We are thrilled to announce that Shade Protocol is the FIRST Cosmos DEX to integrate Andromeda onto our platform, providing an incredible opportunity for our users to leverage $ANDR tokens in trading, swapping, yield farming, and more - making Shade the epicenter for Andromeda trading on the Cosmos network!

If you are new to the Secret Network or Shade Protocol and seeking to privately utilize your $ANDR tokens? Perhaps you've earned $ANDR from Andromeda’s testnet and are looking to explore potential avenues for its utilization? If so, Shade Protocol has some incredible trading & yield opportunities for $ANDR tokenholders.

Thanks to the Shade fee grant, new Andromeda users can seamlessly bridge their tokens from Andromeda to Secret and swap for other assets using Shade Protocol. This allows you to access DeFi apps on Secret without needing existing tokens for gas fees.

In this post, we’ll walk through the simple steps to get you started. You can also follow along with our video tutorial.

Bridge from Andromeda to Secret

The first step is bridging your tokens from Andromeda over to Secret Network using the Shade Bridge feature. This will wrap your tokens as Secret Andromeda.

Simply connect your Web3 wallet (i.e. Keplr or MetaMask) and input the amount you’d like to bridge.

If you are new to Shade Protocol we have set up a fee grant that will give you $SCRT to help jumpstart your transactions. Click the "Acquire Gas" button to begin (circled below). A "Requesting Gas Grant" popup will be displayed

Once you have the appropriate amount of gas to complete the transaction, click "Bridge". You will receive a "transfer success" pop up, then confirm the transaction in your wallet under Portfolio.

Wrap Native $ANDR for (secret) $ANDR

If you have native $ANDR token in your Shade Portfolio, you can simply wrap it using the Shade Wrap feature. 

First, select ANDR in the “from” drop down. The “To” area will auto populate with the secret ANDR token. 

Next, input the amount of native $ANDR you would like to wrap, and click “wrap”. 

You have successfully wrapped your Native $ANDR token into the privacy-preserving secret $ANDR token. 

Swap (secret) $ANDR for Other Token

Once your $ANDR tokens appear in your portfolio, navigate to our swap page. Create a viewing key by clicking "View Balance".

Next, input the amount of $ANDR you’d like to swap, choose the token you’d like to swap it to (e.g. $SHD, $SILK, or other), click "Swap".

Through this tutorial you’ve successfully bridged Andromeda to Secret and swapped your $ANDR token for other assets.

Providing Liquidity

Shade Protocol is the one-stop-shop for DeFi opportunities to maximize your capital. In this example we will walk you through putting your $ANDR into a liquidity pool, stake, and earn.

On the Shade app swap page, go to Pools and in the search bar type ANDR. You will notice a $SHD / $ANDR pool appears. Click on the pool for the drop down options:

Step 1: Provide Liquidity

On the right side you can choose which tokens to provide and how much. This pool offers the options to:
A. Provide 50/50 SHD and ANDR
B. Provide only SHD*
C. Provide only ANDR*

*Single-sided liquidity provision may result in a loss or gain of funds due to price impact.

Once you enter the amount of token(s) to enter in the pool, click "Provide".

You will get a pop up asking to Mint and LP Shares or LP Shares. If you choose to Mint and LP Shares then you are staking your shares to earn $SHD APR.

Now you have successfully provided liquidity to the $SHD / $ANDR pool.

Conclusion

We are excited to integrate Andromeda's $ANDR token into the Shade Protocol ecosystem. This partnership provides Andromeda token holders new opportunities to utilize their tokens for swapping, trading, yield farming and more - right from the privacy and security of Secret Network via Shade.

With the introduction of an $SHD/$ANDR liquidity pool, Shade cements itself as the go-to decentralized exchange for $ANDR trading throughout the wider Cosmos ecosystem. In additiona,  by offering fee grants to cover transaction costs, we aim to provide a seamless onboarding experience for new Andromeda users looking to bridge assets over to Shade.

Shade Protocol is proud to power private transactions for $ANDR holders while expanding the utility and visibility of the Andromeda network. Together, we plan to push the boundaries of usability and adoption for privacy-preserving DeFi. This collaboration kicks off a mutually beneficial relationship between our two communities and we’re just getting started.

If you haven't already, be sure to check out our video tutorial walking through the simple steps to get started with $ANDR on Shade. We look forward to welcoming the Andromeda community and can't wait to see all the innovative ways our users will leverage this new integration.

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Information provided in this post is for general informational purposes only and does not constitute formal investment advice. Please read the full disclaimer at shadeprotocol.io/disclaimer before relying on any information herein.