EasyFi brings $QUICK Farming Program
Understanding how to supply $EASY & earn $QUICK on Quickswap
The EasyFi $EASY offer
As we all know that liquidity mining had gone live on QuickSwap on 9th October. This provided us a great opportunity to open our community to extra token rewards using $EASY token pairs. Subsequently, we are rolling out an $EASY/$QUICK Liquidity reward program. This program will reward token holders who provide liquidity to the following pools on Quickswap.
- $EASY/$USDC
- UNI/eUSDC
- UNI/eUSDT
- UNI/eDAI
There’s a special incentive in $QUICK tokens for providing liquidity to all UNI pairs and non-uni pairs. More details about $Quick distribution are given here.
For a quick review, as a part of their major community incentivization program, $QUICK token distribution is as follows:
- 5% will be distributed to UNI token holders for providing liquidity on QuickSwap;
- 90% of QUICK tokens will be made available through liquidity mining distribution;
- Incentivized QuickSwap trading pools reward users with QUICK tokens for providing liquidity as well as a share of the yield.
For the uninitiated, eTokens are similar to a tokenized receipt that you receive for depositing underlying assets into respective markets. In the blockchain parlance, these LP tokens or eTokens or eLPs are ERC-compliant tokens which can also be used as collateral for staking.
Earning $QUICK through $EASY Liquidity pools
Step 1: Adding liquidity on Quickswap Pools
- Go to https://quickswap.exchange/#/pool : This is where you create your liquidity pair and supply tokens to add liquidity to different pools.
2. Click on the “Add Liquidity” button
3. You will be asked for two “inputs” on the Add liquidity dashboard. Basically, this is asking you to create a liquidity pair
4. Select your first input token from the dropdown viz. $EASY or $UNI
5. Then select your second input token from the dropdown viz. $USDC / eUSDC / eUSDT or eDAI
6. Select the amount of liquidity you would like to provide for the 1st input token. The second token will populate on its own based on price feeds.
7. Connect Wallet e.g. MetaMask- Please ensure you select Matic Network on your Metamask.
8. Once you have connected, the system will ask you to approve and complete the supply.
9. You would have started the pool and mining LP Tokens. This can be confirmed in your Metamask Token List.
Read here to learn how to set-up Metamask for Matic mainnet (custom RPC/Mapping mainnet)
Step 2: Staking your LP Tokens (eLP) on $QUICK
- Go to https://quickswap.exchange/#/quick : This is where you stake your eLPs to mine QUICK
2. You will find 4 EASY based options: EASY-USDC, Easy USDC-Uniswap, Easy USDT-Uniswap, and Easy DAI-Uniswap
3. Select your choice of deposit
4. Click “Deposit”
5. You will be led to the corresponding Liquidity Mining dashboard
6. Click on the “Deposit QUICK V2 LP Tokens” (Blue button at the bottom)
7. Select your Matic Network account on Metamask when prompted and stake the LP Tokens displayed there.
8. Approve the contract.
9. You will notice that the “Your Liquidity Deposits” bar is populated with your eLPs.
10. After some time, you will also see “Your unclaimed QUICK” in the space given below. Once your deposits start mining QUICK, a Claim button will also be made available and you can claim your $QUICK tokens.
For any queries, please feel free to write to us on our official telegram group EasyFi Official.
Go ahead, get more from your EASY tokens and eLP tokens; provide liquidity on QuickSwap in available Easy pools and farm Quick tokens.
Stay tuned for more news & updates on our Telegram channel and join the official group. You can also follow us on Twitter.
Reference Announcement here: EasyFi Twitter Announcement of farming EASY tokens on Quickswap
