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DPI / ETH Pool on Quickswap Now Earning $QUICK Rewards!
DPI / ETH Pool on Quickswap Now Earning $QUICK Rewards!
DPI / ETH Pool on Quickswap Now Earning $QUICK Rewards!
10/20/2021
Index Coop
Content
The DeFi Pulse Index just gained a new productive use case on Polygon. Users can earn $QUICK rewards on Quickswap by providing liquidity to the DPI/ETH pair by following the tutorial below.
Liquidity Mining Program Details:
Venue: Quickswap (Polygon Network) Pair: DPI — ETH Pool ID: 0x9f77ef7175032867d26e75d2fa267a6299e3fb57 Rewards: 2 $QUICK tokens/day
Disclaimers / Things to think about:
Impermanent Loss Risk
No Reliable APY, Potentially Highly Competitive
High Gas Costs to Bridge
Now on to the tutorial!
Step 1: Acquire DPI & ETH on the Polygon Network
The two easiest ways to acquire DPI and ETH are swapping and bridging.
To Swap: On polygon, Go to
or
(make sure to toggle to Polygon!) to exchange for DPI and ETH.
: Check out
.
Step 2: Provide Liquidity to DPI/ETH on Quickswap
Once you’ve sourced DPI and ETH on the Polygon network, make your way over to the Quickswap pool. Use this tutorial to take an LP position.
Step 3: Stake LP Tokens to Earn Rewards
After providing liquidity, you can stake your tokens on the Quickswap interface in order to begin receiving $QUICK rewards.
That’s it, now sit back and earn!
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FAQs
Streaming fees (an annual fee paid continuously block-by-block)
Mint and redeem fees
Borrow costs (interest paid to borrow funds from onchain markets when using leverage)
Index Coop yield tokens simplify earning yield in DeFi by automating complex strategies and diversifying across protocols. They are user-friendly and cost-efficient, appealing to both new and seasoned DeFi users.
Leverage tokens automate a leveraged position by utilizing onchain money markets like Aave or Morpho to borrow funds, amplifying a user's exposure to an asset without requiring manual management. The token's smart contracts autonomously handle the borrowing, lending, and rebalancing of assets, maintaining a consistent leverage ratio despite market fluctuations. This automation eliminates the complexities of collateral management and liquidation risks, while also charging low, transparent fees that avoid expensive funding rates often charged by perps.
Index Coop is a decentralized autonomous organization (DAO) that specializes in creating and maintaining onchain structured products. Index Coop aims to democratize access to the crypto market, empowering everyone to participate in the growing digital asset ecosystem with ease.
No, yield automatically compounds and accrues to the token price. The value of the tokens you hold in your wallet will simply go up over time without the need to claim or compound rewards.
Index Coop products protect you from liquidation with automated risk management that rebalances assets to maintain a target leverage ratio that avoids liquidation.
INDEX is the ERC-20 governance token on Ethereum for Index Coop. INDEX empowers its holders to participate in decision-making processes that shape the future of Index Coop.
Yes, all Index Coop products are instantly redeemable for their underlying value at all times.
Yes, all Index Coop smart contracts have been audited by leading independent security firms such as OpenZeppelin, ABDK, Isosiro, & more. There is also an active bug bounty program through ImmuneFi. Audit information is published in the docs here.
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