How To Participate in Glitch LP Rewards Program
--
In this guide, we intend to provide users with a step-by-step guide on how to participate in the Glitch Liquidity Rewards Program.
Once live on January 17th, 9PM PST, users can access the Glitch Rewards program at:
Note: The LP Rewards Program will last for 90 days.
Glitch Economics Review
This liquidity program will distribute 888,888 GLCH(1% of the total supply) over the next 90 days to ETH-GLCH liquidity providers on Uniswap who deposit their LP tokens in the Glitch Liquidity Mining protocol.
Since we have allocated a fixed amount of GLCH for the rewards, the APY will be determined by the participation of the liquidity providers.
Glitch UI overview
In the header, you will find the LP you have and the details of the wallet a user has connected.
The APY is based on the USD value of the token. Participants are free to unstake and claim their GLCH at any time they like and can also always add liquidity and then restake the LP for the rewards within the 90 day period.
Connect your Wallet
The first step to earning the LP rewards will be to connect your Metamask wallet by clicking the ‘Connect Wallet’ button.
GET LP tokens
Provide liquidity to the ETH-GLCH Uniswap pair here.
- You can also click on the deposit ->Get LP token which will take you to the pair on Uniswap) and you can obtain your UNI — V2 ETH-GLCH LP Tokens.
- Once you get your LP Tokens, click “Deposit LP” in the Glitch LP Rewards protocol.
Deposit LP
- Approve the transaction in Metamask
- Confirm the deposit of your ETH-GLCH LP Tokens
- You will start receiving your GLCH tokens as soon as the transaction is confirmed.
Note: Estimated rewards can vary based on the time of staking. Due to the APY fluctuations, actual rewards may vary.
Claim GLCH
To transfer the GLCH rewards earned to your wallet, click the ‘Claim’ text, above the GLCH/week,
- Make sure you connect with the same wallet you used to deposit your LP tokens
- Approve the transaction in Metamask and you will receive the amount of GLCH tokens in your wallet.
P.S If you only claim your rewards, your liquidity would remain in the pool and keep generating you more rewards.
Withdraw request
First, connect with the same wallet you deposited your LP tokens with, then click the “Withdraw” button and approve the transaction in your meta mask wallet.
- Withdrawing your ETH-GLCH LP tokens will also withdraw the unclaimed GLCH rewards.
- After the LP withdrawal is approved and completed, you will receive your LP tokens and the GLCH rewards.
Learn More
Twitter: https://twitter.com/GlitchProtocol
Telegram: https://t.me/glitchprotocol
Telegram ANN: https://t.me/glitchprotocolANN
GLITCH Whitepaper: https://glitch.finance/Glitch-whitepaper-2020.pdf