# Abachi x Bunni

By [Abachi Labs](https://paragraph.com/@abachilabs) · 2023-06-28

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As outlined in the recent roadmap below:

[https://mirror.xyz/0x954d3721bf423aa8aE42BE01d34B572aB121F950/4gypFo6-opgeLKRMbIzTB5IwBzALXvTbLW3Tw8fp1Zc](https://mirror.xyz/0x954d3721bf423aa8aE42BE01d34B572aB121F950/4gypFo6-opgeLKRMbIzTB5IwBzALXvTbLW3Tw8fp1Zc)

We are moving our liquidity positions away from uniswap v2 and into uniswap v3. Along with this, we will also be moving our liquidity out of polygon and on to mainnet. This is ofcourse pending a governance vote currently live on snapshot.

One of the major problems in any protocol is to ensure there is enough liquidity and yields when markets are going through low volatility periods. When we first started Abachi, this was predicated on the rebasing mechanism we inherited from OHM. Since then, Olympus has moved away from rebasing, and we have also drastically dropped our emissions.

Enter Timeless Finance.

Using the bunni.pro service from Timeless Finance, we can now bootstrap yields directly to our v3 uniswap positions. We currently hold 1% of the velit supply and with this and bribes, we can ensure the yields on the LP are significantly higher than what we could pay using a simple rebase.

Think CRV/Convex or Balancer/Aura but for uniswap.

Here are the steps to get started:

1.  Acquire ABI and ETH and have them in your wallet.
    
2.  Go to bunni pro [pools](https://bunni.pro/pools) and search for ABI to find the ABI/ETH pool
    
3.  Click on Add Liquidity tab.
    
4.  You will need to approve ABI spending, you can use WETH or ETH for the other side of the LP (click on the icon to change). Once approved, a deposit and stake button will appear.
    
5.  Click deposit and stake. Pat yourself on the back.
    
6.  You can now track your yields in the portfolio page of the same website. The $ amount shown next to the yields is the actual amount earned, after oLIT redemptions and fees etc.
    
7.  All yield is shown as oLit, read on to understand how to sell oLit to USD to ETH to realise your yields.
    

Selling oLit yields.

1.  To sell these yields, you will need to first pay 50% of the price. The way it works is, oLit is an options token. It requires you to pay a small amount to convert it into LIT token, which can be sold at market.
    
2.  Lets take an example. Your portfolio shows you have earned 1000 oLIT. You click claim.
    
3.  You then head to the oLit page and you click on oLit amount to convert (1000 in this case). On the top it shows you the market price, and your options price. The options price will be 50% of market price.
    
4.  You pay 50% of the price and realise this oLit into LIT.
    
5.  You can now sell this LIT back into the market for 100% price.
    
6.  Keep in mind, the $value you see on the portfolio page is the correct value and accounts for this mechanism. So that is what your profit will be once you do the above steps.
    
7.  Lastly, to understand why timeless does this. They want their treasury to earn on every LIT emission. This way, even though the yields are being dumped into the market, the timeless treasury is still acquiring previous eth.
    
8.  If you understand what 7 means, then you may also want to acquire LIT and lock it into veLIT. This will allow you to boost your APYs even further, but more on that later.
    

Questions? Ask us in our discord. And if you read to here, you can go ahead and mint this free NFT that signifies Abachi x Bunni era.

[subscriber-edition://0xeD40E848ae9694FBC14c62c7eeAE6FE55333F1A4?tokenId=1&size=medium](subscriber-edition://0xeD40E848ae9694FBC14c62c7eeAE6FE55333F1A4?tokenId=1&size=medium)

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*Originally published on [Abachi Labs](https://paragraph.com/@abachilabs/abachi-x-bunni)*