Camelot 4x mPoints Boost
We are excited to announce that user Lping in milkTIA : Tia.n pool on Camelot will earn 4X mPoints Bonus. Where we will be bridging milkTIA and TIA.n and lping on Camelot. Alternatively, you can directly acquire milkTIA and Tia.n on Camelot by swapping here, below is a guide on how you can lp to maximise your mPoints
Introduction to Squid Router
Squid allows any token to be swapped between blockchains, and unlocks access to apps across chains in a single click. Use Squid to build seamless user experiences that tap into cross-chain liquidity and scale to reach anyone with a crypto wallet, no matter what chain they’re on. Read more
Introduction to Hyperlane
Hyperlane is the first universal and permissionless interoperability layer built for the modular blockchain stack. Anyone can permissionlessly deploy hyperlane to any blockchain environment, whether it is a layer 1, rollup, or app-chain, allowing that chain to communicate seamlessly with any other chain on which Hyperlane has been deployed. Read more
Bridging milkTIA
To enter LP on Camelot, first bridge milkTIA from Osmosis to Arbitrum using Squid Router.
- *Note — Please make sure that you have milkTIA tokens on Osmosis chain to bridge.
Start on Squid: Head to Squid Router.
Connect Your Wallet: Connect your Keplr or leap wallet that holds milkTIA tokens on the Osmosis chain.
Select Source and Destination Chains: Choose “Osmosis” as the source chain and “Arbitrum” as the destination chain.
From the drop-down menus and select milkTIA as the token you wish to bridge. Enter the amount of milkTIA you want to transfer to Arbitrum.
Initiate the Transfer: Click on “Submit” and confirm the transaction in your wallet. Make sure to review the transaction fees and final amount to be received on the destination chain.
Bridging TIA
After bridging milkTIA now we will be bridging TIA using Hyperlane to pair with milkTIA and enter Lp on Camelot.
- *Note — Please make sure that you have TIA tokens on Celestia chain to bridge.
Start on Hyperlane: Head to Hyperlane Bridge
Connect Your Wallet: Connect your Cosmos (Keplr or leap) and Arbitrum wallets.
Select Source and Destination Chains: Choose “Celestia” as the source chain and “Arbitrum” as the destination chain
From the drop-down menus and select TIA as the token you wish to bridge. Enter the amount of milkTIA you want to transfer to Arbitrum.
Initiate the Transfer: Click on “Continue” and confirm the transaction in your wallet. Make sure to review the transaction fees and final amount to be received on the destination chain.
Adding Liquidity on Camelot
Once you’ve successfully bridged both milkTIA and TIA.n to Arbitrum, users can now LP into the Camelot pool.
Follow these steps to LP :
- Create position: Navigate to the milkTIA: TIA.n pool page, select Create position. Select your preferred range, input amount.
- Confirmation and Monitoring: Confirm the transaction. Once it’s processed, you can monitor your position directly on the pool page to see if it’s in range.
Note* — Only liquidity in range will be rewarded with pool emissions by the Camelot team.
And just like that you are earning 4mPoints/day/milkTIA.
Tips for Using Camelot Dex
- Stay In Range: The smaller the range, the higher the yield, but there is also a greater risk of impermanent loss. When deciding on a price range, it’s important to think about how much you expect prices to change during the time that you’re holding your position. You’ll also need to think about how much time and effort you’re willing to put into managing your position as market conditions change, as well as the costs involved in making those changes.
- Stay Informed: The DeFi space is rapidly evolving. Stay updated with Camelot’s updates and general DeFi trends.
Disclaimer: none of this is financial advice. Please do your own due diligence before participating in any of the mentioned protocols.
This wraps up the 9th post of the Where Is The Cheese Series.
Happy Milking! 🐄🥛
