My Experience with Trunk on Solana

Here is how it went for me, with lots of screenshots (because I like pictures).

There has been quite a stir in the Elephant Money community as of late, mostly due to an enhancement with the TRUNK token.

• The Trunk token is now cross-chain, as well as deflationary!

The Trunk/ Trumpet page has also been updated to reflect this change.

Users are now encouraged to start bridging their Trunk tokens over to the Solana blockchain & adding them to one of the 2 Trunk-USDC LPs on that chain.

• Here is my experience moving a small amount of my Trunk over to the Solana blockchain & adding it to the Meteora LP.

The whole experience went smoothly for me.

Hopefully, it’ll go smoothly for you as well.

If you want to learn about all the projects I’m active with & my current strategies then click the link below.

Step 1- Get The Phantom Wallet

Head to the Phantom.app website to get the Phantom wallet.

Download the extension for Chrome.

I had to create a new wallet.

This new wallet needed a new password & seed phrase.

Here’s my new wallet, all nice & clean!

Here are my top 5 highest-earning articles from March.

Please check them out as well.

1. My Current Crypto/ Defi Strategies & Goals
2. Learning about the Earn Ecosystem…
3. The 1% Club
4. My Weekly EM Report #26–03/02/24
5. I’m Adding BTC to My 1% Club

Step 2 — Move some Solana & USDC to my new wallet

Solana is the gas token on the Solana blockchain, just as BNB is the gas token on the Binance blockchain.

• So I’ll need some SOL tokens to do stuff there.
• I’ll also need some USDC tokens to use in LP on Meteroa.

I already have a small amount of SOL & USDC on Coinbase.

• So we’ll use that.

Transferring it to my new Phantom wallet…

Coinbase acknowledged me sending these tokens…

…& they were shown as received in my new wallet.

• So far so good!

I also have a small amount of USDC on Coinbase, that we will need to use later on for the LP.

I sent it to the phantom wallet, using the same process as with my SOL above.

Step 3 — Bridging Trunk to Solana

I now need to go get some more TRUNK tokens to my Solana wallet.

• I converted some BNB to some new TRUNK for this new journey, using Pancakeswap.

Now that I have my Trunk tokens, I need to move them over to Solana via the Workhole bridge…

It seemed to be a pretty intuitive process.

• I just needed to follow the steps, from top to bottom.

I had to create the associated token account…

… select the Solana as the target blockchain…

…Approve the tokens…

…yes. I’m sure…(That’s a funky name for the TRUNK token).

I had to do a bunch of different approvals.

Lastly, I had to “redeem” these tokens for them to become available in my wallet.

At this point, I’m done with the bridge.

• I may transfer more tokens over at a later time or just convert some more SOL to Trunk.

Now I can see my Trunk tokens in the Phantom wallet.

• Happy! Happy! Happy!

Step 4 — Supplying Trunk on Meteora LP

Go to the Meteroa web link posted on the Elephant Money site.

• I connected my Phantom wallet & it showed me my Trunk & USDC tokens.

Looks like I didn’t transfer enough USDC to cover all of my Trunk tokens…

…so I just did the max USDC & let it figure out how many Trunk tokens I needed for the LP.

This is what it looked like once I completed adding both tokens to the Meteora LP.

• All done!

Helpful Tips!

Here’s some useful information about how I did all these steps.

1. I was using the Chrome browser on a Windows 11 laptop.
2. I used the Rabby wallet for my bsc transactions & the Phantom wallet for my SOL transactions.
3. I waited for each transaction & approval to finish before clicking anything else.
4. I stayed on the same webpage, & didn’t look at another app until the transfer was completed.
5. The whole process took roughly around 15 minutes to complete.

BONUS: I followed the steps outlined in this video.

Hope this helps!

My referral info is below if you choose to join The Herd.

Once you are on the website above, ensure that my wallet’s address is in the “update partner” & click update. You can use the wallet address below.

0x8639551F642CCef27d99c2EB50E2c3572dD1A9B2

Click the link below if you would like to read any of my other Elephant Money articles.

Till next time.

God Speed!

(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. It is primarily a record of what I am doing & the different strategies I’m using to reach ROI & make a profit in Defi. I am neither an advisor for this nor suggesting any financial action on your part. Invest at your own risk. DO NOT INVEST MORE THAN YOU ARE WILLING TO LOSE! DYOR. NFA.)