Neo is a Layer-1 blockchain protocol for decentralized applications launched in 2014. It’s based on dBFT 2.0 consensus algorithm, which is a variation of Proof-of-Stake.
Neo offers its digital identity technology, oracles for real-world data, and a file storage network.
It’s also a hub for DeFi applications like Flamingo Finance. The latter is a full-stack decentralized protocol that allows swapping, wrapping, and managing assets. It’s the largest NEO-based dapp by value locked.
This guide will show you how to exchange NEP-17 tokens via Flamingo Finance.
Connect wallet
1. Go to Flamingo Finance and click “Trade”.
2. Click on the “Connect Wallet” button.
3. Pick a wallet from the list. We’ll use O3 wallet for this guide. Check out our guide on how to install the O3 wallet.
4. O3 Wallet notification will pop up (ensure your O3 wallet app is launched). Select your wallet from the list and click “Connect”.
5. The wallet is now connected.
Make a swap
1. We can now see our balance on the left side of the screen. Select tokens you want to swap. We’ll swap NUDES to GAS.
2. Enter the number of tokens you want to swap and click “Convert Now”.
3. O3 Wallet notification will pop up again. Click “Approve”.
4. Wait a few moments and check the updated balance on the left side of the screen.
All done, we have successfully exchanged our NUDES tokens for GAS!
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