stCMDX is Stride's 9th stToken and a significant advancement for Comdex Official within the Cosmos ecosystem. The introduction of an stCMDX/CMDX pool on Comdex’s native DEX, cSwap, offers increased efficiency through ranged liquidity. The 36% APR CMDX staking reward no longer has to be forfeited when using CMDX onchain. Now use stCMDX, and keep your staking rewards!
For context, cSwap is a hybrid DEX on the Comdex chain, designed to bring together cross-chain markets and limit orders through its AMM liquidity pools. This platform caters to traders and arbitrageurs who want to execute more complex trading strategies. It enables users to create balanced liquidity pools with low fees and offers the flexibility to withdraw funds at any time without waiting periods. This approach safeguards users' assets in case of market fluctuations.
Use this tutorial to learn how to provide stCMDX liquidity on the cSwap DEX!
Liquid Staking CMDX to get stCMDX
- Go to app.stride.zone and connect your wallet in the top right corner of the screen. You need a positive balance of CMDX in your wallet in order to mint stCMDX.
- Enter the amount of CMDX that you wish to liquid stake. Select “liquid stake.”
- Send funds to the cSwap DEX in the Comdex network by clicking on the add to DEX button.
The Stride integration allows this to be done directly through the Stride app, though you can also transfer your tokens to cSwap using their app as well. Confirm the payment of the commission and complete the transaction in your wallet.
You now have successfully staked CMDX on Stride in exchange for a balance of stCMDX.
Transfer stCMDX from Stride to cSwap
An stCMDX/CMDX pool has appeared on Comdex’ native DEX, cSwap. The pool uses ranged liquidity, meaning it’s more efficient than a standard constant product pool.
Viewable here: https://app.cswap.one/farm/
- Following the link above to the cSwap Farm app page, connect your wallet in the top right corner.
- In the filter field on the page showing all of the liquidity pools, type “stCMDX” to narrow down the list of assets.
- Click “Add Liquidity” and enter the amount of each stCMDX and CMDX that you want to add to the pool. Make sure you have left a positive balance of the CMDX native tokens in your wallet to pay fees (0.03 minimum).
- Click “Deposit & Farm” and complete the transaction in your wallet. Once the transaction is successful, you can check your funds in the “My pools” tab.
Congratulations - you should have successfully added liquidity to cSwap’s stCMDX/CMDX pool.
Withdrawing Funds from cSwap
Follow these steps when you are ready to withdraw your assets from the exchange.
Click Add Liquidity and go to the Withdraw tab. Set the amount that you want to withdraw and click "Unfarm & Withdraw" at the bottom.
