How to add tokens to Uniswap Exchange as an LP
Please make sure that your liquidity is at Uniswap V2 (UNI-V2).
Step 1:
Go to https://app.uniswap.org/#/pool
👉 Click the large "Add Liquidity" button
Before proceeding, ensure that your wallet is connected. You can find detailed instructions on how to do this in the previous section, Connecting your wallet.
Step 2:
Select which token pair you want to add liquidity for， in this case it's YFETH / ETH
YFETH contract address : 0x68763e696bdee1726e5a2d100fceaa5bd6c2fb3e
Fill in the amounts you want to add to the liquidity pool.
It may ask you to "Approve" the tokens - you will have to send these "approve transactions" first.
Once you've approved the token you can hit "Supply"
And then "Confirm Supply"
🧙♂️ Note: You always need the same amount of token worth on both sides, e.g $100 in YFETH and $100 in ETH.
Then a transaction will pop-up for you to sign in your wallet (like MetaMask) - after the transaction is complete you will have successfully added liquidity.
The transaction will provide you with some "UNI-V2 LP" tokens in your wallet. These are Uniswap LP tokens and represent the share you've deposited in the pool. All pools are labeled as UNI-V2 LP but represent different pools.
You will now see your liquidity when you proceed to yfswap.finance to do yield farming.
If you 👉 click "manage", the drop-down menu will show you more details about the pool including your shares, and options to add or remove liquidity.
Congratulations, you have successfully staked your tokens as a "Liquidity Provider" in UniSwap. This means you are just one step away from earning YFETH.
🧙♂️ Note: Find out How to farm YFETH with UNI-V2 LP Tokens
Does this mean I am already farming for YFETH?
No. Once you have the UNI-V2 tokens you'll need to go to yfswap.finance to also farm them for the rewards of YFETH rewards each block.
Note: LP pools on Uniswap will be migrated to YFSWAP when the TLV reaches USD10 million (dependant on governance protocol).
As an LP its important to understand that you may be exposed to "Impermanent Loss" when providing liquidity.
