UM-USDC Proof-of-Liquidity Farming pools allow anyone to provide liquidity by adding their assets to a pool. Add liquidity to receive Liquidity Provider tokens (LP tokens), go stake your LP tokens for more UM rewards!
How to earn more UM rewards by adding liquidity to UM-USDC liquidity pool
- Go to ‘Raydium’ website https://raydium.io/, navigate to the ‘Pools’ tab on the app and connect your wallet.
2. Search ‘UM-USDC’ and select the UM-USDC liquidity pools you wish to add to.
3. Please be aware that you must add liquidity to the pool in the form of two tokens at a 1:1 ratio according to USDC value. Enter the amount of UM you wish to add, the second coin (USDC) will adjust according to match a 1:1 ratio. Then click ‘Add Liquidity’. You will then need to approve the transaction in your wallet.
4. You should see a confirmation for the transaction. You should now be able to view your LP tokens in your wallet balance.
5. You have now successfully added to UM-USDC liquidity pool. That’s it, you’re now a liquidity provider of UM-USDC liquidity pool!
When you add to a pool you will receive Liquidity Provider tokens (LP tokens). Let’s stake your LP tokens into UncleMine Proof-of-Liquidity farming pools for more UM rewards!
6. Navigate to the ‘Farming’ — ‘Proof-of-Liquidity Farming’ tab on UncleMine website, choose one available Proof-of-Liquidity farming pool, click ‘Stake’
7. Enter the amount of LP tokens that you would like to stake. Click ‘Confirm’. You will then need to approve the transaction in your wallet.
8. Once succeed, you may be allowed to check your staking amount and reward amount at anytime.
Liquidity pool explanation:
When you add to a pool you will receive Liquidity Provider tokens (LP tokens). For example, if a user deposited $UM and $USDC into a pool, you would receive UM-USDC LP tokens.
These tokens represent a proportional share of the pooled assets, allowing a user to reclaim their funds at any point.
If you wish to reclaim your tokens, simply click ‘Remove Liquidity’ and confirm the transactions.
UncleMine Proof-of-Liquidity Farming pools explanation:
UncleMine Proof-of-Liquidity Farming pools consist of 4 Term Staking pools (predetermined periods: 30-day, 90-day, 180-day, 360-day).
Resources:
* Website: https://unclemine.org/
* Medium: https://medium.com/@UncleMine
* Twitter: https://twitter.com/uncleminenews
Community:
* Discord: https://discord.gg/ScuJCZtDHs
* English: https://t.me/UncleMine
* Korean: https://t.me/UncleMineKR
* Turkish: https://t.me/unclemineTR
* Russian: https://t.me/UncleMineRU
