Best Practices for Crowdloaning

One of the things we get asked a lot is what is the best way for a user to get setup to participate in the crowdloan ecosystem. This page we are going to take you through what we feel is one of the cleanest and simplest ways to get yourself setup for participation.

Wallet Choice

Firstly I want to discuss seed keys. A lot of users don't realize that a 12 word seed that is generated from one wallet can be used in another wallet. The tutorial you are about to read is going to make use of this by firstly creating a seed on our mobile device and then later using that same seed to populate our browers extension. The purpose for this is so that one seed can be used but funds can be visible in both the browser extension or the mobile app. Chosing what wallet is going to store your funds is very important first step. For this guide we will be using the Clover Finance products to accomplish everything we need. There is a few reasons for this choice but mainly it is that the clover finance wallet is a wallet packed with many features and functionality that will save you time and energy in the future because you will be setup correctly on all chains from the get go.

Mobile Clover Setup

Mobile Setup
Mobile Setup
Mobile Setup
Mobile Setup
Mobile Setup
Mobile Setup
Mobile Setup
Mobile Setup

Clover Browser Setup

Browser Setup
Browser Setup
Browser Setup
Browser Setup
Browser Setup
Browser Setup
Browser Setup
Browser Setup

Compare Matching Addresses

At this point you should now have your Clover Finance mobile app installed and the Clover Finance browser extension and when you go to the DOT network and choose receive the addresses should now match between your browser and your mobile device. You need to take the time to check this step to verify that you have 100% gotten the same seed restored to both mobile and browser extension.

Ready for Crowdloans and Rewards

Now that you have got yourself setup with the same seed on multiple wallets you are ready for whatever these crowdloans throws at you. At this point you can head over to the parallel site and get your wallet connected and start deciding which projects you want to loan to. You can also rest assured that you have your seed key backed up in your special spot that you put your seeds. YOU DID THAT PART RIGHT??!?!? Please please please take the time to make sure you did that and even got as far as to make yourself some notes on this proecess so that you will remember later.