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.
- The USDC/DHT Uniswap pool is available here: https://app.uniswap.org/#/add/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48/0xca1207647ff814039530d7d35df0e1dd2e91fa84
- Staking of Uniswap LP token is live here: https://app.dhedge.org/lp-rewards
- Rewards will start at 12am UTC Monday Sep 21.
Step-by-Step Staking Guide
- 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
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.
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.