Moxie <> USDC Uniswap LP Rewards are now live via Merkl! The first rewards pool is 48,500,000 MOXIE over 60 days = 795,500 MOXIE Per Day. You can view more information here: https://merkl.angle.money/base/pool/1/0x493AD7E1c509dE7c89e1963fe9005EaD49FdD19c
Below, we will walk through the process of adding to the LP and becoming eligible for these rewards. 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 Uniswap V2 Pools Website: https://app.uniswap.org/pools/v2
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 select Add V2 liquidity.
After selecting Add V2 liquidity, you will need to select the two coins to be paired. In order to earn the Merkl rewards, you need to pool an equal dollar amount of USDC and Moxie on Base. You can provide as little or as much as you choose. Once you select the two tokens and the amount, you will select Supply. After that, you will need to confirm the supply.
Once complete, you can view the pools you are in on the Uniswap Pools page. Uniswap usually defaults to V3, so you need to change it back to V2 to view the pool. Sometimes, the pool you entered doesn't show up and you need to import the pool. If that's the case, select import and add the USDC/MOXIE pool.
Keep in mind you can add to your position and stake that at anytime. You can also unstake and remove your position at anytime. Removing liquidity from the pool might reduce your rewards or stop them entirely.
Go to the Merkl website and connect your wallet here: https://merkl.angle.money/user
Down the page you can view your active positions. You will need to make sure you select the chain to view it. Once rewards process you will also be able to view and claim on this page.
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
thank you, lemon! 50 $degen
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.
is this a good time to do LP? i've never done it before. generally, is it more favorable to do LP when the value of moxie/eth is a little higher? or lower? does my question make sense... when does IL happen?
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nice guides, are you LP'ing in both?
Nah, just uni at the moment
why not both?
Does staking give a boost separate from owning FT?
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
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
Thanks for sharing lemon
Thanks for info lemon
thank you
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?
For those who haven't entered this, I wrote a guide here on how to take advantage. https://paragraph.xyz/@itslemon.eth/lemonuniusdcmoxiemerklguide
I wrote up a quick guide on how to participate in the below. https://paragraph.xyz/@itslemon.eth/lemonuniusdcmoxiemerklguide
510 farther
Good write up @itslemon.eth 444 $farther
I wrote up a quick guide on the Merkle rewards with Uniswap USDC/MOXIE LP. https://paragraph.xyz/@itslemon.eth/lemonuniusdcmoxiemerklguide
This pool is insanely lucrative rn. Glad to see I'm not the only one taking advantage!
Great frame and info. Thanks for making it.
455 $farther
Unlock the new Moxie & USDC Uniswap LP rewards through Merkl, offering 48.5 million MOXIE over 60 days. This blog post outlines how to add liquidity, track your earnings, and understand impermanent loss. Stay informed while making critical financial choices. Check out insights from @itslemon.eth.