Aerodrome ETH/MOXIE LP Instructions

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 You will need to approve the amounts to be withdrawn from your wallet.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.