Hey guys, not sure how to provide liquidity with my UNI.
Currently, you canât provide liquidity with your UNI tokens but you can provide liquidity using these pairs
-
ETH - DAI
-
ETH - USDC
-
ETH - USDT
-
ETH - WBTC
Also, you will receive rewards with UNI for providing liquidity of above four pair
Itâs pretty easy!
Go to: https://uniswap.info/pair/0xd3d2e2692501a5c9ca623199d38826e513033a17
And click ââ+ add liquidityââ in the top right corner.
Then follow the steps on the liquidity page. Note that youâll have to add the same amount of ETH (in value) as UNI to be a liquidity provider.
Clarifying question: if Iâm adding my LP tokens (ETH/USDC for example) to the UNI mining pool, will that still allow me to receive liquidity fees for providing liquidity to ETH/USDC in addition to UNI tokens? â hopefully the question makes sense
Yes, still you can receive trading fees
sweet thanks @BTCbeginners.com! one more: any advantage of doing it sooner rather than later â other than starting to mine earlier? im asking because gas fees are nutz right nowâŚ
Hey, read the âLiquidity Miningâ of the this blog post: https://uniswap.org/blog/uni/
Where you can find the answer
thanks â i did alread and i didnât find the answer. in other words is there a cut of date or deadline to redeem tokens?
No deadline was communicated. Considering there was a snapshot, Iâm pretty sure you can claim whenever.
Could someone ELI5 how Impermanent Loss works? Would like to do the Liquidity Mining but I donât want to end up losing money
@miligramkiloton
You only earn swap fees from token swaps that occur after you added liquidity to the pool, so the earlier you do it, the longer your time exposure to potential fee accrual is, depending on how long you decide to add liquidity, the exchange value of token swaps, and the frequency of swaps.
If youâre in a pool early, youâre more likely to have a greater share of the fees, since less people are typically in the pools initially. Thatâs why the first LPs or stakers of a yield token tend to reap greater rewards, because they earn a disproportionate amount of tokens while the initial distribution rate is still significant, and the number of liquidity providers (and total value provided) is still low.
This is not investment advice. I encourage you to DYOR
I agree with you @miligramkiloton. I guess Iâll have to fix myself onboard as soon as possible. Funds ainât complete yet. I even missed the airdropđ¤Śââď¸.
hi if i provide 1000 dolar to one of the liquidity pairs , how much uni tokens do i get a day
I did one and it worked, then failed to lose my eth âŚ
Say I add 10 Eth to the liquidity pool, how can I calculate my potential return of UNI earned?
After providing liquidity to one of the four pools, head over to this page: https://app.uniswap.org/#/uni.
Click âdepositâ at one of the four pools and select how many liquidity tokens youâd want to provide - then youâll see an estimation.
This topic was automatically closed after 3 days. New replies are no longer allowed.