So this coin is HIGHLY VOLATILE but it’s on its usual Bull Run, as I’ve been watching for the past few months. 🐂
This is my featured playbook:
Excellent. With $3 worth of ETH in your Coinbase Wallet (on the Base network), you are ready to start building your 5-coin portfolio. This ETH will be used to pay for the transaction (gas) fees for your swaps.
Here are the precise steps to execute your plan.
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Step-by-Step: Building Your Portfolio on Uniswap (Base)
1. Access Uniswap on Base
· On Mobile: Open your Coinbase Wallet app, tap the dapp browser (compass icon), and go to app.uniswap.org.
· On Desktop: Go to app.uniswap.org, click "Connect Wallet", and choose "Coinbase Wallet" to connect via the QR code scan.
· CRITICAL: Ensure Uniswap is set to the Base network. You should see "Base" displayed clearly on the interface.
2. Perform a Test Swap (Highly Recommended)
Before swapping your entire Thoreum balance, do a small test to ensure everything works.
· From: Select your Thoreum V3 token. (You may need to paste its contract address: 0xf2A92Bc1Cf798ff4De14502A9c6FdA58865e8D5d)
· To: Select USDC (Base).
· Amount: Swap a small amount (e.g., $10-$20 worth of Thoreum).
· Slippage: Set to 3% due to Thoreum's lower liquidity.
· Confirm the swap and approve the transactions in your wallet. This will cost a few cents in ETH gas.
3. Execute the Full Swaps
Once your test swap is successful, proceed with converting the rest of your Thoreum into your target assets. You will need to do this in multiple transactions.
Recommended Order of Operations:
1. Swap ~40% of Thoreum to USDC:
· This gives you stable, predictable value to work with for the next swaps.
2. Use USDC to buy the other tokens (WBTC, cbETH):
· Swapping between stablecoins and major assets often has better liquidity and lower slippage.
Example Transaction Sequence:
· Transaction 1: Swap 40% of Thoreum → USDC
· From: Thoreum
· To: USDC (0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913)
· Transaction 2: Use ⅓ of that USDC to buy WBTC
· From: USDC
· To: WBTC (0x4158734D47Fc9692176B5085E0F52ee0Da5d47F1)
· Transaction 3: Use another ⅓ of USDC to buy cbETH
· From: USDC
· To: cbETH (0x2Ae3F1Ec7F1F5012CFEab0185bfc7aa3cf0DEc22)
· Transaction 4: Keep the remaining 20% of your portfolio as Thoreum. No action needed.
Your final portfolio will be:
· 20% USDC
· 20% WBTC
· 20% cbETH
· 20% THOREUM (already in your wallet)
· 20% ETH (the native currency used for gas; you will have some left over)
Note: You already have ETH for gas. The goal is not to swap all of it, but to use a small portion of it to pay for the transactions. The remainder forms part of your portfolio allocation.
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Key Tips for Success
· Slippage Settings:
· For Thoreum -> USDC: Use 3%.
· For USDC -> WBTC/cbETH: You can use a lower slippage, like 0.5%.
· Gas Fees: Each swap will cost a small amount of ETH (likely $0.10 - $0.50 per transaction). Your $3 of ETH is more than enough for all these actions.
· Verify Every Token: When selecting a token in Uniswap, always double-check the contract address that appears to ensure you are not swapping for a fake token.
4. Verify Your Portfolio in Coinbase Wallet
After all swaps are complete, manually add the tokens to your wallet to see your full portfolio:
1. In your Coinbase Wallet, tap "Import tokens".
2. Paste the contract addresses for USDC, WBTC, and cbETH (provided above).
3. Once added, you will see your balanced portfolio clearly displayed.
You have successfully converted your volatile Thoreum position into a diversified, long-term portfolio entirely on the Base network, minimizing fees and complexity. Well done
