How To Participate Joint Liquidity Mining Pool of YIN/WETH on Polygon
We are excited to launch the new joint liquidity mining incentive pool with YIN Finance, offering liquidity providers of YIN/WETH on Polygon to maximize their reward earning potential.
The Liquidity Pool of YIN/WETH on Polygon will be launched at 06:00 am UTC, Feb 15th. In total 300,000 $iZi and 75,000 $YIN will be provided for the pool for the first cycle (one month).
Double the rewards, double the fun!
YIN Finance is a multi-strategy NFT liquidity management platform that allows users to subscribe to the project’s strategy to achieve effective high-yield liquidity management. YIN Finance aims to provide proactive liquidity management services on different public chains and decentralized exchanges. YIN Finance is deployed on the Ethereum MainNet currently with budding deployment on Polygon, from which a development grant was received, and on Solana.
Let’s start to Farm in YIN/WETH pool on izumi LiquidBox!
Step-by-step Guide on How to Participate
1.Visit the official izumi website: https://izumi.finance/farm/one-side and get into the “One Side” farm function from the left sidebar.
Click the “Connect Wallet” button to connect your wallet and switch your wallet network to Polygon.
2.Click the “Details” button “🔽” on the right of the “YIN/WETH”.
3. Click “Add Liquidity”. Then approve YIN and WETH on the right sidebar.
Set the volume of YIN and WETH: Input the number of YIN, it will automatically give the number of WETH. Please note that you can only enter the liquidity pool with an equal dollar value of the $YIN and the $WETH.
Now, you can click “Add Liquidity” to complete the staking. But here let’s try the “Boost APR” function. When turning on the switch, you could find that by staking the iZi token, you can boost your APR up to 2.5x.
4.After Approve iZi and boost APR, you can find your Positions NFT start working.
And you can also click “Add Liquidity” and repeat Step3 to get another Positions NFT.
5. Now we get another Positions NFT but without boost in the Step3. You can always boost your APR after you start farming by clicking the “Boost” button. You can learn more details(Your Liquidity,Your APR etc.) by clicking the “Details” button.
6. After clicking “Boost”, a pop-up window will show up and it can be used to boost your APY.
You can select a boost rate, the program will calculate how many iZi should be staked.
7.After clicking “Details”, a pop-up window will show up and it will show your Positions NFT’s details.
Click “View” will show your Positions NFT on etherscan.io.
As you can see, liquidity is only provided below the current price in the UniV3 pool. So there is only WETH in the pool, and your YIN tokens are staking in the contract.
To know more about “One Side” model, please check: <Model 2: “One-sided non-impermanent loss Mining” model for non-stable tokens in the full price range>
You also can find your reward include trading fees on Uniswap V3 and Farming incentives.
8.Click the “Harvest all” or each “Harvest” button, the reward will be sent to your wallet.
Click the “Unstake” will stop farming. Your liquidity, staked iZi for boosting and your reward will be sent to your wallet.
About izumi Finance
izumi Finance is the first protocol to support Uniswap V3 “non-homogeneous” liquidity mining and extend concentrated liquidity service for multi-chains. izumi provides “Liquidity as a Service” (LaaS) based on Uniswap V3, with innovatively designed liquidity mining modules of “Concentrated liquidity mining” model for stable assets with a fixed price and “One-sided non-impermanent loss Mining” model for non-stable tokens. These structured models would support any blockchain project to better implement liquidity incentives with much higher capital efficiency and enable liquidity providers to earn extra rewards.