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Ronald Maguire

05 May 2022 421 Read Crypto , Altcoins , Resources


Being a Liquidity Provider at Uniswap

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.

  1. After establishing a connection, click on the Pool option and select New Position.
  2. Here you have to choose a pair, you will provide liquidity by using the tokens in the trading pair you choose.
  3. When you select and approve two tokens of equal value, you will be greeted with a pop-up to confirm the transaction.
  4. 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.