Adding Liquidity to DEC-ETH pair on UNISWAP is easy!
Hello, folks!
I've been out from the loop for a few months, and got busy managing portfolios during this DeFi movements. I can't express how happy I am hearing this Update from Splinterlands!
Finally, breaking the first step to wider Crypto community, DEC now available on Ethereum Blockchain and allowing users to participate in 'yield farming'!
I know, most of you might be in crypto only for socials and playing games, but believe it's not that hard to participate in this DeFi era!
And, of course! It'll be very REWARDING!
If you want to see a 40% gains per months, you better force that DEC work for you in Liquidity mining!
What you need to do?
Splinterlands already done a blog post about this here:
https://peakd.com/splinterlands/@splinterlands/dec-is-on-uniswap
It's nice and easy to follow through.
You should take the advantage of current low gas fee. It was about 43 gwei for me, which is pretty cheap compared to a few weeks before this.
If you want my tip, you should consider to do your transaction early in the morning, at that time the gas price tends to be quite lower.
The current Total Liquidity is around $63K ($126K for both side including ETH), remember $50K of it was provided by Splinterlands and will not be included in rewards calculation.
So, even if you only got around $100, it really worth to participate!
So, what do you waiting for? Get that DEC to work for you!
Farm it!!! 😃 🍻
For those who don’t know what this is all about: Splinterlands is a collectible card crypto game on the Hive blockchain. To (confirm) actions in the game, transactions are used in the blockchain, and each card is a unique token (which you can sell, trade, burn, or rent). In addition, the cards have a fairly wide variety of parameters; daily in the market players sell cards in total about several thousand dollars!
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STOPDo not miss the last post from @hivebuzz:
I am still uncertain what could potentially happen there. Could I loose my DEC or ETH?
Well, before jumping into Liquidity mining, you need to understand how AMM like Uniswap works. You also need to learn about Impermanent Loss.
I believe there's already a lot of YT videos out there covering this.
This is all pretty fascinating stuff. I have now provided to the pool and see where this is going. I am quite optimistic with all Splinterlands related. ;-)