GYSR + Gelato Arrakis: for Uniswap v3 liquidity mining
We are excited to announce a partnership between Gelato and GYSR to provide a simple out-of-the-box solution for liquidity mining on Uniswap v3. We describe this integration in the article below.
Arrakis
Arrakis (previously G-UNI) pools are a solution for automated liquidity management on Uniswap v3. They convert your non-fungible liquidity positions in a given Uniswap pool into fungible ERC20 tokens and automate the rebalancing and fee compounding processes. Overall, this makes Uniswap v3 liquidity provisioning much more accessible, composable, and profitable for the average user.
Arrakis is powered by the Gelato Network, which provides decentralized smart contract automation, specifically rebalancing and auto compounding functionalities.
You can learn more about Arrakis here:
https://medium.com/gelato-network/introducing-g-uni-lp-like-a-pro-in-uniswap-v3-8fd6fdf9fc35
GYSR staking pools
GYSR staking pools are a contract between creators and users to incentivize and reward a particular tokenized behavior. It allows projects to promote meaningful participation in their protocol with a fair and transparent token distribution system.
GYSR contracts can be configured with any ERC-20 token, multiple distribution schedules, time-based incentives, different reward mechanics, and more. This flexibility means pools can address a wide variety of problems and use cases.
You can learn more about GYSR here:
https://docs.gysr.io/
Integration
By combining G-UNI and a GYSR staking pool, anyone can quickly launch a Uniswap v3 liquidity mining program with zero code. This allows projects to efficiently build liquidity on Uniswap v3, maintain a dead simple experience for their users, and distribute tokens fairly to their community.
Benefits:
- Deploy an Arrakis Uniswap v3 liquidity management system with no code
- Deploy a GYSR liquidity mining reward mechanism with no code
- Leverage the benefits of concentrated liquidity for your project
- Encourage simple and passive community participation
- Distribute token supply to meaningful participants in a fair manner
How to get started
Step 1: Create your Gelato Arrakis pool here:
https://www.sorbet.finance/#/pools
Step 2: Create your GYSR pool following the steps here, using the G-UNI ERC20 as the staking token:
https://docs.gysr.io/guide/launching-a-pool
Step 3: Fund the pool with the specified reward token:
https://docs.gysr.io/guide/managing-a-pool
Step 4: share with your community!
Please reach out to the GYSR or Gelato teams at any time for questions or discussion on this pattern! We’d be happy to collaborate.
GYSR discord: https://discord.gg/qjWa7JB
Gelato discord: https://discord.gg/ApbA39BKyJ
Update: we are officially using our own solution!
2022/04/29
To participate in the new liquidity mining incentives…
Step 1: Connect to the Polygon and make sure you have whatever WMATIC and GYSR you wish to provide as liquidity (note: you may need to wrap WMATIC manually). For reference, the new trading pair on Uniswap v3 can be found here:
https://info.uniswap.org/#/polygon/pools/0xdcc2f1e96ac3574f3195e584302cfd9f64fe2e66
Step 2: Add liquidity to Uniswap v3 via the Arrakis pool here:
https://beta.arrakis.finance/#/vaults/0xe61cb0BCa82DB9E57E34C75e4470b79a8F69eDB4
Step 3: Stake your RAKIS LP tokens in the GYSR pool here:
https://app.gysr.io/pool/0x42c257601e70b2e6ce4bdc794494d48334fc7533?network=polygon
Step 4: Earn rewards, let fees auto-compound, and enjoy the increased capital efficiency!
NOTE: existing liquidity providers on Polygon will need to withdraw liquidity from QuickSwap, deposit to Uniswap v3 via Arrakis (previously G-UNI), and stake in the new rewards pool on GYSR
