DHT Liquidity Mining Going Live at 12am UTC Monday Sep 21

dHEDGE
dHEDGE
Sep 21 · 2 min read
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As previously communicated dHEDGE is adding sufficient liquidity for DHT, dHEDGE’s governance token.

Following a Governance vote over 24 hours on the dHEDGE Discord channel, the community with a clear majority voted for a Uniswap USDC — DHT 50/50 pool.

The dHEDGE DAO has now seeded the liquidity pool with 1,000,000 USDC and the equivalent value in DHT tokens, bringing the total liquidity to over $2,000,000.

The dHEDGE DAO will distribute a total of 500,000 DHT that was unsold in the Mesa Auction over 10 weeks (50,000 per week) as rewards for providing liquidity for DHT. The dHEDGE DAO will not be participating in staking.

Step-by-Step Staking Guide

  1. Install MetaMask and Get USDC/DHT

In order to participate in staking you will first need a Web3 enabled wallet to interface with the Ethereum blockchain. We recommend using MetaMask, which can be downloaded here if you are using the Google Chrome, Firefox, or Brave browsers.

Once MetaMask is set up, you will need to load an Ethereum address with some ETH to pay for Ethereum transaction fees (gas), and USDC/DHT.

You can purchase USDC and DHT on exchanges such as Uniswap. You will need equal dollar value of USDC and DHT in order to stake.

If Uniswap does not recognise ‘DHT’, enter token contract address: 0xca1207647Ff814039530D7d35df0e1Dd2e91Fa84

2. Deposit into Uniswap Pool

Go to: https://app.uniswap.org/#/add/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48/0xca1207647ff814039530d7d35df0e1dd2e91fa84

Enter input amount or MAX. After Approving the assets you are ready to Supply.

3. Stake on dHEDGE

Go to https://app.dhedge.org/lp-rewards and connect wallet. After the wallet is connect you can Stake your LP Uniswap tokens and start earning DHT.

More About dHEDGE

Supported by some of the biggest names in crypto, including Framework Ventures, Three Arrows Capital, BlockTower Capital, DACM, Maple Leaf Capital, Cluster Capital, Lemniscap, LD Capital, IOSG Ventures, NGC Ventures, Bitscale Capital, Divergence Ventures, Genblock Capital, Trusted Volumes, Altonomy, Continue Capital, The LAO and Loi Luu, Co-Founder and CEO of Kyber Network, dHEDGE aims to democratise the investing experience leveraging the unique capabilities of Ethereum and Synthetix.

Launch of Mainnet is scheduled to take place before the end of September, after a successful smart contract audit has been completed.

Join the dHEDGE community on Discord, Twitter, Telegram English language, Telegram Chinese language and on WeChat.

Important Notice: DHT tokens are a means by which users may utilise the protocol. dHEDGE DAO does not recommend purchasing DHT for speculative investment purposes. DHT tokens may lose value or have no value and may have no market.

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