Uniswap Exchange Tutorial: Swapping POA20 for ETH and DAI

Uniswap Exchange Tutorial: Swapping POA20 for ETH and DAI

The objective of this tutorial is to show users how to swap the following conversions via Uniswap:

  • POA20 to ETH and vice versa
  • POA20 to DAI and vice versa

Please note, in order to utilize Uniswap, you must have an Ethereum wallet browser extension downloaded such as Nifty Wallet or MetaMask. In this tutorial, we will be conducting all swaps via MetaMask.

Visit https://uniswap.io/ to get started!

Swapping POA20 for ETH and vice versa

Step 1 - In order to swap POA20 for ETH, select ‘Swap’ on the homepage. In the Input currency option, select ‘POA20’. In the Output currency selection, select ‘ETH’.

Step 2 - Enter the amount of POA20 you want to convert to ETH. Uniswap will automatically generate the amount of ETH you are to receive for the input provided. Select the ‘swap’ button to proceed.

Step 3 - A pop-up from MetaMask will appear to confirm the transaction. Select ‘Confirm’ to proceed with the transaction.

Step 4 - The balances on MetaMask as well as Uniswap will update. MetaMask will provide a transaction hash which can be viewed BlockScout for more details.

Step 5 - To convert ETH back to POA20, simply switch the Input and Output values, add the amount of ETH to exchange for POA20, and select ‘Swap’.

Step 6 - Confirm the transaction via MetaMask.

Step 7 - Confirm your wallet balances on Metamask and Uniswap.

Swapping POA20 for DAI and vice versa

Step 1 - In the ‘Swap’ page, select ‘POA20’ as the Input and ‘DAI’ as the output. Enter the amount of POA20 to convert to DAI. Uniswap will automatically generate how much DAI will be transferred. Select the ‘Swap’ button to confirm the transaction.

Step 2 - Confirm the transaction via MetaMask to proceed.

Step 3 - Confirm the refreshed balance on MetaMask and Uniswap.

Step 4 - To convert DAI back to POA20, simply switch the Input and Output values, add the amount of DAI to exchange for POA20, and select ‘Swap’.

Step 5 - Confirm the transaction via MetaMask. Select ‘Confirm’ to proceed.

Step 6 - Confirm the refreshed balances on MetaMask and Uniswap.

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