Jumper helps people trade cryptocurrency between different blockchain networks. You can use it to exchange tokens on bridges and decentralized exchanges. As a reward for using Jumper, you can earn XP points. You earn XP by trading tokens and completing special missions. These XP points can be used for various benefits within the Jumper ecosystem.
What Is Jumper Exchange?
Users may trade any token on-chain via any bridge and decentralized exchange (DEX) on Jumper Exchange, a decentralized finance (DeFi) platform.
To give consumers a smooth experience and establish itself as “crypto’s everything exchange,” Jumper Exchange seeks to improve interoperability across blockchain networks.
Over 20 chains, including Ethereum, Arbitrum, Polygon, and others, are available for user interaction. Furthermore, customers may access 30 DEXs, including Uniswap, Paraswap, Pancake, and others, via the exchange platform. Connext, Multichain, and Stargate are just a few of the more than fifteen bridge integrations that Jumper is capable of maintaining.
When users enter the specifics of their transactions, Jumper automatically suggests the most cost-effective, fastest, and secure path. Important details like the name of the bridge and DEX, the anticipated time of the transaction, the projected gas charge, and the estimated bridge fee are also sent with every trade.
LI.FI introduced the user-facing product Jumper Exchange, a cross-chain asset transfer protocol. In addition to serving as a network bridge, LI.FI offers developers the resources they need to incorporate cross-chain capabilities into their apps.
It functions mostly as a B2B firm by providing other projects with APIs and SDKs so they may make use of LI.FI’s cross-chain capabilities. Similar to this, Jumper Exchange uses LI.FI’s technology to streamline user cross-chain transactions. When combined, the two protocols improve DeFi’s usability and accessibility across different blockchain networks.
Joining Jumper Exchange’s Loyalty Pass program allows users to accrue points and gain unique access to discounts, prizes, airdrops, and freebies. The program was first introduced alongside the idea of seasons to encourage hyper-growth and the onboarding of additional people.
After two seasons of operation, Jumper successfully integrated one million participant wallets. Season 2 players (January 1 to June 30, 2024) will earn 15% more experience points, while Season 1 players (March 1 to December 31, 2023) will receive a 25% boost.
Instead of having seasons, Jumper now offers a permanent feature called Loyalty Pass, which is designed to honor and compensate consumers for their sustained participation and devotion. The team also recognizes it as a suitable foundation for a system that rewards early adopters.
Swapping Crypto on Jumper Exchange
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Connect Your Wallet:
- Head over to Jumper Exchange.
- Click “Connect” in the top right corner.
- Choose your wallet (e.g., MetaMask) from the list.
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Swap Your Crypto:
- Click “Exchange” at the top.
- Pick the crypto you want to swap (e.g., USDT) and its current blockchain (e.g., BSC).
- Select the new crypto (e.g., USDC) and its desired blockchain (e.g., Arbitrum).
- Jumper will show you different swap options with details like fees and time.
- Choose the option with the “Best Return” (usually lowest fees and fastest time).
- Click “Start Bridging” to begin the swap.
- Approve the transaction in your wallet.
- You will be notified once the swap is complete.
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Explore Seasons and Missions:
- Click the menu button (three lines) in the top right corner.
- Go to “Jumper Profile” to see your XP and available missions.
- Missions let you try other crypto apps and earn rewards (XP and OP tokens).
- Click on a mission to learn more and complete the steps.
Conclusion
A DeFi platform called Jumper Exchange enables users to seamlessly exchange tokens on-chain across over 20 networks by utilizing any bridge and DEX, hence improving interoperability. As a part of their Loyalty Pass program, interacting with Jumper Exchange can now earn you XP.
This post is not meant to be financial advice; it is only educational and does not guarantee an airdrop. Before utilizing any crypto protocols, make sure you have done your study.
