How do I join OneUp liquidity Pool? This is how!

over 2 years ago

So first off there are two pools availalbe right now.

OneUp : Spt
Swap.Hive : Oneup

In order to qualify for a liquidity pool you must first have an equal 50%/50% of each resource you are going to use. So for example if you wanted to use the OneUp:Spt pool and you had 100 OneUp tokens then you would need around 872 Spt (these fluctuate depending on prices) and then once you have 50/50 you go to the folloing URL.

So basically a liquidity pool helps users gather together to create stock of certain crypots over a specified period of time at a certain interest rate. The more stock you own in the pool the greater your reward will be.

Check out the following pool I use.

https://beeswap.dcity.io/swap?add_liquidity

Beeswap is an exchange platform where you can exchange crypto but most importantly where you can stake in liquidity pools for free. So you click on Add Liquidity then on the search bar just type 'one' and it will give you one of the two pool options and then choose the pool you want to use.

You will notice on the right side you have your total balances so let's say you just have a random amount of OneUp tokens and Spt in your account and you have no idea how to figure out the 50%/50% ratio. That's ok no problem. All you have to do is just click on the Max button on either one until there are no red boxes highlighted.

For example on my screen shot you see 938 liquid OneUp and 1 spt, let's see what Max will do.

Notice how a red box appeared when I clicked on Max meaning if I were to use all 938 OneUp in the pool I would need 8184 spt to make it equal. So now we will try clicking on the other one and see what happens.

So now you can see that the red box is gone and I have enough OneUp to equal my 1 SPT. I would contribute .1244 oneup into the pool and 1 spt. Some may say this is a joke or a waste of time but half a minute here. Let me explain why this is very important at this time and why you don't want to give up or step outside of this opportunity. Let's examine the rewards and the amount of APR % we are given at this time.

So if you click on Pools above you get the following information. Let me just zoom in on the one I'm currently using.

Ok so if we look above we see that there is a total worth of $12,972 in the pool with an APR of 346% for the next 50 days. Now we can also notice on the right side the total amount of rewards that are given out daily and dispersed to the people who are part of this pool. The bigger your stake in your pool the more rewards you will earn. LVL is going to be used for the new Psyberx game that is coming out so you will get some of those and WINE is for it's own curation for those who hold it.

Now the big deal about this is the APR folks. 346%!!! If you pay attention to other pools some are at 1.15% or 17% so to have such a high amount is a blessing and a huge red flag pointing saying hey hey look over here I'm a really good deal at the moment.

Well that's how you add liquidity to the pool and if you want to take it out it's just as easy as adding it and there is no penalty, you just remove it on top. You can also choose what % you want to remove. It also tells you on the bottom what you are currently working with etc.