EuclidSwap Testnet — Chapter 4 — Using Voucher Tokens

Understanding the Role of Voucher Tokens Within EuclidSwap If you missed the earlier chapter on performing swaps, click HERE. This chapter will cover everything related to voucher tokens: their purpose, benefits, and functionality within EuclidSwap. If you want to skip straight to the testnet itself, click HERE for the login page.

What Are Voucher Tokens?

Voucher tokens mimic regular tokens within Euclid’s ecosystem. They offer speed, flexibility, and are usable across chains for swaps and redeemable into native tokens anytime. They are exclusive to the Euclid platform and aren’t directly usable outside of it.

Benefits of Using Vouchers

• Faster settlement inside the Euclid ecosystem.
• Flexibility — hold vouchers on any chain even if liquidity for it does not exist on that chain. This is useful for users that don’t necessarily need their token to be on a specific chain at the current time.

Swapping Native Tokens for Voucher Tokens

• Connect to the chain with tokens (e.g. EUCL on Nibiru).

• Select the tokens, then go to the advanced settings. Here we are swapping EUCL tokens into USDC tokens.

Note: Keep the token type being swapped in as native, we want to swap from native to voucher in this example.

• For this swap, we’d receive 10.34 USDC tokens. Let us receive 5 tokens as native on the Sepolia network and the rest as vouchers. This can be done by customizing the limit in the advanced settings. If we use a limit less than the expected receive, the rest of the tokens will be provided as voucher tokens.
• Note: Voucher tokens are always credited to the voucher balance of the source chain and NOT the output chain. In our case they are the same so we would receive the tokens on Nibi network.

In the ‘Receive on chains’ section, we select the pencil icon to customise how many tokens we want to receive on the output chain.

As seen below, by setting the limit to 5, the remaining amount is added to the ‘Voucher Balance’. The final step will be selecting ‘Swap Now’ and then confirming.

Once the transaction is complete, you can then view voucher balances via the ‘Wallets’ tab.

Swap Vouchers for Native Tokens

Making swaps using vouchers is the same as using any regular token.

• Toggle to ‘Voucher Tokens’ in the swap interface, select tokens, and complete the transaction.
• Note: Native tokens may not be available as an option if the selected token does not exist on the connected chain. In such cases, a voucher token can be used instead.

Deposit Native Tokens into Vouchers

Instead of going through a swap, you can use the ‘Deposit’ option in the ‘Tokens’ page if you wish to swap into vouchers.

• In ‘Tokens’, select the token you want to use, and then select ‘Deposit’ to swap from native tokens for vouchers on any chain.
• Example: Convert 25 $EUCL into vouchers.

Note: Make sure you are connected to the chain where you have a native balance of $EUCL tokens.

• Selecting deposit will take you to the following page:

• Select the amount of native tokens to swap, and the output chain to receive the vouchers. In the example above, we’re swapping 25 native $EUCL from the Nibiru chain into voucher tokens on Polygon.
• Note: Vouchers offer flexibility, as they can be on any chain. For example, native EUCL might not be available on some chains, but using vouchers, you can bypass this and have your EUCL tokens on any of these chains.

Once you ‘Deposit’, the tokens will be converted to vouchers. You can double check by switching to the Polygon chain and checking your voucher balance in the wallet page.

Withdraw Voucher Tokens Into Native

This process is the opposite of the above. You can take deposited voucher tokens, and swap them for native using the ‘Withdraw’ feature.

• Access the ‘Wallets’ page, and then select the ‘Withdraw’ button next to the voucher token you wish to withdraw.
• Note: Ensure you’re connected to a chain where you have voucher tokens available.

• You can select the amount and destination chain to release the native tokens on. Once completed, you can check your balance, and will notice the voucher tokens have been redeemed for native ones.

• Note: Unlike vouchers, native tokens only exist on chains where liquidity pools for these tokens exist. This means you will have to withdraw to one of these chains.

If you want to get started on the app, Click HERE for the login page. To find additional articles remember to search our profile.

Euclid Protocol’s vision is to bring users back to the fundamentals of DeFi — empowering users with transparency, accessibility, and control over their financial activities — making DeFi great again!

Check out our X feed thread for more insights and updates. Additional links to our socials are here: TG Web Blog