- Adding Liquidity to ($WFIL) on Sushiswap
Do you want to trade or provide liquidity for Wrapped Filecoin (WFIL) on Sushiswap? In this tutorial, we will show you how you can easily add liquidity to a pool on Sushiswap to earn a return on your WFIL.
Before you begin please ensure the following:
- You have a browser with Metamask installed (Chrome and Brave work well for this purpose).
Your address you’ll use on MetaMask is already funded with some ETH to pay for gas costs associated with the necessary transactions during the swap process.
You should also have an equal or more dollar amount of WFIL and USDC in your wallet balance as well
You can begin by going to https://sushiswap.fi/ which will take you directly to the main dashboard.
Alternately you can also navigate directly to the WFIL — USDC page located here: https://sushiswap.fi/pair/0xdd663f39101cf0cedaaee7bdfb060f4b9c70976b
You’ll need to click the Connect Wallet button in the upper right hand corner and then your MetaMask app will allow you to authorize which address you’d like to use.
From here you should choose Farms from the side menu which will be the section of Sushiswap where you can add liquidity.
To get started, search in the uppermost search bar for WFIL and choose the WFIL-USDC pair.
Next, you will be taken to the page dedicated to this specific pair where you will use the What would you like to do section and click the +Liquidity tab.
You will need to choose two inputs to add liquidity but in this case, the fields should be pre-populated with WFIL and USDC already.
After you make your selection of WFIL and USDC as your tokens to add liquidity with and approve them both for use you will be presented with a summary of what your transaction and liquidity addition will result in relating to your overall share of the liquidity pool and expected rewards from fees.
Finally, you will click the Confirm Supply button and your liquidity of WFIL and USDC will be added to the pool. All you have to do now is sit back and await your rewards to come in.
Of course, you can withdraw your tokens at any time minus any relevant fees by clicking Manage from the mail WFIL — USDC page and choose the — Liquidity option which will allow you to withdraw your tokens minus fees.
Congratulations! You are now a WFIL liquidity provider on Sushiswap!
WFIL is made possible in partnership with Wrapped.com, Tokensoft, and Anchorage. Learn more about the project here: https://www.wrapped.com
- Date of publication:
- Sun, 11/22/2020 - 10:03
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