New WETH-LOOKS 1% Vault For LooksRare
We are excited to announce that we have now supported WETH-LOOKS 1% vault for LooksRare on Universe Finance, providing active liquidity management for our users. $LOOKS holders can directly deposit your assets (WETH-LOOKS pair) in this new vault. And Universe Finance will help you maximize your Uni V3 returns of WETH-LOOKS. 💎
👀 LooksRare is getting more and more popular among the residents around the crypto world. As an NFT marketplace interface, it is rapidly developing and has proven its ability of liquidity attracting. We are very excited to be the first platform to help manage $LOOKS on Uniswap V3 and help $LOOKS holders take advantage of V3’s concentrated liquidity.
💡 How to deposit
- Go to the Universe Finance official website: https://www.universe.finance/.
- Under the PRODUCTS tab, click [Smart Vault V2].
- Check the vault session and find the vault [WETH-LOOKS 1% vault].
- Click [Deposit] and enter the deposit window.
- Enter the deposit amount to pair your LP tokens.
- Approve the smart contract to use your tokens (i.e., WETH-LOOKS LP token)
- Once the token approval transaction has been completed, click [Deposit] and sign the transaction.
After these simple steps, your assets will begin to earn money for you.
Note: You only need to approve the token once. Subsequent deposit only requires you to sign the deposit transaction.
🍰 What rewards you will gain
- Fee Return ($LOOKS & $WETH)
- In terms of fee return, the display Fee APR is lifetime APR which varies constantly. The fee return consists of two parts of rewards: $LOOKS & $WETH.
- In terms of $UNT rewards, the collected $UNT reward can be claimed after we launch $UNT.
- After you deposit your assets, you will get $UNIVERSE-LP (ULP), which is like a certificate to prove how much you deposit ($LOOKS+$WETH). Additionally, it is also an interest-bearing asset. In the future, we will definitely put them to good use, making them profitable.
📍 Pair Address
You can also check the pair’s trading liquidity on Uniswap V3: 👇 https://info.uniswap.org/#/pools/0x6231e794773e4dc0b1ad79105d850a05d5fc0fcb
The WETH-LOOKS 1% vault on Universe Finance can help the LooksRare community benefit from boosted rewards on Uni V3. And users can also gain $UNT airdrops depositing in this vault. This unique vault is the first step to future opportunities for cooperation. Universe Finance is looking forward to more cooperation between our communities and aiming to generate more returns in the near future.
About Universe Finance
Universe Finance is an active liquidity management platform of Uniswap V3 based on risk ranking and quantitative strategies. Our mission is to maximize our users’ Uniswap V3 return. Universe Finance has provided a series of products and some proactive liquidity management tools to meet challenges such as increased risk, expensive gas fees, the timing and frequency of rebalancing, and reinvestment.
LooksRare is an NFT marketplace interface maintained by a decentralized team of developers. It facilitates interaction with the LOOKS Protocol, an NFT ecosystem deployed on the Ethereum blockchain. LooksRare rewards, empowers and gives back to the platform’s users and creators.