Uniswap is a DEX that allows financial transactions with Ethereum-based tokens. In order to earn income as a liquidity provider in Uniswap, it is first necessary to connect with the Web3 wallet.
- After establishing a connection, click on the Pool option and select New Position.
- Here you have to choose a pair, you will provide liquidity by using the tokens in the trading pair you choose.
- When you select and approve two tokens of equal value, you will be greeted with a pop-up to confirm the transaction.
- After confirming the transaction, you can become a liquidity provider in Uniswap by clicking Preview and then Add.
You will now earn a certain share of the transactions of those who trade between the two tokens.