How can I liquidity mine on QuickSwap and pledge for revenue?

QuickSwap is a native project on MATIC mainnet and one of the first DEX projects to land on MATIC. Compared to other types of DeFi projects, DEX projects tend to have a higher valuation.

For example, UNI on the ETH mainnet and CAKE on the BSC mainnet, so it might be a good idea to invest some of your money early in the development of QuickSwap projects to become a liquidity provider.

This article will demonstrate how to add liquidity to QuickSwap and pledge LP TOKEN for revenue. If you don’t know how to cross-chain assets from the ETH mainnet to the MATIC mainnet, you can check out the previous tutorial “How to do liquidity mining on the popular ETH Layer2 segment – MATIC?”. This article will not go into detail.

QuickSwap liquidity mining practice

  1. Add liquidity to QuickSwap.

First, switch to MATIC mainnet in MetaMask, and make sure there are enough MATIC tokens in your wallet address as gas fee.

Go to the website.

https://quickswap.exchange/#/pool”, and connect to the wallet. Click “Add Liquidity” in the red box to enter the Add Liquidity screen.

How can I liquidity mine on QuickSwap and pledge for revenue?
Click on the red box and select the token you wish to add to form an LP. this article uses the MATIC-ETH trading pair as an example.

Click on the red box and select the token you wish to add to form an LP. this article uses the MATIC-ETH trading pair as an example.

How can I liquidity mine on QuickSwap and pledge for revenue?
How can I liquidity mine on QuickSwap and pledge for revenue?

After entering the number of TOKENs you wish to add, click on “Approve ETH” and “Supply”, then click on “Confirm Supply” in the pop-up window. “in the pop-up window and confirm the transaction in your wallet to finish adding liquidity.

How can I liquidity mine on QuickSwap and pledge for revenue?
How can I liquidity mine on QuickSwap and pledge for revenue?
How can I liquidity mine on QuickSwap and pledge for revenue?

After successful addition, you can view the details of LP TOKEN at the red box.

How can I liquidity mine on QuickSwap and pledge for revenue?

After completing the above operation to get MATIC-ETH LP TOKEN, you still need to pledge it to get the income. Click on “Rewards” at the top right of the page, find the MATIC-ETH pool, and click on “Deposit” to enter the pledge screen.

How can I liquidity mine on QuickSwap and pledge for revenue?
How can I liquidity mine on QuickSwap and pledge for revenue?

After that, click “Deposit QUCK-V2 LP Tokens” in the pledge screen and enter the number of LP TOKENs you wish to deposit in the pop-up window, then click “Approve” and Then click “Approve” and “Deposit” and confirm the transaction in the wallet to complete the pledge operation.

How can I liquidity mine on QuickSwap and pledge for revenue?
How can I liquidity mine on QuickSwap and pledge for revenue?
How can I liquidity mine on QuickSwap and pledge for revenue?
  1. After the transaction is confirmed by the block package, you can start to get the revenue of liquidity mining, the current annualized revenue of WMATIC-WETH pool is about 60%.

As shown in the figure, click on the red box above “Claim” to harvest QUICK TOKEN earnings, and the red box below shows the number of QUICK TOKEN currently available at the address per day. If you want to withdraw your assets from the pool, you can click on “Withdraw” at the bottom right to withdraw the LP TOKEN.

How can I liquidity mine on QuickSwap and pledge for revenue?

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/how-can-i-liquidity-mine-on-quickswap-and-pledge-for-revenue/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-06-08 21:59
Next 2021-06-08 22:16

Related articles