ADD.xyz’s Staking Liquidity Program is about to launch!
We’re letting our community share the love and support us by staking their ADD/ETH into the Uniswap Pool in order to receive a share of approximately 10K USD per month equivalent in ADD tokens and the Uniswap v2 Token!
All you have to do to qualify is make sure your tokens are held in the ADD/ETH Uniswap pool for at least 30 days. You’ll need an equivalent amount in ETH in order to provide liquidity to Uniswap. The rewards program is automatically renewed on a monthly basis unless said otherwise.
As liquidity in the pool grows, we will also increase the monthly reward in proportion.
Unlike traditional banks which determine APY over time, Interest Rates in DeFi are actually determined by approximate time via the amount of blocks. At the current rate of block's being confirmed. A 30 day period should contain around 175,000 blocks, with 4 blocks mined per minute. Time Frame: Our staking reward pools are set to 175,000 blocks which is approximately a 30 day period. A start and end block height will be shown on the platform.
Minimum Deposits: There are no minimum deposit amounts in order to qualify for staking rewards.
Harvesting Rewards: Users can earn rewards and can exit the pool anytime. However, they can only claim rewards at the end of the 30 day period. The harvest period will be open for 30 days after the staking program, any rewards unclaimed will automatically revert back to the company treasury at the end of a further 30 days
Gamification: Expect Gamification.
Using the ADD.xyz Staking Liquidity Dashboard
Using our native staking dashboard, users will be able to see and select multiple Uniswap Liquidity pools, APY Rates and their personal holdings across all pairs available and even UNI LP rewards for providing liquidity. Users can track their ADD rewards on a monthly basis, instantly switch across pools and even see the status of their whitelist/eligibility for the staking reward if they have just started.
Firstly, connect your wallet to the ADD Platform.
Initially, all users will need to deposit their Liquidity directly to Uniswap, clicking the 'ADD Liquidity" button will redirect users to Uniswap's native platform and our pool, simply add the amount of of ADD to ETH/USDC/DAI/USDT that you would like to stake and confirm those transactions.
Once you've added liquidity, as you have already connected your wallet, you need to go ahead and stake your UNI V2-LP which you received from Uniswap when you staked your tokens. Click on "Stake" and then click on the "+" or "-" buttons to stake or un-stake your Uniswap LP.
The next step involves selecting the amount of Uniswap LP that you'd like to stake
The platform will automatically detect how much Uniswap-V2 LP you have in your wallet and you can set a specific amount or click on max to stake all Uniswap-V2 LP. Simply click on confirm and this will trigger a metamask pop-up.
Once you've successfully staked your ADD tokens and currency into Uniswap and staked your Uniswap V2-LP into the platform you'll see your ADD balance, the amount of ADD being rewarded per block and how much ADD you have earned in total.
Uniswap is a decentralized exchange (DEX) that allows users to directly swap ERC20 tokens without a third party. Rather than using the traditional order book model, Uniswap pools tokens into smart contracts and gives users the possibility to trade against these liquidity pools. Anyone can swap tokens, add tokens to a pool to earn Uniswap’s governance Token UNI, or list a token on Uniswap. If you provide liquidity, you get a .3% fee generated by Uniswap trades.
If you haven’t been living under a rock you probably have heard about the terms DeFi (Decentralized Finance) and Uniswap (or any other decentralized exchange like Balancer or SushiSwap). DeFi and decentralized Exchanges have gained an insane amount of exposure and popularity in the past couple of months. YFI even dethroned Bitcoin by peaking up above the price point of $40,000 per token which was four times the price of a single Bitcoin. This also caused a new trend wave of decentralization, as many users stepped over to using a decentralized Exchange over a traditional centralized Exchange like Binance or Coinbase Pro.
It’s quite simple. All you have to do is provide liquidity in the ADD/ETH pool on Uniswap V2. If you’re not sure about how a liquidity pool works, check this guide.
Please do keep in mind you cannot control the amount of any individual token (ETH or ADD) you get out of the pool. Sometimes the amount can consist of a larger share of ETH than ADD, or vice versa. Please read more about impermanent loss here.
Add.xyz has no control over lost funds on Uniswap.
Add.xyz reserves the right to cancel or modify the program at any time.
Uniswap is one of the most used smart contracts in crypto and known to many across the industry as a liquidity leader. They have a FAQ of their own that you can check out right here.
Rewards are credited on your whitelisted address every 30 days.