Hello 👋
You're probably wondering how the swap between ERD and eGLD is managed. Indeed, it is possible that a corner changes its name. This is the case for the Elrond swap and its ERD token, which will become eGLD in September 2020.
1 eGLD = 1000 ERD
When eGLD began to be traded on exchanges, its price automatically corresponded to 1000x the price of ERD. In USD or Euro terms, the value of eGLD is therefore exactly the same as that of ERD.
In Waltio, the database records two tokens and you need to add a swap transaction between the ERD and eGLD.
💡 For some platforms such as crypto.com, you don't have to do anything, as the swap is visible.
However, platforms such as Binance, Just Mining and Elrond Bridges do not give you the option of seeing these swap transactions. We have informed them of this, but have not yet received any feedback.
It is therefore necessary to create them yourself in order to overcome this problem.
💡 This is also the case for LEND to AAVE, COCOS to COCOS, BQX to VGX, CDT to SSV, ASD to BTMX, LUNA to LUNC...
To do this, you need to create an exchange transaction equivalent to the sum of your ERDs in your account on the date of the swap to eGLD.
Example:
You have 1000 ERDs equivalent to $25. These 1000 ERD will become 1 eGLD which will also be worth $25. In Waltio, this gives the result below.
Step 1: Click on "Add transactions" then "Exchange".
Step 2: Fill in the details of your transaction then click on "Add 1 transaction".
💡 The transaction in the screenshot is in 2021, but you need to create the transaction in 2020.
⚠️ If LEND, ERD (etc.) withdrawal is already present, you will simply need to create an AAVE or eGLD deposit rather than an exchange.
If you have any further questions, please don't hesitate to contact us via the Chatbot just at the bottom right of your screen! 💬
The Waltio team