How to Stake ROUTE-USDC Liquidity on Uniswap V3 and Earn Rewards
Following an overwhelming response from our community, on June 25, 2022, we extended our ROUTE-USDC farm for another 21 days. With a little over 8 days left, the clock is ticking for you to grab 400% + APR in a 40-cent range.
Here is a step-by-step guide to getting you started on staking your liquidity on Voyager.
Step 1) Open https://app.thevoyager.io/uni-v3-farms
Connect your wallet with Voyager and click on “Add Liquidity”. You can exit with all your accrued rewards once you unstake your liquidity from the farm.
Step 2) Once you click on “Add Liquidity,” you will be redirected to Uniswap’s interface. You will need to connect your wallet again. Once your wallet is connected, you will see a screen with a preloaded $ROUTE-USDC pair with a 0.05% fee tier.
Step 3) Now you’ll have to set the price range. As we mentioned earlier, we are providing 400% + APR in a 4 range of the current $ROUTE price point. For example, if the current price is 1.7, then a 4 range means 1.5 to 1.9.
Note that rewards will only accrue when the price stays within the price range set by you while adding liquidity.
Step 4) Deposit Amounts
Now that you’ve selected your price range, it’s time to decide how much capital you want to contribute to this position. Since this farm is not saturated with a high volume of liquidity, your stake will give you much higher returns right now. In order to complete this step, all you need to do is enter a value in one of the “Deposit Amounts” boxes, and the other box will be automatically populated based on the position of your price range around the market price.
Step 5) Approve and Add
First, you may need to approve the Uniswap v3 router contract to spend tokens on your behalf. This is only necessary the first time you provide liquidity with a token.
Once the approved transaction has been confirmed, you can press preview, review the transaction details, and then click Add to trigger the transaction in your wallet.
Step 6) Once you’ve added the liquidity, go back to the Voyager interface and stake in Router Farms. This is a mandatory step to get rewards.
And that’s it. After following these 6 simple steps, you’ve successfully committed your stake in the $ROUTE-$USDC farm.
We hope you find this guide helpful. Nonetheless, if you face any issues, we’re always available on our Telegram and Discord channels for troubleshooting.
About Router Protocol
Router Protocol is building a suite of cross-chain infra primitives that aims to enable blockchain interoperability between current and emerging Layer 1 and Layer 2 blockchains.
Telegram Announcements: https://t.me/router_ann