Machine DeFi 101 | Your Quick Guide to Wallets, Tokens, & Bridging

Peaq is building a unique infrastructure where over 3.3 million connected devices like robots and smart machines in order to create and exchange value. Importantly, humans are also invited to benefit from this Machine Economy. The guide introduces Machine DeFi on peaq, explaining how to set up a wallet, add tokens, and bridge assets to join peaq's DeFi ecosystem.

Key Highlights

Install an EVM-Compatible Wallet: Use wallets like MetaMask, Rabby, or Trust Wallet. Secure your seed phrase properly, and consider hardware wallets (Ledger, Trezor) for added protection.
Add peaq to Your Wallet: Connect your wallet to peaq by adding it as a custom network (RPC endpoint, Chain ID 3338, currency PEAQ). This enables direct transactions in the Machine Economy.
Bridge Assets to peaq: Move liquidity from other chains (Ethereum, Arbitrum, BNB) using bridges like Stargate or Squid. For example, bridge USDT from Ethereum to peaq to use in swaps or liquidity pools.
Add Custom Tokens: If tokens don't appear automatically, add them manually using their smart contract address from CoinMarketCap. This ensures visibility in your wallet.
Start Your Machine DeFi Journey: Once set up, you can transact, swap, and provide liquidity in apps like MachineX and Liquid Machines, tapping into the value generated by millions of devices.

Why It Matters?

By publishing guides - lowering barriers to entry, peaq empowers individuals to benefit from the value created by connected devices, while also expanding the reach of decentralized finance into real-world machine-driven ecosystems.