Aus10n
3 min readJun 9, 2020

STEP BY STEP GUIDE ON UNIBOMB (WBOMB) DAPP BY BOMB TOKEN.

This tutorial contains how to wrap and unwrap BOMB, how to add to uniswap liquidity pool and how to earn reward after adding to the pool. As most of you already know, uniswap doesn’t support deflationary tokens unless there is a way to bypass the burn process. This is the reason why we need WBOMB in order to be on uniswap. WBOMB is the wrapped version of BOMB. Now let’s proceed with the easy guide.

STEP 1: WRAP AND UNWRAP BOMB

In order to use BOMB on Uniswap, it has to be converted into WBOMB. How do we do this?

  • Visit https://bomb.exchange and connect your wallet.
  • Enter the amount of BOMB you want to wrap and click on the “Wrap” button
  • Note that the first transaction will be to unlock/approve BOMB on the dApp. You have to click “Wrap” again in order to wrap your BOMB.
  • After the transaction is successful, you’ll get equivalent amount of BOMB as WBOMB (after burn of course).
  • To unwrap, you follow the same process. The interface is pretty simple to use. Enter the amount of WBOMB you want to unwrap and then click the “Unwrap” button.
  • Note that you do not need to unwrap in order to move to the next step. You need WBOMB in order to proceed to step 2.

STEP 2: ADDING TO UNISWAP LIQUIDITY POOL

Skip this step and proceed to step 3 if you’ve already added to WBOMB pool on Uniswap.

  • Click on “Join a pool”
  • Enter the amount of WBOMB you want to add to the pool. Note that the dApp automatically inputs the corresponding amount of ETH required (based on estimated current price) in order to add to the pool successfully.
  • Click on “Approve WBOMB”.

After the transaction is successful, your ETH and WBOMB moves to uniswap while you get a UNI-V2 token in return. This represents your quota of the total WBOMB/ETH pool.

STEP 3: STAKE YOUR UNISWAP TOKEN (UNI-V2) IN THE WBOMB/ETH POOL.

Don’t get confused, this simply means you earn reward for contributing to WBOMB liquidity pool on uniswap.

  • Visit https://rewards.bomb.exchange
  • Click on your balance UNI-V2 as shown in the image below. This will automatically enter all your UNI-V2 tokens in the space provided. You can also enter it manually if you want.
  • Click on “Stake” and wait for the transaction to be successful.
  • After successfully staking, a countdown timer will display on your dashboard showing when your stake will expire.

We hope this guide is explanatory enough. For further questions, feel free to interact with us on Telegram.

Happy Wrapping! Happy Pooling!! Happy Staking!!!

Dapp is resposive on mobile and desktop and can be used on web3 intergrated wallets such as Trust Wallet.