Uniswap v3 DPI-ETH Liquidity Mining Program Launching Soon!

Abel Tedros

Aug 20 | 4 min read

Liquidity Mining Program Details:

Index Coop launches liquidity mining for our DPI-ETH LPs.

Venue: Uniswap V3 Pair: DPI — ETH Fee Tier (must use this fee tier): 0.3% Pool ID: 0x9359c87B38DD25192c5f2b07b351ac91C90E6ca7 Duration: August 20th, 2pm PST — September 4th, 2pm PST Rewards: 2,000 $INDEX tokens

Four Key Considerations for Liquidity Mining

1. Uniswap V3 Staker Contract

This will be one of the first major pools incentivized using Uniswap’s V3 Staker Contract. Even though the contracts have passed security reviews, the contracts have not been battle-tested the same way Uniswap V2 LM contracts have. Exercise caution when using these contracts.

2. Impermanent Loss Risk

The risk of impermanent loss can be much, much higher on Uniswap V3 than is typical on Uniswap V2. Only LP in Uniswap V3 pools if you know what you’re doing.

3. No Reliable APY, Potentially Highly Competitive

Similar to Uniswap V3 trading fees, LM rewards are concentrated on depositors that facilitate the most trade volume in the incentivized pool. We can not provide a reliable APY for V3 Stakers because the size & band of each Staker can vary greatly.

4. High Gas Costs

Each Uniswap V3 LP Position must be individually staked in the V3 Staker Contract. The Uniswap V3 Liquidity Provision & Staking process may incur high gas costs.

Now on to the tutorial!

How to stake your DPI-ETH Uniswap v3 LP position NFT

The following steps assume 1) that you know what they liquidity programs that 2) you’re comfortable with using a web3 wallet 3) have provided liquidity to a Uniswap v3 pair before. If you haven’t, please check out the official Uniswap guide on how to provide liquidity to a Uniswap v3 pair. Please remember to always do your own research

Screenshot title "what is liquidity mining ?" with several paragraphs of explainer text

Let’s dive in!

Next we assume that you’ve already got an NFT that represents your DPI-ETH Uniswap v3 LP position. If so, you can move onto the next step which is heading over to the Liquidity Mining Programs section of the Index Coop website, linked here. Once you land on the Liquidity Mining Programs section of the site, go ahead and connect your wallet, here’s a screenshot highlighting where to find the “Unlock Wallet” button.

Screenshot of the Index Coop Liquidity Mining Programs website page use to illustrate the button to click to "Connect Wallet"

Once you’ve clicked the “Unlock Wallet” button you’ll be prompted to connect a web3 wallet of your choice. Make sure the wallet you’re connecting has your DPI-ETH Uniswap v3 LP position NFT.

Screenshot of the Index Coop Liquidity Mining Programs website page use to illustrate selection of the wallet containing the required NFT

Now that you’re connected, head over to the “Uniswap v3 DPI-ETH Liquidity Program” Section and click the “Stake & Unstake LP Tokens” button.

Screenshot of the Index Coop Liquidity Mining Programs website page use to illustrate the button to click to "Stake & Unstake Tokens"

If you have your DPI-ETH Uniswap v3 LP position NFT in your wallet then you should be able to see this after clicking the “Stake & Unstake LP Tokens” button as the screenshot below shows ⬇️

Screenshot of the Index Coop Liquidity Mining Programs website page use to illustrate the unstaked tokens available in connected wallet for Uniswap V3 Staking

Go ahead and select this NFT and click the “Deposit & Stake” button as the screenshot below suggests ⬇️

Screenshot of the Index Coop Liquidity Mining Programs website page use to selection of tokens to deposit and stake

Et Voila! Your NFT is now staked!

To see your staked NFT, click the “Stake & Unstake LP Tokens” button again.

And you should see this your staked NFT! ⬇️

Claiming your rewards

When you’re ready to claim your rewards simply head to the Liquidity Mining Programs section of the Index Coop website and click the “Stake & Unstake LP Tokens” button.

If you’ve waited some time you should see some rewards 🤑

You’ll also see an “Unstake” button, if you’re ready to claim, click “Unstake”.

You should notice your “Pending Rewards” for that NFT have been moved to “Accrued Rewards”. You will now be able to claim your rewards by clicking the “Claim Accrued Rewards” button.

Et Voila! Your rewards are claimed and in your wallet! 🥳

That’s a wrap folks! We are excited to make this announcement and we hope that this tutorial was helpful!

Now go forth and STAKE!

What is the Index Coop?

The Index Coop is a decentralized autonomous organization (DAO) that creates decentralized financial products that unlock prosperity for everyone. We build simple yet powerful index products to provide access to a variety of crypto investment themes and make it simple, safe and affordable to invest in decentralized finance.

How to buy Index Coop products with fiat currencies:

First, you’ll need to create an Ethereum wallet like Argent, Metamask, Gemini, or Rainbow.

Next, you’ll set up your new wallet and connect your bank account

Once you’ve deposited fiat currency in your wallet you can exchange it for Index Coop products like DeFi Pulse Index (DPI) or the Metaverse Index (MVI).

Disclaimer: This content is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice.

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Information is for educational and illustrative purposes only. The Index Cooperative is not engaged in the business of the offer, sale or trading of securities and does not provide legal, tax, or investment advice. Cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent.No Index Cooperative communication is intended to imply that any digital assets are low-risk or risk-free. The Index Cooperative works hard to provide accurate information on this website, but cannot guarantee all content is correct, complete, or updated.

Uniswap v3 DPI-ETH Liquidity Mining Program Launching Soon!

Abel Tedros

Liquidity Mining Program Details:

Index Coop launches liquidity mining for our DPI-ETH LPs.

Four Key Considerations for Liquidity Mining

1. Uniswap V3 Staker Contract

2. Impermanent Loss Risk

3. No Reliable APY, Potentially Highly Competitive

4. High Gas Costs

How to stake your DPI-ETH Uniswap v3 LP position NFT

Let’s dive in!

Claiming your rewards

What is the Index Coop?

How to buy Index Coop products with fiat currencies:

Sign up for our newsletter

Product

Resources

Connect with us

Uniswap v3 DPI-ETH Liquidity Mining Program Launching Soon!

Abel Tedros

Liquidity Mining Program Details:

Index Coop launches liquidity mining for our DPI-ETH LPs.

Four Key Considerations for Liquidity Mining

.css-722v25{font-weight:var(--chakra-fontWeights-bold);}1. Uniswap V3 Staker Contract

2. Impermanent Loss Risk

3. No Reliable APY, Potentially Highly Competitive

4. High Gas Costs

How to stake your DPI-ETH Uniswap v3 LP position NFT

Let’s dive in!

Claiming your rewards

What is the Index Coop?

How to buy Index Coop products with fiat currencies:

Sign up for our newsletter

Product

Resources

Connect with us

1. Uniswap V3 Staker Contract