PERI dApp Guide — 4. Earn(LP Reward)
This article will introduce the earn rewards pUSD progress of PERI Finance staking dApp with updated UI.
We will explain the whole procedure with the Metamask wallet.
Benefits of Liquidity Providers
Liquidity Providers can get additional profit by choosing a network that has higher APY. (on 18th August 2021, LP reward APY on Quickswap recorded about 710%, Pancakeswap 323%, and Uniswap 311%)
Moreover, there is no locked period for LP rewards, the provider can receive the rewards instantly and they can remove the liquidity without any restrictions.
Regarding of APYs in the networks, please check the previous article:
Guide for Adding Liquidity on LP Pool
For adding liquidity pool on Uniswap, please check this guide below:
The Ultimate Guide to Uniswap.
Uniswap is a protocol for automated token exchange on Ethereum. Most exchanges maintain an order book and facilitate…
You can swap ETH/PERI by finding PERI or paste the following Smart Contract Address:
Note — PERI/ETH trading pair has in the Uniswap V2.
Please check Pancakeswap’s official guide for adding liquidity pools:
Participate the LP pool by adding PERI BSC Smart Contract Address:
You can check the detailed tutorial link about adding LP pool:
QuickSwap Tutorial: How To Use The QuickSwap Exchange
By Nicholas Brown - Follow me on Twitter. QuickSwap - a decentralized finance product, is a fork of the popular Uniswap…
Join the LP pool by adding PERI Polygon Smart Contract Address:
Add LP Token on Metamask
Step 1. Click ‘Add Tokens’ on the metamask.
Step 2. Add Tokens on your appropriate network’s following LP token address:
Uniswap(UNI-V2, Ethereum Mainnet): 0x3530A9461788891b7f5b94148a6E82FFa6fd236a
Pancakeswap(Cake-LP, Binance Smart Chain): 0xb68ebcec4c7aba66f5b8ed62e8c98b269cf918c8
Quickswap(UNI-V2, Matic Mainnet): 0x98f675b60769abc732ee59685bffa19ea3c8e81c
And click ‘Next’
Step 3. After you click ‘Add tokens’, you can see the current LP token amounts.
Earn LP Rewards(Staking LP Token) — PERI dApp
We will explain the whole procedure in the Polygon Network.
The process of Staking LP Reward on ETH and BSC is the same as the following steps on Polygon Network.
Step 1. Click Stake — Earn on the staking dApp main page.
Step 2. Input amounts of LP token you want to stake and click ‘Stake’.
Step 3. Check the gas fee on the Metamask, and click ‘Confirm’.
Once the transaction is completed, you can see the alert on dApp and Metamask.
Step 4. Check the staked LP amount on the ‘Balance’ window.
For users who are going to claim LP rewards, please check the ‘Claim’ guide below.
PERI dApp Guide — 3. Reward
This article will introduce burn pUSD progress of PERI Finance staking dApp with updated UI. We will explain the whole…
Liquidity Providing could have the risk of impermanent loss in PERI token price change. As a liquidity provider, your position may fall in value with respect to either asset (before fees), and impermanent loss is often defined as the percentage loss an LP would experience for a given price movement. PERI Finance does not guarantee regarding impermanent loss, and all risk of loss is borne by the user.