Unichain is a newly announced Layer 2 (L2) solution designed specifically for decentralized finance (DeFi) on the Ethereum blockchain. Developed by Uniswap Labs, it aims to address key challenges in the DeFi ecosystem while enhancing Ethereum’s scalability.
Unichain significantly reduces transaction costs, targeting a decrease of approximately 95% compared to Ethereum’s Layer 1 (L1) fees. This is part of a broader effort to maintain decentralization while improving affordability for users.
The platform boasts one-second block times, with plans to introduce sub-blocks that allow for transactions to be processed in as little as 250 milliseconds. This rapid transaction capability is intended to enhance market efficiency and minimize losses due to miner extractable value (MEV).
Unichain will implement a decentralized validation network that allows nodes to verify blocks, adding an extra layer of security and finality to transactions. This approach aims to mitigate risks associated with conflicting or invalid blocks.
As part of the Optimism Superchain, Unichain will facilitate seamless multi-chain swapping and cross-chain liquidity. This feature will enable users to interact with various chains without needing to navigate complex interfaces, enhancing user experience.
Unichain represents a significant step towards improving the DeFi landscape by leveraging Ethereum’s scaling roadmap while prioritizing decentralization and user experience.
Engage with the Uniswap Protocol for seamless trading experiences and decentralized finance opportunities. By following our Dynamic Unichain Guide, you will learn how to navigate and build on web3. Overtime we will update this guide with new steps!
Step by Step Guide
Bridge Funds
– First, we need to bridge test ETH to the new network.
– If you don’t have funds on Sepolia testnet claim it first: https://www.alchemy.com/faucets/ethereum-sepolia
– Once you have Sepolia test ETH it’s time to bridge.
– Visit bridge 1: https://superbridge.app/unichain-sepolia
– Visit bridge 2: https://testnet.brid.gg/unichain-sepolia?amount=&originChainId=11155111&token=ETH
Visit Bridge 3: Orbiter
Сreate a Token on Unichain
– Creating your own ERC-20 token might sound complex, but with the CoinFactory, this becomes a simple process that does not require knowledge of the Solidity language.
– Visit: https://coinfactory.app/generator/unichainSepolia
– Connect your wallet.
– On the left side you can choose chains, click it and scroll down to add Unichain.
– Now scroll down and choose a contract template (we chosed essential token)
– Once chosen, fill in all the details such as token name, supply and options.
– After you filled all details click on purple create token button at the bottom.
– Pay the fee (testnet) and sign the transactions.
– Congratulations! Your own ERC-20 token has been successfully created.
Mint Unichain NFT
– Visit: https://zora.co/collect/zora:0xb4e9e9568917e51dedf48d381985d50669c443cb/1
– Connect Wallet.
– Mint on ZORA.
Deploy Basic Contract
– Visit: https://owlto.finance/deploy/?chain=Unichain
– Connect your wallet.
– Click the basic mode, and then deploy button.
– Sign transaction and wait for confirmation.
– You can also deploy on ERC20 mode.
– Insert a name, Ticker, and click deploy.
– Sign transaction and wait for confirmation.
Claim faucet
– Visit: https://thirdweb.com/unichain-sepolia-testnet
– Here you can claim 0.01 ETH / Day.
Swap
– Visit: Uniswap
– Make sure you put your wallet on Unichain Testnet.
– Connect your wallet.
– connected, click in the right top corner on your username/wallet.
– Next, click on the settings ‘’wheel icon’’ and activate testnet mode.
– Time to make a swap, first click on the ETH logo in the swap screen.
– In the search bar, you will see another smaller ETH logo, click it.
– Next we choose Unichain Sepolia.
– Now we can swap ETH on unichain to WETH.
– Make a few swaps.
– Turn back later once new tokens are added!
Deploy NFT Contract
– Visit: ERC721/deploy
– Connect your wallet.
– Make sure your wallet is on Unichain sepolia.
– Fill in a name for your NFT contract.
– Upload an NFT contract icon.
– Scroll all the way down, and click on the Chain list at the bottom.
– Select: Unichain Sepolia Testnet.
– Next, Click the Deploy Now button.
– Sign the transactions, and wait until the transaction is confirmed.
– Click on View Contract.
Deploy NFTs
– We just deployed our NFT smart contracts, now it’s time to deploy & mint NFTs.
– On your contract dashboard you will see a menu on the left side, click the NFTs tab.
– Now you will see 3 blue buttons, click the Single Upload button.
– Fill in a name for your NFT.
– Upload an image for your NFT.
– Scroll down and click the Lazy Mint NFT button.
– Sign the transaction, once ready the NFT is deployed.
Claim Condition
– Next, you need to click the Claim Conditions tab, on the left side menu of your screen.
– Click on Add Phase, and Only Owner.
– Select the date and time and set it on yesterday!.
– Next click the save phases button and sign the transaction.
Mint NFT
– Go back to the NFTs tab, which you find in the same menu on the left side of your screen.
– Now click the Claim button (with the diamond icon)
– Click the Claim NFT button and sign the transaction.
– Congratulations, you just Deployed your ERC721 smart contract, Deployed an NFT on the contract, and minted it directly from your contract!
Run a Node (optional)
– To setup a node you need some technical skills
– If you are interested follow this guide.
– Guide: https://docs.unichain.org/docs/getting-started/set-up-a-node
Mint Domain
– Visit: https://minato.xname.app/
– Connect your wallet.
– Make sure you are on Unichain Testnet.
– Besides the nickname search bar, click .UNI
– Write a nickname and then mint it.
What next?
– Stay tuned for new interactions, such as swaps, and other activities.
– Come back later, we will update this guide regulary.
-Join the Unichain discord: https://discord.com/invite/AhgRNru9
That’s all for now. We hope you find value in this guide.
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