How to trade LVTs using AirSwap
Tags: Unvest, Lvts, Trade, Airswap

Just like that, we’re live!

Tokens belonging to PolkaParty early investors are now tradable on Unvest.

LVTs (Liquid Vesting Tokens) are ERC-20s that can be traded on the Ethereum network. Buying a PolkaParty LVT gets you a token that can be converted (redeemed) 1:1 for unlocked PolkaParty at the end of vesting. Trades of LVTs carry a 2.5% protocol fee.

Check out the PolkaParty LVTs here:

https://app.unvest.io/tokens/0x48592de8cded16f6bb56c896fe1affc37630889c

During the Unvest Beta Period, we’re letting the community try out different trading tools to gather data before we build and release our own LVT trading app. One of the tools currently available is Airswap Trader!

What’s Airswap Trader

AirSwap Trader is a simple, decentralized application that you can access at https://trader.airswap.io/ that allows you to swap any ERC-20 Token for any other. It sets things up securely so that the buyer and the seller don’t have to trust each other or know each other. The trade happens on-chain using an instant Atomic Swap so neither of you can rip each other off.

How to SELL LVTs with Airswap Trader

So you’re an early investor and you’ve got some LVTs to sell?

You can create an offer, then share a web link to that offer with anyone.

Copy the ERC-20 address of the LVT you’re selling.

Click the little “copy” icon on the POLP LVT page

2. Go to https://trader.airswap.io/

3. Click the Select Token dropdown on the left and paste in the LVT contract address.

4. Click on the panel that appears below “More Tokens”

5. Type in the number of LVT tokens you’d like to sell:

6. On the right side, enter the TOTAL amount and currency you’d like to receive for the LVTs you’re selling. We recommend USDC or another stablecoin.

7. You can set an expiry for the trade offer. Optionally, you can also set a “Counterparty wallet” (we don’t recommend it) — specifying a counterparty wallet means only the address you paste in can take the trade.

8. Tap the ‘Create’ button

9. Select and connect your wallet

10. Approve the AirSwap contract to swap your LVT

11. If you get a “Hex” error after the permission transaction succeeds, don’t worry. Just refresh the page to continue (you may need to re-enter your tade data)

12. Sign the trade transaction (this is free and doesn’t cost any gas, and all your future trade offers of the same LVT will be gasless)

13. DONE! Now should have a link that you can copy and send to whoever you want. If they follow the link and complete the trade, you’ll get your USDC instantly, and they’ll get your LVTs.

How to BUY LVTs with Airswap Trader

So you wanna get in on a hot token like PolkaParty below retail price? Good news, you can either find one of the links described above. OR you can create a “Offer” link for the LVT you want and the price you’re willing to pay.

Copy the ERC-20 address of the LVT you’re wanting to buy.

Click the little “copy” icon on the POLP LVT page

2. Go to https://trader.airswap.io/

3. On the LEFT side, put the amount and currency you’re willing to pay

4. On the RIGHT side paste in the LVT token address, then set the quantity you’d like to buy.

5. Continue the same steps outlined in the first tutorial.

6. DONE! Now should have a link that you can copy and send to whoever you want. If they follow the link and complete the trade, you’ll get your LVTs instantly, and they’ll get your USDC.

Where to find people to trade with

For the initial stages of this Beta period, we‘ve created a Telegram group for folks looking to buy and sell LVTs.

LVT Trading Telegram:

https://t.me/joinchat/VEP4_8Rn_hA4NmMx