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Uniswap V2 USDC/MOXIE LP with Merkl Rewards

itslemon.eth

Uniswap V2 USDC/MOXIE LP with Merkl Rewards

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

Let's Begin

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.

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Choose Liquidity Pair and Supply to LP

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.

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View Your V2 Pools

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.

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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.

Viewing Your Merkl Rewards

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.

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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.

itslemon.ethFarcaster
itslemon.eth
Commented 10 months ago
MaretusFarcaster
Maretus
Commented 10 months ago

Apr still very respectable tbh!

Emily 🎩🃏🍖Farcaster
Emily 🎩🃏🍖
Commented 10 months ago

🫡🫡🫡

WilbertFarcaster
Wilbert
Commented 10 months ago

Bookmarked!!

itslemon.ethFarcaster
itslemon.eth
Commented 11 months ago
MaretusFarcaster
Maretus
Commented 11 months ago

Mine should be increasing by 20 points.

NutellaCrepe 🎩🍖Farcaster
NutellaCrepe 🎩🍖
Commented 11 months ago

dang, i've been wanting to do it but people are scaring me with IL IL stuff, i still don't understand 😭

MaretusFarcaster
Maretus
Commented 11 months ago

It’s paying 1% apr per day. There is some IL but so far fees have been worth more than what’s lost.

NutellaCrepe 🎩🍖Farcaster
NutellaCrepe 🎩🍖
Commented 11 months ago

thank you, lemon! 50 $degen

NikoFarcaster
Niko
Commented 11 months ago

nice guides, are you LP'ing in both?

itslemon.ethFarcaster
itslemon.eth
Commented 11 months ago

Nah, just uni at the moment

NikoFarcaster
Niko
Commented 11 months ago

why not both?

Smash Thunder Stone 🎩Farcaster
Smash Thunder Stone 🎩
Commented 11 months ago

Does staking give a boost separate from owning FT?

GambinoFarcaster
Gambino
Commented 11 months ago

🚀🚀🚀

Zoro☠️⚡⚡⚡⚡Farcaster
Zoro☠️⚡⚡⚡⚡
Commented 11 months ago

Recasting these for anyone looking to benefit from tomorrow’s boost. Don’t miss out!

itslemon.ethFarcaster
itslemon.eth
Commented 11 months ago

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

MaretusFarcaster
Maretus
Commented 11 months ago

Both very well done!

Caira.degen.eth🎩🎭ツFarcaster
Caira.degen.eth🎩🎭ツ
Commented 11 months ago

Did you participate there too sir lemon?

itslemon.ethFarcaster
itslemon.eth
Commented 11 months ago

I do, on uni

itslemon.ethFarcaster
itslemon.eth
Commented 11 months ago

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

Globs🔵🥛Farcaster
Globs🔵🥛
Commented 11 months ago

thank you

Vlady🎩Farcaster
Vlady🎩
Commented 11 months ago

Thanks for info lemon

Archilles ༄ 🎩Farcaster
Archilles ༄ 🎩
Commented 11 months ago

Thanks for sharing lemon

RafaelloFarcaster
Rafaello
Commented 11 months ago

Thanks for sharing

Emily 🎩🃏🍖Farcaster
Emily 🎩🃏🍖
Commented 11 months ago

Thank you

itslemon.ethFarcaster
itslemon.eth
Commented 11 months ago

Thank you! 2000 $lemon

Emily 🎩🃏🍖Farcaster
Emily 🎩🃏🍖
Commented 11 months ago

Thanks thanks 2200 $mfer

AalamsyFarcaster
Aalamsy
Commented 11 months ago

Still need to learn about this.. are we have a chance to lost our funds?

general_₿ase.ethFarcaster
general_₿ase.eth
Commented 11 months ago

I needed it. Thank you.

itslemon.ethFarcaster
itslemon.eth
Commented 1 year ago

For those who haven't entered this, I wrote a guide here on how to take advantage. https://paragraph.xyz/@itslemon.eth/lemonuniusdcmoxiemerklguide

Uniswap V2 USDC/MOXIE LP with Merkl Rewards