Providing SLICE Liquidity on Uniswap
A guide on how to supply SLICE on Uniswap to mint Liquidity Provider (LP) tokens that reward suppliers with trading transaction fees.
Please refer to the Uniswap docs for more detailed information on what Liquidty Provider (LP) tokens are.
Uniswap is a decentralized exchange and automated liquidity protocol that allows the peer-to-peer exchange of tokens and liquidity provision to the trading pools. Tranche Finance currently has two active pools SLICE-ETH- and SLICE-DAI that you can start providing liquidity to and earning rewards from.
After supplying to SLICE Uniswap pools, you will get LP tokens representing your share in the pool. In addition to collecting the rewards that are are generated directly to your LP tokens, you can stake those tokens on the Tranche App(under audit).
How-To Provide Liquidity
To provide liquidity, you need to have equal values of SLICE and ETH or DAI. For example, if you have 100 SLICE and SLICE is at $2, you should have 200 DAI to provide liquidity for the SLICE/DAI pair.
1- Buy some SLICE — If you already have SLICE, you can skip this step.
2- Go to the pool section on Uniswap.
3- Press on “Add Liquidity”, and then “Approve SLICE”, and sign the wallet transaction
4- Once the Supply button is active, you can enter the amount you’re willing to supply, and then confirm the transaction.
5- Confirm your position in the SLICE pool by either:
- Checking on the Uniswap interface:
This transaction amounted to receiving 0.79% of the pool share. This means this address will receive 0.79% of the fees generated by the trading pool.
- Find your wallet address on Etherscan, check your tokens, and you will find the SLICE-LP tokens
6- Now, you can earn more rewards for staking your LP tokens on the Tranche app (Launching soon!)