Tutorial: How to Participate in BLZ Liquidity Pool on UniSwap

Get started to Share a Reward Pool of 1 million in BLZ

About Bluzelle x Uniswap Incentivised Liquidity Pool

We are launching liquidity pool on Uniswap where contributors have the ability to earn BLZ without the need to stake on the Bluzelle platform. Starting with BLZ/USDC pool, more other pairs will be added later on. We encourage everyone to add liquidity to the pool and stake their ERC20 BLZ in order to earn extra tokens.

How is this different from Bluzelle Staking Program?

• This is a program of limited period
• No conversion to native BLZ tokens is needed. You can participate in the pool with your ERC20 BLZ
• No locking of BLZ tokens. You can withdraw your BLZ any time
• You not only earn BLZ rewards from Bluzelle, as a liquidity provider, you are also earning fees for every trade that happened on Uniswap.

Program Start Date:

19th February 12PM at UTC + 8

Duration:

4 weeks

Total Reward Pool:

Up to 1,000,000 BLZ. This is part of the 20M tokens set to be distributed for Bluzelle staking in the first year.

Get Started

⚠️ Every individual can create a smart contract on Uniswap using an ERC20 token. Please make sure you only use links provided by the Bluzelle official and confirm you are adding liquidity/trading with the right contract address as below:

🔰 Pair Address: 0x5fa9569b0ed6aa01e234468e6a15b77988b950df

🔰 BLZ Token Contract: 0x5732046a883704404f284ce41ffadd5b007fd668

🔰 USDC Contract: 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48

🔰 Official Bluzelle staking page: https://staking.bluzelle.com

🔰 Official link to add liquidity to BLZ-USDC pair: https://app.uniswap.org/#/add/0x5732046A883704404F284Ce41FfADd5b007FD668/0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48

Step 1 — Login to Bluzelle Liquidity Pool Page

Go to Bluzelle staking website (please make sure you have your Metamask extension loaded using Chrome) and go to “Liquidity Pool” page.

Select “Uniswap BLZ/USDC” pool and you can find your staking status summary.

Step 2 — Add Liquidity

Click “Add BLZ/USDC Liquidity to Uniswap”. You will be redirected to this Uniswap pool page. Once you add liquidity successfully, you will receive the UNI-V2 token in your Ethereum wallet. This will serve as a proof of your ownership of your share in the pool.

Step 3 — Start Staking

Go back to Bluzelle staking page. Select ‘Stake tokens’ and enter amount to stake.

If you are staking for the first time, you need to sign the first transaction that asks you to approve the spending limit on Metamask first. Once this transaction goes through, a second transaction that asks you to stake will show up on Metamask. If the second transaction does not show up, click “stake tokens” again

Sign your transaction on Metamask. You can adjust your gas price & limit on Metamask. Wait until the transaction is confirmed on the Ethereum network.

Now you are all set! Rewards are distributed in real time. You get them within a block of staking. You can stake when you want, un-stake when you want, and claim rewards when you want through the Bluzelle staking website.

If you would like to remove liquidity, you can do so on the Uniswap app.

⚠️Risk Warning

• This liquidity pool feature is not operated by Bluzelle and is only provided to you as a convenience. Therefore, Bluzelle is not liable for any loss or issues you might have as a direct or indirect result of participating in this and/or any associated activities.
• There is the potential for divergence loss due to the algorithm used by Uniswap. As a consequence, you may receive a different distribution of tokens upon redemption than you initially added. That means the ratio of your BLZ to USDC may change over time. You could end up with more BLZ or USDC depending on which way people are trading. Please educate yourself on the risks of providing liquidity and the concept of divergence loss before participating.
• By participating, you acknowledge that you fully understand and accept all the risks thereof.

About Bluzelle

Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability and availability than traditional solutions. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360-degree views, and more. As DeFi grows, Bluzelle’s infrastructure services play a big role.

Website | Telegram Community | Twitter | Blog