Tier 1: How to Stake Liquidity
The following page details how to provide liquidity & stake it to earn DROPS.
Last updated
The following page details how to provide liquidity & stake it to earn DROPS.
Last updated
In order to earn via Tier 1, users must first contribute to the DROPS/wETH liquidity pool.
View the following steps on how to provide/add to the pool.
Go to the following link:
Begin by connecting your wallet, you will need DROPS tokens and Ethereum that is equal to the value of DROPS you want to provide to the pool.
Once you have connected your wallet, you will be able to contribute to the pool. The Ratio is already set, enter the amount of DROPS you wish to add to the pool and the Ethereum needed to complete the transaction will autofill.
Example:
Once you have decided on your pool contribution amount, click the "Supply" button and confirm the transaction.
You have now successfully added liquidity.
When you provide liquidity on Uniswap you receive UNI-V2 LP Tokens which represent your holdings in the liquidity pool, these are the tokens that will be staked to earn DROPS.
Add the contract address shown above to your wallet, you will now be able to view your UNI-V2 LP token balance.
Navigate to the liquidity provision section of the Drops Earning Centre, linked below.
Begin by connecting your wallet. Once you are connected you will be prompted with the following:
View your UNI-V2 LP Token balance on the right hand side (highlighted in blue above).
Enter the amount of UNI-V2 tokens you wish to stake.
Press the "Stake your DROPS/wETH" button and confirm the transaction.
Congratulations, you have now staked your liquidity.
Rewards will begin to generate automatically, claim at anytime.
