in case you were wondering why one should deposit their tokens into a vault)
Congratulations! You’re now a Solanian!
We hope you find this guide Phantom wallet helpful and that you had a great experience trying out Solana. If you have any friends who are interested in Solana, please feel free to send them this guide.