Introducing Our First Uniswap V3 LP Staking Pool for ROUTE v2/ETH
Our $ROUTE (v2) /$ETH Farm is now live on the Ethereum chain on Uniswap v3. You can now stake your liquidity position and start earning rewards.
Add Liquidity on Uniswap v3:
- Go to Uniswap v3 $ROUTE v2 Pool: https://app.uniswap.org/add/ETH/0x60F67E1015b3f069DD4358a78c38f83fE3a667A9
- Connect your Ethereum wallet.
- Select your fee tier as 0.3% in order to be eligible for the rewards.
- Set your price range.
- Enter the amounts you wish to deposit.
- Approve the tokens, Review and Add the liquidity.
For more detailed instructions, refer to Uniswap’s official guide and their video on Providing Liquidity on Uniswap v3.
Once you’ve provided liquidity, your position will be visible in the Pools section on Uniswap.
In Uni v3, you do not have LP tokens, but NFTs instead of LP tokens.
After you’ve added liquidity, you will receive an NFT from Uniswap, called the Uniswap V3: Positions NFT. This represents your share of the liquidity pool for the token.
Note: You must stake your NFT to actually earn rewards. Adding liquidity is not sufficient and this is a two step process.
Stake Your Uni v3 position NFT on Router Hub:
- After adding liquidity, go to the Router Protocol Hub: https://hub.routerprotocol.com/unifarms
- Connect your wallet.
- Stake your Uniswap v3 Positions NFT and start earning APY rewards.
Duration: 26th Aug 2024 to 18th Sep 2024. The rewards for this duration are 12,500 $ROUTE (v2) per day.
Suggestions:
- Make sure that your liquidity doesn’t go out of range to continue earning the rewards. When selecting the price make sure you do it carefully, if say the current price of $ROUTE v2 is 0.06, then can keep your price range as 0.033 to 0.26.
Read more about it in the official docs of Uniswap:
https://docs.uniswap.org/concepts/protocol/concentrated-liquidity
https://docs.uniswap.org/concepts/protocol/range-orders
- In Uniswap V3, liquidity providers can choose from various fee tiers when adding liquidity. For this pool, you have to select 0.3% fee tier in order to be eligible for the rewards.
Get started today and make the most of your $ROUTE v2/$ETH liquidity! Happy staking!
