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As of today (August 21 2024) the Aerodrome LP for ETH/MOXIE is giving an APY% of roughly 338%. This guide will give you a step-by-step process for adding liquidity to the pool and staking that liquidity to earn AERO. Keep in mind that this is not financial advice and you should read up on impermenant loss before entering any liquidity pool.
Here's a good place to start in reagards to impermenant loss from Uniswap: https://support.uniswap.org/hc/en-us/articles/20904453751693-What-is-Impermanent-Loss
First, let's head to the Aerodrome website: https://aerodrome.finance/
I will be walking through as if you're viewing on mobile. You'll need to connect your wallet before you can start to take any action. Once connected click the hamburger at the top right.
After selecting the hamburger button, select Liquidity to get taken to the next page.
After selecting Liquidity, you will be taken to a new page with multiple LPs you can enter. You will need to search for Moxie in the search box and then select the vAMM-WETH/MOXIE pool.
Once you land on the pool page, you will be able to enter the amount you want to put into the pool. You will need an equal dollar amount of both ETH and Moxie in order to enter this pool. You can deposit as little or much as you feel.
After you choose the amount you want to deposit. You will need to approve the amounts to be withdrawn from your wallet. Once complete, you will be able to select deposit and add your deposit to the pool. Next you'll stake the deposit to earn AERO.
You will be given the option to stake on the above page or you can go back to the hamburger and then to your dashboard. On the dashboard you will see the amount deposited and an option to stake. Select Stake to take you to the staking page.
After you are on the staking page you will be given the option to stake up to 100% of your LP position. You will need to give Aerodrom permission to access your position and then you will be given the option to stake it. To do so, select Stake.
Once you have staked, you will start to earn rewards that are claimable in AERO. On the dashboard, you can see your positions and your liquidity rewards. Under the rewards section you will be able to claim your AERO by selecting the claim button.
Keep in mind you can add to your position and stake that at anytime. You can also unstake and remove your position at any time. Unstaking will stop the AERO rewards.
None of this is financial advice and you should always do your own research before taking any action. This guide is meant to be informative and may not be 100% accurate depending on the time of reading.
Recasting these for anyone who is interested in the LPs. https://paragraph.xyz/@itslemon.eth/lemonuniusdcmoxiemerklguide https://paragraph.xyz/@itslemon.eth/lemonsaeroethmoxielpguide
Apr still very respectable tbh!
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Bookmarked!!
Recasting these for those who want to take advantage of the boost tomorrow. https://paragraph.xyz/@itslemon.eth/lemonsaeroethmoxielpguide https://paragraph.xyz/@itslemon.eth/lemonuniusdcmoxiemerklguide
Mine should be increasing by 20 points.
dang, i've been wanting to do it but people are scaring me with IL IL stuff, i still don't understand π
Itβs paying 1% apr per day. There is some IL but so far fees have been worth more than whatβs lost.
nice guides, are you LP'ing in both?
Nah, just uni at the moment
why not both?
thank you, lemon! 50 $degen
Does staking give a boost separate from owning FT?
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Recasting these for anyone looking to benefit from tomorrowβs boost. Donβt miss out!
With more news coming out about LPs tomorrow, I'm reposting my guides for both the Uniswap and Aerodrome Moxie LPs. https://paragraph.xyz/@itslemon.eth/lemonuniusdcmoxiemerklguide https://paragraph.xyz/@itslemon.eth/lemonsaeroethmoxielpguide
Both very well done!
Did you participate there too sir lemon?
I do, on uni
Read a really good article a while back but reread it recently. Covering lp moxie stuff , article by @itslemon.eth https://paragraph.xyz/@itslemon.eth/lemonsaeroethmoxielpguide
good to know 500 $degen
thx for sharing fam! 20 $degen
I would need to read this too π Thanks for sharing Hogan! π x 30 $degen
1/6 π§ Community Spotlight: Providing Liquidity for Moxie π§ The Moxie community has been sharing valuable insights on liquidity providing (LP) for Moxie, and weβre highlighting their contributions! If youβre curious about how others are earning rewards while supporting the Moxie ecosystem, here are some of their thoughts and guidesπ (note: not financial advice; providing liquidity comes at risk of impairment)
2/6 1οΈβ£ @svvvg3.eth 's Guide: Check out this frame guiding you step-by-step on providing liquidity on Uniswap! Itβs a must-read for anyone looking to maximize their rewards through becoming an LP https://warpcast.com/svvvg3.eth/0x0d561217
3/6 2οΈβ£ @itslemon 's Article: A detailed @Paragraph article breakdown of providing LP on Aerodrome and the Merkle rewards for Moxie, perfect for beginners. https://paragraph.xyz/@itslemon.eth Article**: A detailed @Paragraph article breakdown of providing LP on Aerodrome and the Merkle rewards for Moxie, perfect for beginners. https://paragraph.xyz/@itslemon.eth/lemonsaeroethmoxielpguide
4/6 3οΈβ£ @degenchad 's Strategy: Degenchad shares his personal LP strategy, currently earning through both Uniswap and Aerodrome LP pools https://warpcast.com/degen-chad/0xae9b5683fe0b753d8970495b87e56ad710f0a926
Thank you so much for sharing, Jason! So happy to hear the frame has been helping β
Hell yea, thanks for the shout out Jason. The Merkl rewards have been a steady stream of moxie to continue putting into FTs! Over 200K moxie in like 2 weeks.
https://warpcast.com/nikdmello.eth/0xb19fcdac https://warpcast.com/nikdmello.eth/0xc15ed11e https://warpcast.com/nikdmello.eth/0xb871a349 https://warpcast.com/nikdmello.eth/0xf29d6239
Jason, don't leave me out pls π
This is crazy. Can I also get Far Boost for the USDC part?
The more options for beneficial use of moxie the better. Steaking, pools, loans, defi, all options. Incentive to hold, incentive yes to buy. Don't just buy, sell 10% more expensive, participate in the whole system. Waiting for the lp influence on farscore, as I realise this is important, without farscore few people communicate and consider equal, and this is also a minus. I would suggest adding an incentive for popular accounts to socialise with commoners as well, rather than farming on the sidelines with each other.
This is a π Thanks for taking the time to put this out. Will be following the steps
I became part of the lp through @maretus learnt it so easily.
Reposting these for anyone who has questions about how to take advantage of the Moxie LPs. https://paragraph.xyz/@itslemon.eth/lemonsaeroethmoxielpguide https://paragraph.xyz/@itslemon.eth/lemonuniusdcmoxiemerklguide
Thanks for sharing
thank you
Thanks for info lemon
Thanks for sharing lemon
Thank you
Thank you! 2000 $lemon
Thanks thanks 2200 $mfer
I needed it. Thank you.
Still need to learn about this.. are we have a chance to lost our funds?
Yesterday, I wrote a guide on how to take advantage of the insane rewards on Aerodrome with Moxie. Check it out below. https://paragraph.xyz/@itslemon.eth/lemonsaeroethmoxielpguide
I wrote up a small guide on the Aerodrome Moxie LP. https://paragraph.xyz/@itslemon.eth/lemonsaeroethmoxielpguide
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