DPI / ETH Pool on Quickswap Now Earning $QUICK Rewards!
The DeFi Pulse Index just gained a new productive use case on Polygon. Users can earn $QUICK rewards on Quickswap by providing liquidity to the DPI/ETH pair by following the tutorial below.
Liquidity Mining Program Details:
Venue: Quickswap (Polygon Network)
Pair: DPI — ETH
Pool ID: 0x9f77ef7175032867d26e75d2fa267a6299e3fb57
Rewards: 2 $QUICK tokens/day
Disclaimers / Things to think about:
- Impermanent Loss Risk
- No Reliable APY, Potentially Highly Competitive
- High Gas Costs to Bridge
Now on to the tutorial!
Step 1: Acquire DPI & ETH on the Polygon Network
The two easiest ways to acquire DPI and ETH are swapping and bridging.
- To Swap: On polygon, Go to Quickswap or Sushiswap (make sure to toggle to Polygon!) to exchange for DPI and ETH.
- To Bridge: Watch Video Below
Step 2: Provide Liquidity to DPI/ETH on Quickswap
Once you’ve sourced DPI and ETH on the Polygon network, make your way over to the Quickswap pool. Use the below tutorial to take an LP position.
Step 3: Stake LP Tokens to Earn Rewards
After providing liquidity, you can stake your tokens on the Quickswap interface in order to begin receiving $QUICK rewards.
That’s it, now sit back and earn!