There are two main ways to add APT to a Pontem Wallet: withdraw from a CEX or bridge another token and buy APT on Liquidswap.
1.Withdraw from a CEX
$APT is listed on major centralized exchanges like Binance, Huobi, FTX, KuCoin, and Coinbase. If you are registered on one of them, buy $APT and withdraw it to your Pontem Wallet. Make sure to choose Aptos in the list of networks. Your withdrawal will be processed within a few minutes.
Important! Don’t enter your MetaMask address when withdrawing $APT from an exchange. Aptos and MetaMask addresses look similar as they begin with 0x, but Aptos is a completely different network that isn’t compatible with EVM networks like Ethereum or BNB Chain. If you accidentally send $APT to a MetaMask address, it can be lost.
It can take from a few minutes to a few hours to process a bridging transaction, depending on the network load, so be patient.
How to get USDT in Pontem Wallet
There are two main ways to add USDT to an Aptos Wallet: trade for USDT on Liquidswap or bridge USDT to Aptos from another blockchain.
Buy on Liquidswap for APT: You can buy $APT on major exchanges like Binance, Huobi, FTX, KuCoin, and Coinbase. Withdraw APT from the exchange to your Pontem Wallet, making sure to choose Aptos in the list of networks. Next, connect to Liquidswap and use APT to buy USDT.
Out of gas: Make sure that you have enough APT to pay for gas and/or that the gas fee isn’t set too low (if you see a ‘Gas fee less than recommended’ error.)
Token not registered: On Aptos, a token has to be registered on an account before you can receive it or transact to it. This is to prevent scammers from sending out fake and malicious tokens. So before you send a token to someone, make sure they import it into the wallet.
Pending bridging transactions: Bridging can take time (up to 72 hours after transferring tokens from Aptos). Make sure to copy the tx hash (ID) to check its status on LayerZero Scan (when using the LayerZero bridge on Liquidswap). Even if a transaction is listed as ‘Failed’ in the bridge widget, it can be simply pending.
Transaction expired: This error can happen due to timestamp issues and miscommunication between a dApp and a wallet. Please report these bugs to Pontem’s Tech Support chat.
Invalid Payload: Try deleting the dApp’s cache data with Chrome DevTools. You can also try to uninstall and reinstall Pontem Wallet, importing your main account with the secret recovery phrase. If you have additional accounts (i.e. Account 2, Account 3 etc.), we recommend that you save their private keys before reinstalling Pontem Wallet to make it easier to restore them.
My assets disappeared! What should I do?
The beauty of blockchain is that nothing really disappears without a trace. Still, we receive questions from users who can’t find their tokens.
You’ve swapped tokens on Liquidswap and received much less than expected. The most probable reason: swapping into a pool with low reserves, in which case you’ll receive only as much as the pool is able to give you. Always check a pool’s reserves before swapping.
You’ve imported a Pontem Wallet and your old additional accounts (Account 2, Account 3 etc.) are gone. Solution: create a new Account 2 — and you should see the old Account 2, as long as it has a non-zero balance. Do the same for other missing accounts. (See above.)
You’ve bridged assets and didn’t receive them on the destination chain. Check the transaction’s status on LayerZero Scanor in Portal’s Redeem tab (depending on which bridge you’ve used); if it’s still pending, be patient. Always make sure to save the ID (hash) of your bridging transactions.
You’ve bridged assets and more APT/ETH/etc. is gone from your account than expected. Most likely, you forgot to check the full bridging fee estimate, which includes both source and destination gas fees. See the bridging tutorial.
Liquidswap
What is Liquidswap and how does it work?
Liquidswap is the first and biggest decentralized exchange (DEX) and automated market maker (AMM) on the Aptos blockchain. After the Aptos mainnet launch, it quickly reached $10 million in total value locked, becoming the single biggest DeFi dApp on Aptos. The DEX supports Pontem Wallet, Martian, and Petra, with more wallet integrations in the works.
Liquidswap features both regular (Uniswap-style) swaps between uncorrelated assets like APT/USDT or MOJO/APT and stable swaps (Curve-style) for correlated pairs like USDT/USDC. You can add liquidity to both types of pools to earn a passive income from trading fees (up to 1,000% APY in October 2022).
Liquidswap even has an integrated bridge by LayerZero, so you can bridge USDT, USDC, WETH and other assets from EVM chains like Ethereum, BNB Chain, and Arbitrum.
