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CPOOL Liquidity Provision and LP Staking for Uniswap v3

CPOOL Token Contract

  • $CPOOL Token Contract: 0x66761fa41377003622aee3c7675fc7b5c1c2fac5
  • $CPOOL Uniswap Pool: 0xCB488B8452996454237D824d72f86090470292f4

Do not trust any other addresses, always refer to official Clearpool sources.

A tweet from Clearpool’s CEO on the latest Token Staking Rewards APR:

$CPOOL Staking: Introducing Uniswap V3 NFT Liquidity Mining Reward Programs

  • CPOOL/ETH Uniswap v3 LP Token StakingRewards: 1,000,000 CPOOL
  • APR: Dynamic
  • Duration: 30 days
  • Max Cap: No max cap
  • Starts: Thursday November 4th 2021 at 12pm UTC
  • Closes: December 4th 2021 at 12pm UTC
  • Lockup period: Tokens can be withdrawn at any time

To participate in the Liquidity mining program takes a few steps.

First, go to Uniswap v3 and provide liquidity to the pool, linked here: CPOOL/ETH pool.

This staking pool incentives in-range liquidity provision on a Uniswap V3 pool. The implementation is based on the Uniswap V3 staker contract.

Once you have provided liquidity, the pool will return an NFT token representing your position, the liquidity you provided, and the specific range you chose within the pool.

Second, the NFT token should then be staked to earn CPOOL rewards in the native Clearpool LP staking pool, found here.

The pool calculates rewards based on the value, duration, and range of the NFT tokens staked in the pool. You can withdraw CPOOL from the pool at any time.

Detailed Step-by-Step Uniswap v3 LP Staking and NFT LP Token Staking Natively on Clearpool

For those unfamiliar with Uniswap v3 LP staking, below is a detailed guide on how to provide liquidity on Uniswap and then how to stake your Uni v3 ETH-CPOOL NFT LP tokens on Clearpool.

  1. Go to https://app.uniswap.org/#/pool
  2. Click + New Position.
  3. Select the ETH and CPOOL pair.
  4. Select fee tier.

Every pair of tokens offers three fee tiers:

  • 0.05% fee tier: Best for stable pairs
  • The 0.05% fee tier is ideal for token pairs that typically trade at a fixed or highly correlated rate, such as stablecoin-stablecoin token pairs (e.g., DAI-USDC). LPs take on minimal price risk in these pools, and traders expect to pay minimal fees.
  • 0.3% fee tier: Best for most pairs
  • The 0.30% fee tier is best suited for less correlated token pairs such as the ETH-DAI pair, subject to significant price movements, upside, and downside. This higher fee is more likely to compensate LPs for the greater price risk that they take on relative to stablecoin LPs.
  • 1.0% fee tier: Best for exotic pairs
  • The 1.00% fee tier is designed for exotic assets, where LPs take on extreme price risk (e.g., ETH-GTC). Relevant assets are those that are particularly subject to monotonic price movements.

The app will auto-select the fee tier with the most liquidity because that is a good heuristic.

In most cases, LPs will align around one fee tier for a pair. If you’re new to LP’ing, we recommend using the auto-selected fee tier.

However, advanced LP strategies may find it worthwhile to provide liquidity in the other fee tiers.

Note: LPs who choose the non-consensus fee tier might be running a sophisticated strategy to offset certain risks. Please do your own research and tread carefully when considering other fee tiers.

  1. Input the deposit amounts. Enter a value in one of the ‘Deposit Amounts’ boxes, and the other box will automatically populate the corresponding amount.
  2. Select the price range. When making a price range decision, you should consider the degree to which you think prices will move throughout your position’s lifetime. It would be best to consider your willingness to manage the position as the market evolves actively and the economics of transactions required to manage a position actively.

If the price moves outside your specified range, then your position will be concentrated in one of the two assets and not earn trading fees until the price returns to their range.

Instead of picking a price range, you can provide liquidity across the Full Range like in Uniswap v2 by clicking the Full Range button; however, please note your rate of return will be significantly lower than a similar position with a more narrow price range.

  1. Approve tokens: 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.

  1. Congrats! Once that transaction confirms, your assets are now providing liquidity to Uniswap traders, and your position is earning fees.
  2. You can now proceed to https://stake.clearpool.finance to stake your Uni v3 NFT LP token.
  3. Connect your wallet on https://stake.clearpool.finance
  4. Your Uni v3 ETH-CPOOL NFT LP token will appear in the Not Staked LP Tokens box.
  5. Click the STAKE button next to your Uni v3 ETH-CPOOL NFT LP token, and then approve the transaction in your wallet.
  6. Congrats! Once that transaction confirms, you are now staking your Uni v3 ETH-CPOOL NFT LP token and earning CPOOL rewards in addition to the fees you are earning on Uniswap!
  7. You can claim your staking rewards at any time by clicking CLAIM and un-stake your Uni v3 ETH-CPOOL NFT LP token at any time by clicking UN-STAKE.
  8. Please note that the APR is dynamic and depends on the total value locked, TVL, of the CPOOL-ETH Uniswap Pool. Note that the APR indicated on the staking website is an estimation and will change based on TVL.

We hope this guide has been helpful to you. If you have any questions, please feel free to drop by our Telegram group.

Be sure to keep an eye on our social channels for updates on staking and lots more.

For more information on how to provide liquidity on Uniswap v3, please click here.

Happy staking!

About Clearpool

Clearpool is a decentralized capital markets ecosystem where institutional borrowers can access unsecured liquidity and where liquidity providers can earn attractive risk-adjusted returns.

The first decentralized dynamic marketplace for unsecured liquidity, where supply and demand always ensure each pool reaches a state of equilibrium in terms of size and interest rate.

A paradigm shift in how institutions borrow uncollateralized liquidity is upon us.

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