Walkthrough of Uniswap liquidity mining, how to earn UNI token.
1: Go to
https://app.uniswap.org/
(Free 400 UNI is already claimed at the screenshot below)
More details at:
https://uniswap.org/blog/uni/
2: Provide liquidity
Go to "Pool" tab
https://app.uniswap.org/#/pool
Same function as before, but if you are doing this for the first time:
1: Provide 50/50 liquidity e.g. ETH/DAI 50/50 ratio with USD price
Not like Balancer pool with AMM (Automated market making)
There was no indication during this step but you will get UNI-V2 XXX-XXX (pair) token
3: Go to "UNI" tab
Deposit liquidity pool token which is given with providing the liquidity into the pool above. "UNI-V2 ETH-DAI token" in this case
This is similar to Curve LP token.
https://app.uniswap.org/#/uni
There are currently 4 pools as of Sep 18 2020.
ETH-DAI liquidity was provided above.
4: Claim, Deposit, Withdraw
Claim to take the UNI rewarded token
Deposit to earn more UNI
Withdraw to unstake the UNI-V2 staked token and also claim UNI token
5: Remove liquidity
Go to the pool you provided and remove liquidity to put the cryptos back into your wallet.
Thanks!
Additional
You will earn more fee with UNI and ETH by providing UNI/ETH pair than above the instruction as of Sep 19.
https://uniswap.info/pairs
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