Adding SPA/USDs Liquidity on Uniswap

  • Yield Farming: the act of managing passive strategies to earn well-defined interest in cryptocurrency positions to maximize returns.
  • Liquidity Provider: an individual who provides/offers their crypto assets to a platform or protocol in return for fees and token rewards.
  • Impermanent Loss: the event in which the price of the assets within a liquidity pool changes from the initial provision price; effecting the pair ratio.
  • Sperax USD (USDs): an L2-native, hybrid stablecoin which generates auto-yield natively through protocol implemented strategies.
  • Sperax (SPA): Sperax Protocol’s governance token

Step 1: Top-up your wallet with SPA and USDs

  1. Import both tokens (SPA and USDs) to your Arbitrum wallet
  2. If you’re using Metamask, go ahead and open your wallet by tapping on the Metamask icon in your browser plugin.
  3. Tap on ‘Import tokens
  4. Copy & Paste the following token contracts individually in the ‘Token Contract Address’ field:
  • SPA: 0x5575552988a3a80504bbaeb1311674fcfd40ad4b
  • USDs: 0xd74f5255d557944cf7dd0e45ff521520002d5748

Step 2: Head over to Uniswap 🦄

Step: 3 Connect to Arbitrum.

Step 4: Select SPA as the secondary asset

  • SPA Token Contract: 0x5575552988a3a80504bbaeb1311674fcfd40ad4b

Step 5: Swap for SPA

Step 6: Swap for USDs

Step 7: Approve SPA & USDs contracts

Step 8: Add liquidity

Step 9: Stake your SPA/USDs LP Token

  1. Lockup your SPA/USDs LP tokens and earn 1,081.22% (variable);
  2. Don’t lockup your SPA/USDs LP tokens and earn 460.57% (variable).

Step 10: Happy Farming!! 🚜

  1. Returning to the ‘Farms’ tab
  2. Scrolling to the SPA/USDs farm option and tapping on the down arrow
  3. Scroll until you see the ‘My Farms’ section

Need to Know

Claiming your SPA

  1. Going to the ‘Farm’ tab
  2. Scroll down to the ‘My Farms’ section and tap/click on the down-arrow to open the ‘My Stakes’ view
  3. Tap/Click on ‘Claim’ and pay the corresponding gas fee
  4. Hold or Stake your SPA
  5. Rinse & Repeat!

Initiating Cooldown

  1. Going to the ‘Farm’ tab
  2. Scroll down to the ‘My Farms’ section and tap/click on the down-arrow to open the ‘My Stakes’ view
  3. Tap/Click on ‘Initiate Cooldown’ and pay the corresponding gas fee

About Sperax

Let me know what you think 💭

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store