✨ Welcome Crypto Explorers ✨
In this tutorial, we will be learning how to be a liquidity provider (LP) on Uniswap (Optimism Network).
We'll be covering how to add Optimism to your wallet, deposit funds onto the Optimism network, and how to provide liquidity on Uniswap.
Let's get started!
Uniswap is an Ethereum-based decentralized exchange (DEX) that allows anyone to swap ERC20 tokens without order books.
The Uniswap protocol provides incentives for people to become liquidity providers (LP): users who pool their money together to create a liquidity pool / fund that is used to execute all trades that occur on the platform. A buyer or seller in this system doesn't have to wait for another party to appear to complete a trade, and the trade can be executed instantly at a known price if there is enough liquidity in the particular pool to facilitate it.
Optimism is a Layer 2 scaling solution built on top of Ethereum to reduce transaction costs.
It allows Uniswap to make transactions nearly instant and gas fees extremely cheap.
Note: There is a seven-day withdrawal period when bridging tokens from Optimism back to Ethereum L1, meaning that funds will be completely inaccessible during this period.
If you want to learn more about the details of the Uniswap Optimism alpha launch and Optimism:
In this tutorial, we'll be walkthrough how to become liquidity providers (LP) on Uniswap on the Optimism network.
Login to MetaMask on your browser
Click on ‘Ethereum Mainnet’.
From the dropdown, select ‘Custom RPC’.
Enter the following information into the available fields:
Network Name: Optimism
New RPC URL: https://mainnet.optimism.io
ChainID: 10
Symbol: ETH
Block Explorer URL: https://optimistic.etherscan.io
Click ‘Save’.
Go to https://gateway.optimism.io/ and connect your MetaMask wallet.
Make sure you are currently connected to the Ethereum Mainnet by selecting it from the network dropdown list in MetaMask (the same list where you found ‘Custom RPC’ earlier).
Once connected, select the token you would like to transfer to Optimism and the token you would like to receive on Optimism from the dropdown menus. Then, enter the amount you would like to transfer.
1. Go to Uniswap.org and click on Launch App in the top right
2. Make sure your Metamask is currently connected to the Optimism network.
Select the Optimism network from the network dropdown list in Metamask.
3. Navigate to the [Uniswap Pool(https://app.uniswap.org/#/pool) option at the top.
4. Click on '+ New Position' to add liquidity to a liquidity pool.
5. Navigate to Select Pair
Select which pair of ERC-20 tokens to provide as liquidity.
6. Review Fee Tier
Select a fee tier.
Recommended: The app will auto-select the fee tier with the most liquidity. In most cases, LPs will align around one fee tier for a pair.
7. Set Price Range
Choose a price range in which to provide liquidity.
You can choose your price range at which you think prices will move over the course of your position's lifetime.
OR you can choose to provide liquidity across the Full Range like in Uniswap v2 by clicking the Full Range button. But your rate of return will be lower than if you set a more narrow price range.
8. Deposit Amounts
Enter a value in one of the 'Deposit Amounts' boxes and the other box will automatically update with the corresponding amount.
The ratio is based on the position of your price range around the market price.
You can also adjust your ratio by sliding the price range left-right along the chart or dragging the min or max price boundary.
9. Approve and Add
Approve the Uniswap transaction.
Click preview, review the transaction details, and then click Add to trigger the transaction in your wallet.
Congratulations! Once the transaction has submitted, your assets are now successfully providing liquidity to Uniswap traders.
Keep On Questing and Leveling Up Your Skills! 🧙♂️ Tutorial created by: @TheAlexYao
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The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
✨ Welcome Crypto Explorers ✨
In this tutorial, we will be learning how to be a liquidity provider (LP) on Uniswap (Optimism Network).
We'll be covering how to add Optimism to your wallet, deposit funds onto the Optimism network, and how to provide liquidity on Uniswap.
Let's get started!
Uniswap is an Ethereum-based decentralized exchange (DEX) that allows anyone to swap ERC20 tokens without order books.
The Uniswap protocol provides incentives for people to become liquidity providers (LP): users who pool their money together to create a liquidity pool / fund that is used to execute all trades that occur on the platform. A buyer or seller in this system doesn't have to wait for another party to appear to complete a trade, and the trade can be executed instantly at a known price if there is enough liquidity in the particular pool to facilitate it.
Optimism is a Layer 2 scaling solution built on top of Ethereum to reduce transaction costs.
It allows Uniswap to make transactions nearly instant and gas fees extremely cheap.
Note: There is a seven-day withdrawal period when bridging tokens from Optimism back to Ethereum L1, meaning that funds will be completely inaccessible during this period.
If you want to learn more about the details of the Uniswap Optimism alpha launch and Optimism:
In this tutorial, we'll be walkthrough how to become liquidity providers (LP) on Uniswap on the Optimism network.
Login to MetaMask on your browser
Click on ‘Ethereum Mainnet’.
From the dropdown, select ‘Custom RPC’.
Enter the following information into the available fields:
Network Name: Optimism
New RPC URL: https://mainnet.optimism.io
ChainID: 10
Symbol: ETH
Block Explorer URL: https://optimistic.etherscan.io
Click ‘Save’.
Go to https://gateway.optimism.io/ and connect your MetaMask wallet.
Make sure you are currently connected to the Ethereum Mainnet by selecting it from the network dropdown list in MetaMask (the same list where you found ‘Custom RPC’ earlier).
Once connected, select the token you would like to transfer to Optimism and the token you would like to receive on Optimism from the dropdown menus. Then, enter the amount you would like to transfer.
1. Go to Uniswap.org and click on Launch App in the top right
2. Make sure your Metamask is currently connected to the Optimism network.
Select the Optimism network from the network dropdown list in Metamask.
3. Navigate to the [Uniswap Pool(https://app.uniswap.org/#/pool) option at the top.
4. Click on '+ New Position' to add liquidity to a liquidity pool.
5. Navigate to Select Pair
Select which pair of ERC-20 tokens to provide as liquidity.
6. Review Fee Tier
Select a fee tier.
Recommended: The app will auto-select the fee tier with the most liquidity. In most cases, LPs will align around one fee tier for a pair.
7. Set Price Range
Choose a price range in which to provide liquidity.
You can choose your price range at which you think prices will move over the course of your position's lifetime.
OR you can choose to provide liquidity across the Full Range like in Uniswap v2 by clicking the Full Range button. But your rate of return will be lower than if you set a more narrow price range.
8. Deposit Amounts
Enter a value in one of the 'Deposit Amounts' boxes and the other box will automatically update with the corresponding amount.
The ratio is based on the position of your price range around the market price.
You can also adjust your ratio by sliding the price range left-right along the chart or dragging the min or max price boundary.
9. Approve and Add
Approve the Uniswap transaction.
Click preview, review the transaction details, and then click Add to trigger the transaction in your wallet.
Congratulations! Once the transaction has submitted, your assets are now successfully providing liquidity to Uniswap traders.
Keep On Questing and Leveling Up Your Skills! 🧙♂️ Tutorial created by: @TheAlexYao
BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
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