Aptos is a relatively new Smart Contract platform readily available for traders today. With this, many blockchain enthusiasts are already eager to know how to add Aptos to Metamask.
But since Aptos Network isn’t written in solidity, the native programming language of the Ethereum Virtual Machine (EVM), it is incompatible with MetaMask Wallet. Instead, it is written in a new language called Move, designed to improve flexibility and scalability.
But don’t worry; we know a way to get you started using DeFi applications and other services on the network. Continue reading because in this blog, you’re going to learn about the following:
- How to Add Aptos to Petra: A Step-by-step Tutorial
- Best DeFi Applications on Aptos
- What is Aptos Network?
- Is Aptos Worth Investing?
How to Add Aptos to Petra: A Step-by-step Tutorial
Petra is an Aptos browser plugin built on Aptos Labs. It is a bridge between the user and the Aptos blockchain, allowing users to mint NFTs and view other blockchain features. Users can store and sell their assets using this wallet, which makes it an excellent option.
Follow our comprehensive guide to get started with your Petra account.
Step 1: Install Petra (Aptos Wallet) Extension
To do this, you can visit Petra Wallet’s extension page. After that, click the “Add to Chrome” button on the right side of your screen.
Step 2: Create a New Wallet
You’ll be directed to the Aptos website to start an account. To recover an existing Aptos wallet account in Petra, Aptos recommends creating a new account in Petra, then switching and importing the account.
Step 3: Complete the registration process
Fill out all the required details and read their Terms of Service before continuing to finish the process.
Best DeFi Applications on Aptos
In fact, before the mainnet launch, there were already over 130 projects in the Aptos ecosystem, including dozens of dApps. This article will explore some of the best DeFi applications on Aptos.
As the first decentralized exchange (DEX) to operate on the Aptos mainnet, Liquidswap claims to have the largest ATM on Aptos, the most secure and scalable blockchain. It accepts Aptos tokens, USDT, BTC, and USDC by default.
This exchange features two (2) types of pools:
- Regular pools for uncorrelated assets. The same liquidity curve formula is used in these pools as in Uniswap. These assets could be APT-USDT and BTC-USDT.
- Stable pools for connected assets. To reduce slippage, these employ an advanced curve formula pioneered by Solidly. USDT-USDC is an example of these assets.
The main aspects of this application are its claims of:
- Performance, safety, and reliability
- Level of developers’ expertise
- Leading companies backing the system
Mobius is an easy-to-use lending program that connects to the Martian wallet on testnet to provide or borrow APT, BTC, or ETH. It is an Aptos decentralized liquidity protocol that works as a non-custodial wallet. This allows users to participate as depositors or borrowers.
As a non-custodial protocol, Aptin Finance lets users participate in a decentralized liquidity market as either depositors or borrowers. As of the end of 2022, the network operates on the testnet and supports Pontem Wallet and Martian.
Token staking encourages currency holders to participate in the network. Aptin Finance claims to deliver quick, secure, and low-cost transactions.
What is Aptos Network?
Like Ethereum, Aptos is a proof-of-stake layer-1 blockchain that supports smart contracts and decentralized applications. It is a Smart Contract platform and a blockchain endeavor recycled from Meta’s abandoned web3 project, previously Facebook.
Because of its innovative technology–thanks to the Aptos team for helping Meta develop its blockchain–which has the potential to surpass all current layer-one protocols, its mainnet, and token launches were highly anticipated.
The Aptos blockchain executes actions using the Move virtual machine (VM). Unlike many blockchains, Aptos delegated all operations, including but not limited to:
- Account setup
- Fund transfer
- Publication of Move modules
Is Aptos Worth Investing?
While no project is foolproof, many analysts presume Aptos will be one of the most dependable cryptocurrency industries in 2023. Many venture capitalists have also heavily invested in this blockchain for a variety of reasons, such as:
- Shown success on its testnet
- Trustworthy and experienced founders
- Efficient performance
- Anticipated to rise continuously according to predictions
Many crypto enthusiasts agree that Aptos will increase its value, so it’s a great choice to find a wallet that will keep your assets secure, such as Metamask. So while Aptos is not compatible with Metamask, the Petra wallet is an excellent option for the network. With everything in place, you can start using Aptos with ease and have complete control over your assets at all times.