Using XAX
This section provides step-by-step guides for the entire lifecycle of using XAX. You will find instructions on how to mint XAUSD. These guides are applicable across all of the protocol's supported asset families.
Before you begin, please check that all necessary conditions are met to ensure system compatibility and smooth operation.
Conditions
To interact with the XAX, you'll need a few things set up first. This is standard for most decentralized applications.
1. Get a Web3 Wallet
A wallet acts as your passport to the decentralized web. It holds your assets and allows you to interact with applications like Avant.
Recommended Wallets: MetaMask (most popular), Rabby Wallet (good user experience).
Action: Install your chosen wallet as a browser extension or mobile app and follow its instructions to create your wallet. Remember to store your seed phrase securely offline and never share it with anyone.
Security Note: For enhanced protection, especially if you plan to hold significant value, consider using a hardware wallet. Hardware wallets store your private keys offline, reducing exposure to phishing attacks, malware, and other online threats.
2. Connect Your Wallet to XAX
To interact with the XAX, you need to connect your wallet.
Action: Click Connect Wallet on the XAX and choose your preferred wallet.
3. Check for the Correct Network
When you first connect to the XAX, it will display the chain connected by the chain icon at the top right. If your wallet is connected to an unsupported chain, it will be indicated as "Wrong Network".
4. Fund Your Wallet with Native Currency
All transactions on any decentralized network require a small fee, known as a gas fee, which is paid in the network's native currency (e.g., ETH on Ethereum).
Action: Purchase a small amount of the native currency for your chosen network from a centralized exchange (e.g., Coinbase, Binance) and withdraw it to your wallet address on the correct chain. A small amount is typically sufficient for many transactions.
5. Get Assets to Deposit
You can access XAUSD through two paths: a direct native-chain path and a unified in-app routed path from supported tokens on supported chains (where liquidity is available).
For XAUSD :
- Direct path (native): Use USDT on Ethereum.
- Unified in-app path (supported chains): Start from supported tokens and use available buy/swap liquidity to route into XAUSD.