Alpha Launch related questions
Wormhole relies upon a set of distributed nodes which monitor state on several blockchains. In Wormhole, these nodes are referred to as Guardians. The current Guardian set can be seen in the Wormhole Explorer. Many of the Guardians are also Validators for Solana.
It is the Guardians' role to observe messages and sign the corresponding payloads. Each guardian performs this step in isolation, later combining the resulting signatures with other guardians as a final step.
To connect to Swim, you will need an SPL wallet. Swim currently supports Sollet, Ledger, Solong, Phantom, MathWallet, and Solflare. Swim will continue to integrate new wallets as they are developed.
For Ethereum and BNB Chain, you will need a MetaMask wallet. We have plans to add support for more Ethereum and BNB Chain wallets.
As of now, there has not been a $SWIM token sale. Please do not buy any $SWIM tokens and please report anyone offering to sell you $SWIM tokens in our Discord.
Anyone providing liquidity to a pool on Swim will earn *0.03% of that pool's transactions accrued directly into your LP position. This will be divided between all LP providers proportionally to their stake. You do not need to collect these earnings, they are automatically credited.
Swap fee: Every time a user swaps, regardless of whether the transaction utilizes Wormhole or not, *0.04% fee is taken on the trade. *0.03% of it will go back to the LP pool as rewards and *0.01% will go to $SWIM holders. Currently the *0.01% is accruing and will be distributed once the $SWIM token is live.
Wormhole-wrapped tokens are tokens that represent ownership of a native token generated by the wormhole bridge. If you receive a wormhole wrapped token during your transaction, please refer to Wormhole-wrapped Tokens section.
The AMM interaction happens on Solana, hence the user will need to pay a small amount of gas fees there.
Initially your MetaMask wallet was either set to Ethereum or BNB Chain, and at the end of the transaction, in order to receive your native token at the destination chain, Swim will request to switch networks, so you can approve transactions there.
Once the tokens are sent to the bridge it is not possible to cancel the transaction. You can redeem at a later time when gas fees are lower.
With the current decentralized cross-chain communication methods to/from Solana, there are many transactions that are required on the Solana side. In particular: 1) Post VAA (1/3) (Validator Action Approval) 2) Post VAA (2/3) 3) Post VAA (3/3) 4) Claim the Wormhole-wrapped USDT tokens from the token bridge (using VAA) 5) Swim's Pool's smart contract
***fees set by governance