SCRT is the native token of the Secret Network. Secret Network is the first blockchain with data privacy by default! Allowing you to build and use applications that are both permissionless and privacy-preserving. This unique functionality protects users data, secures applications, and unlocks hundreds of new use cases for Web 3.
In November 2021 Secret Network launched their mainnet upgrade, Supernova, bringing programmable privacy to the entire Cosmos ecosystem. This upgrade allows $SCRT to work with all IBC chains and makes it possible to buy $SCRT on Osmosis Zone (the largest DeFi DEX in the Cosmos ecosystem).
Let’s get started
👉 Purchase ATOM from a CEX or DEX
Trade $ATOM for $SCRT on Osmosis
1️⃣ Navigate to the Osmosis Assets website.
2️⃣ Connect wallet to Osmosis Network
3️⃣ In the bottom left corner there is a Connect wallet button. Select it and a popup will emerge from Keplr — hit Approve.
4️⃣ You should now be in the Assets page. Find Cosmos Hub — ATOM and select where it says Deposit. This will send your $ATOM from your Keplr wallet to your Osmosis Network wallet. Don’t worry, you’ll still have full control over your funds and will be able to see them in your Keplr extension by selecting Cosmos -> Osmosis.
5️⃣ Deposit $ATOM to Osmosis Network
6️⃣ In the Deposit IBC Asset popup, enter the amount of $ATOM you wish to deposit and select Deposit. This will cause another Keplr wallet popup to occur. Select Approve.
💡 Your asset is now being sent from the Cosmos Network to the Osmosis Network. It may take several minutes to arrive. Refresh the page and you should see your deposited $ATOM under the Balance category. Pro tip: Check mintscan.io to see the status of your IBC transfer. If the transaction takes too long then the transaction will revert.
7️⃣ Navigate to the trade page. Here you will be trading your $ATOM for $SCRT.
8️⃣ Swap $ATOM for $SCRT
9️⃣ Enter the amount of $ATOM you wish to trade for $SCRT and hit Swap. This will cause another Keplr popup. Select Approve. This transaction will have a 0.3% gas fee plus a small percentage for slippage.
👍 You now have $SCRT! Let’s go ahead and send it to the Secret Network.
Send $SCRT from Osmosis Network to Secret Network
Osmosis is great, but what if you want the privacy features enabled by the Secret Network, or to stake your $SCRT? You’ll need to transfer them over just like you did with $ATOM.
1️⃣ Return to the Assets page of Osmosis.
2️⃣ Find Secret Network — SCRT and select Withdraw.
3️⃣ Withdraw $SCRT from Osmosis Zone
4️⃣ In the Withdraw IBC Asset popup, enter in the amount of $SCRT you wish to withdraw and select Withdraw.
5️⃣ The Keplr extension will pop up. Select Approve.
6️⃣ Congratulations! You now have your $SCRT on the Secret Network! You can see your $SCRT by going into your Keplr Wallet extension, select Cosmos -> Secret Network.
Get ready to stake and earn 🤑
From here, you can stake your SCRT for 23%+ APR vote on governance proposals or make privacy-preserving trades using Keplr wallet .