There are several ways you can interact with Liquidswap:
Swap APT, bridged assets (such as LayerZero USDT), DeFi derivatives (such as liquid staking tokens issued by Tortuga and Ditto Finance), and tokens issued on Aptos, including those that are not available on centralized exchanges yet.
Become a liquidity provider and earn a passive income from trading fees.
Create your own pool and add liquidity to it.
Participate in liquidity mining campaigns (coming soon).
If you’ve already used other DEXes like Uniswap, Curve, PancakeSwap, etc., you should have no trouble using Liquidswap. The only big difference is that it has both regular (uncorrelated) and stable (correlated) pools, but in most cases the correct pool type will be selected by default for each pair.
What is the TVL of Liquidswap?
As of late October 2022, Liquidswap DEX had a TVL of $12.4 million, making it the biggest DeFi dApp in the Aptos ecosystem, according to DeFiLlama. https://defillama.com/chain/Aptos
TVL stands for Total Value Locked and means the total amount of liquidity deposited in the protocol. For DEX, it’s the liquidity held in all the pools.
Whenever you deposit crypto in a liquidity pool on Liquidswap, it is counted towards the TVL. Being a liquidity provider on Liquidswap is currently very attractive, as you can earn over 100% APY from trading fees, Explore the available pools and deposit liquidity here: https://liquidswap.com/#/add-liquidity
What are the requirements for listing on Liquidswap?
Audit: As security is a key priority for Pontem, we work only with audited projects. For a token to be added to the default list of assets on Liquidswap, it needs to provide an audit report. If you haven’t completed an audit yet but would like to do so, we can connect you with one of our trusted security partners.
Public team or KYC: If your team isn’t public (doxxed), you can opt for a KYC with Pontem. We will not reveal the team members’ identities, but we need to know who we are working with.
Apart from a Liquidswap listing itself, audited projects can benefit from Pontem’s co-marketing campaign and even join our incubation program.
We are currently working on a flow to submit listing applications. For now, connect with Pontem’s Partnership Lead Vincy Hsu on Telegram at @VincyHsu.
Are all listed tokens audited?
All the tokens and coins you see in the default list on Liquidswap are audited and verified. These include APT; assets bridged from other chains via the LayerZero, Wormhole, and OmniBTC bridges (USDT, USDC, WETH, BTC, SOL, XBTC); and the tokens of Pontem’s verified partners, such as Argo (USDA), Tortuga Finance (tAPT), Ditto Finance (stAPT), Mojito Markets (MOJO), etc.
How to avoid fake and scam tokens on Liquidswap
Liquidswap is a decentralized platform, so technically anyone can create a pool for any new token on Aptos, add liquidity to it, and start trading. For your security, we recommend the following:
Swap only to and from assets on the default list.
Use LiquidSwap’s Register feature to add new tokens to your wallet. Don’t trust token contract addresses found on third-party sites.
Before swapping or depositing liquidity in a pool, make sure that you’re dealing with the official token and/or pool. Remember that a scammer can create a token with the same symbol as a verified token, create a pool for it, deposit liquidity, and start trading. Just because the name of the token is the same, doesn’t mean it’s the same token contract!
Where can I find information about token listings?
Pontem & Liquidswap list only audited tokens after a comprehensive due diligence procedure. Newly listed tokens are added to the default asset list on Liquidswap. We also announce all listings on Twitter, so make sure to give Pontem a follow.
What is a liquidity pool?
A liquidity pool is a deposit of liquidity (crypto tokens) locked in a smart contract that can be used by other participants to perform swaps, take out loans, and carry out other financial transactions on the blockchain.
On a DEX like Liquidswap, every liquidity pool contains two tokens (the two sides of a currency pair), such as APT and USDC. As users perform swaps, they pay fees, most of which are distributed among the liquidity providers who deposited liquidity in the pool.
Examples of popular liquidity pools on Liquidswap are APT/USDC, APT/USDT, etc. Liquidity pools also exist in lending protocols (where they normally feature just one token) and other types of DeFi apps.
What is an LP token?
An LP token (short for a liquidity provider token) is a special token that you get when you deposit liquidity in a liquidity pool on Liquidswap or any other DEX. It functions as an IOU, proving that you own a share of the pool and are eligible for a corresponding share of the fees. When you claim (redeem) your liquidity from a pool, LP tokens are burned.
In Pontem Wallet, Liquidswap LP tokens are displayed as USDT-APT, USDC-APT, tAPT-APT, and so forth, depending on the currency pair. Whoever holds the LP tokens can claim their share of the pool and its fee rewards: for example, you can send LP tokens to another wallet account and then use it to redeem the funds.
