By: Geeq on Nov 17, 2020
Dear Geeq Community,
In preparation for the opening of the staking pools we offer this GEEQ UNI-V2 Liquidity Staking Guide.
Stake UNI-V2 LP tokens and receive double benefits!
The terms of the Geeq Liquidity Staking pool (rewards, lengths, minimum contribution, etc.) are detailed below:
Geeq Liquidity Staking:
- Stake your Uniswap v2 LP tokens here
- Rewards: Uniswap Trading Fees + 105% APY
- Full maturity: 60 days
- Early withdrawal after: 30 days
- Early withdrawal: 40% annualized
- Pool Size: $200k GEEQ/ETH each side lockup
Full terms and conditions are outlined here.
Requirements for Staking
Please note the following requirements:
GEEQ Liquidity Staking requires the ERC-20 wallet extension Metamask or a compatible Web 3 wallet which will automatically link to our staking contracts. This wallet will be used to contribute your token to the liquidity pool. It will also be used to distribute staking rewards upon withdrawal.
How to become a LP (Liquidity provider)
- Go to app.uniswap.org and click ‘Pool’ on the top left. (Direct Link: https://app.uniswap.org/#/add/ETH/0x6b9f031d718dded0d681c20cb754f97b3bb81b78)
2. Click ‘Add Liquidity’ and enter GEEQ in the token search fields
GEEQ contract address (needed for the search tab)
3. Click on Supply and confirm that you will receive ETH/GEEQ Pool Tokens and click Confirm Supply:
How to find UNI V2 tokens in your wallet
If you are going to be moving your LP tokens around, then here are some tips to help you so that you don’t freak out when you don’t see them in your wallet.
- Go back to your Metamask Click on Assets. Scroll down and click Add Token.
- Paste the following Token Contract Address:
After entering the Token Contract Address, it will display UNI-V2. Please click next.
3. You will see this. Click Add Token. Now you will be able to see and manage your LP tokens in your Metamask wallet Remember they are ERC20 tokens, so you can transfer them to any Ethereum address.
You can now move your LP tokens from wallet to wallet.
Start Staking [GEEQ] Uni-V2 Pool Tokens
- Go to our staking website;
- Select the GEEQ staking pool and press “Stake” (when it opens);
- Authorize your MetaMask to be connected to the staking smart contract;
- After exploring the pool page and you are ready to stake, press “Stake”;
- Next, input the amount of UniV2 Tokens you wish to stake;
- MetaMask will pop up. Allow MetaMask to spend your Uni-V2 (i.e. send your Uni-V2 Tokens to the staking contract) and press “confirm”.
Please confirm whether the amount is correct and approve the allocation.
Please note that you will receive two requests to confirm on Metamask after you clicked on Stake.
IMPORTANT NOTE ON TRANSACTION FEES: you can edit the Ethereum Network gas fee in MetaMask by pressing “edit” and choosing a custom gas fee. Note that lower fees have slower transaction times.
CAUTION: DO NOT DIRECTLY SEND UNI-V2 TOKENS TO THE STAKING CONTRACT, ONLY USE THE PROVIDED USER INTERFACE!
ANY TOKEN SENT DIRECTLY MIGHT BE LOST
How to unstake
The option to unstake will open up in 30 days for the GEEQ liquidity staking pool.
General Overview of GEEQ Staking
To understand critical concepts such as staking pools and early withdrawals, please refer to our Staking Overview.