As mentioned in our announcement post, we want to get our community ready to participate in our Liquidity Mining Program. As a result, we’ve put together a comprehensive tutorial to assist you in getting started earning your rewards.
So, how do I get started?
Wallfair is committed to providing our community with all of the resources necessary to get you started with the Liquidity Mining Program and on your way to earning rewards. The procedure to get started as an LP is as follows:
- First, install Metamask; a video guide has been created to help you with this.
- Next, get WFAIR and ETH or USDT (depending on your preferred pair). These tokens are available for purchase through Uniswap; check out our guide on how to buy tokens.
- Visit Wallfair.io.
Next, Adding Liquidity to Uniswap
- Connect your wallet via MetaMask or any other available wallets (TrustWallet or WalletConnect) once you’ve arrived at the Wallfair Liquidity Mining Portal.
- You are now ready to add liquidity to Uniswap after connecting your wallet.
- Select the pool you want to add liquidity, then click the “Add Liquidity” button.
Add Liquidity Screen
- Enter a number in the text box OR click the ‘Max’ button to the right to select the amount of liquidity.
- After you’ve confirmed that, click the “Approve Button.”
Approve USDC Transaction
- Once you press “Confirm,” Metamask will pop up again asking for you to validate the transaction:
MetaMask Pop-up
NB: The metamask transaction is in DAI because it’s testnet and not mainnet.
- Now, repeat the same process above for the WFAIR token
- Finally, you will now have access to the supply button once you have approved the Liquidity Mining contract to access your USDC and WFAIR. You must provide equal amounts of liquidity to both sides of the pair (50/50), measured in USD value.
- After clicking the Supply button, you will get a confirmation pop-up on your screen.
Confirmation Pop-up
- After that, wait for the transaction to be confirmed.
- Once the confirmation has been approved, you will see a “Transaction submitted” on your screen.
Congratulations, you have now added liquidity to the Uniswap pool!
Staking your LP tokens
Once you have provided liquidity to Uniswap, you must now complete a second important step to receive your WFAIR reward — staking your “liquidity provider” (LP) tokens. To accomplish this:
- Select the “Stake” option.
Staking Liquidity Tokens
- Select the number of LP tokens you want to stake or press “Max” (recommended) to stake all. You would see a Metamask confirmation PopUp to approve the transaction.
Metamask Confirmation Popup
- If you approve the transaction, it will be added to the blockchain and returned to the overview screen.
- You are now on your way to earning fantastic rewards in the Wallfair Liquidity Mining Program.
From the overview screen, you can at any time:
- Claim rewards
- Withdraw your LP tokens
- Observe your APY/APR
- Add additional liquidity
How to remove liquidity.
- First, select the pair you provided liquidity by clicking on the USDT or ETH button on the screen to remove liquidity.
- Then click the “withdraw” button, which takes you to the Remove liquidity page.
- When you arrive at the “Remove Liquidity” page, you can either enter a custom amount or select the “max” number of LP tokens to be removed.
- Metamask will prompt you to sign and confirm a transaction after selecting the amount removed from liquidity and clicking the “Approve” button. After the transaction has been confirmed, click the “withdraw” button, and Metamask will prompt you to sign the transaction again.
- By clicking on the button “confirm,” you finally remove your LP tokens (liquidity) from the pool. Metamask will prompt you to sign the transaction.
- After the transaction is confirmed, you can use Uniswap to break up LP tokens back into their form. Simply connect your wallet to the app, select the pool option at the top of the screen, and select the withdraw percentage of the LP token pool. Important: The amount of tokens you used as a deposit may not equal the amount you receive from LP tokens; this is normal behavior, and we invite you to read more about why this is the case.
About Wallfair
Wallfair is a social event trading platform that democratizes the creative economy, enabling real-time speculation on live events using an in-game token. With a distinct focus on socially engaging, fast-paced, and immersive experiences, Wallfair takes watching live events to the next level by seamlessly enabling the audience to trade and profit from speculation markets. In essence, our ecosystem is designed to give creators more ways to monetize their content while increasing their audience and community engagement.
