Space Token

<h3 id="what-is-uniswap-v3">What is Uniswap V3?</h3>Uniswap V3 is a decentralized exchange (DEX) that operates on multiple blockchains, including Ethereum and other Ethereum-compatible networks. It allows users to trade various cryptocurrencies in a decentralized and trustless manner, eliminating the need for a centralized exchange.Uniswap V3 utilizes an automated market maker (AMM) model, where the price of assets is determined by the ratio of tokens in a liquidity pool, rather than the traditional supply and demand dynamics of buyers and sellers. This ensures faster and more efficient trading, often with lower fees compared to centralized exchanges.Uniswap V3 introduces exciting new features such as concentrated liquidity, where liquidity providers can specify price ranges for their contributions. This results in improved capital efficiency and potentially higher returns. Additionally, Uniswap V3 allows for the creation of custom fee structures and provides enhanced flexibility for liquidity providers.Operating across multiple chains, Uniswap V3 expands its reach and usability, offering users the ability to trade on various blockchain networks. By creating and contributing to liquidity pools, users can earn trading fees in the form of UNI tokens, incentivizing liquidity provision and helping to create more liquid markets for trading.<h3 id="what-is-liquidity-mining">What is Liquidity Mining?</h3>Liquidity mining, also known as yield farming, is the act of providing liquidity via cryptocurrencies to decentralized exchanges (DEXs). Since the primary goal of an exchange is to be liquid, DEXs seek to reward users willing to bring capital to their platform.Most DEXs are decentralized by replacing order books with an Automatic Market Maker (AMM). An AMM is a smart contract that regulates trading. Since smart contracts are decentralized, users do not have to trade the order book of an exchange. Instead, they effectively trade with other users.The AMM collects these fees and grants them to each liquidity provider (LP) as a reward. Therefore, the DEX offers a symbiotic ecosystem where each group of users helps each other. While the token swapper pays a small fee to trade on a decentralized exchange, the liquidity provider earns money for providing the liquidity that the first user will need.<h2 id="header-0">How to add liquidity?</h2>Uniswap V3 liquidity pools allows users to trade SPACE with other assets on the Arbitrum network.In this step-by-step guide, you will learn how to add Space Token to a liquidity pool on Uniswap.First, you will need to have Space Token (SPACE) and Ethereum (ETH) in your Web3 Wallet on the Arbitrum Network.We recommend using <a href="https://rabby.io/rabby-points?code&#61;SPACETOKEN" rel="noopener noreferrer nofollow">Rabby.io</a> as Web3 wallet, since that’s probably the most secure and the user experience is great.1- Once you have these tokens, you need to <a href="https://app.uniswap.org/add/0x1D1498166DDCEeE616a6d99868e1E0677300056f/ETH/500?minPrice&#61;0.0000000000000000000000000000000000000029395&amp;maxPrice&#61;340190000000000000000000000000000000000&amp;chain&#61;arbitrum" rel="noopener noreferrer nofollow">go to the pool page</a> and connect your Web3 wallet that contains your SPACE and ETH.Arbitrum xSPACE-ETH Pool Page is <a href="https://app.uniswap.org/add/0x1D1498166DDCEeE616a6d99868e1E0677300056f/ETH/500?minPrice&#61;0.0000000000000000000000000000000000000029395&amp;maxPrice&#61;340190000000000000000000000000000000000&amp;chain&#61;arbitrum" rel="noopener noreferrer nofollow">https://app.uniswap.org/add/0x1D1498166DDCEeE616a6d99868e1E0677300056f/ETH/500?minPrice&#61;0.0000000000000000000000000000000000000029395&amp;maxPrice&#61;340190000000000000000000000000000000000&amp;chain&#61;arbitrum</a><img src="https://miro.medium.com/v2/resize:fit:912/0*58QbrfB0_4tLxElx.png" /><img src="https://miro.medium.com/v2/resize:fit:1050/1*kPpvAs2pHmX4AvN4OrCedw.png" />Once your wallet is connected, you must see that xSPACE and ETH are pre-selected.2- Trading fee tier (0.05%)You need to keep the fee tier to 0.05%.Other tiers are not compatible to get Space LP Bonus and Staking on <a href="https://autofaucet.dutchycorp.space/?s&#61;medium" rel="noopener noreferrer nofollow">Final Autoclaim</a><img src="https://miro.medium.com/v2/resize:fit:1050/0*-iGX_su4AtLmE8sM.png" />Keep it like this.3- Select “Full range” as range settingsBy selecting the “Full range” option, liquidity providers can ensure that their liquidity will be utilized even in volatile market conditions, reducing the risk of impermanent loss. This setting allows the liquidity provider to specify a wider price range for the pool, which can result in a safer and more stable position.Warning: Only the Liquidity provided with “Full Range” option will be included in your SPACE LP balance, if you want to enjoy of Space LP Bonuses and Staking on <a href="https://autofaucet.dutchycorp.space/?s&#61;medium" rel="noopener noreferrer nofollow">Final Autoclaim</a><img src="https://miro.medium.com/v2/resize:fit:1050/0*dz16pc6NhofEPGpt.png" />Low price must show ‘0’ and High Price ‘∞’4- Enter the amount you want to add to the liquidity pool. You need to provide SPACE and ETH in a 50/50 ratio (for example, $20 in SPACE and $20 in ETH).<img src="https://miro.medium.com/v2/resize:fit:1050/1*vcZWOfRsItpaCmoQ5hBg8Q.png" />Uniswap will automatically ensure that the 50/50 ratio is respected.5- Enable SPACE, so the token will be able to interact with the poolApproving SPACE will require to sign a transaction on your Web3 wallet, don’t worry, it is safe.<img src="https://miro.medium.com/v2/resize:fit:1050/0*dQNREN1v1bDwa7J8.png" />6- Confirm the transaction, and wait for the network confirmation.a- Click the “Preview” button, that will show you details about the position that you will get:<img src="https://miro.medium.com/v2/resize:fit:1050/0*xxgOiDIqy1zhncs_.png" />b- Click the “Add” button, that will ask you to sign another and last transaction on your web3 wallet.<img src="https://miro.medium.com/v2/resize:fit:953/1*5yl_JK4qOAqxNRoDObkaYQ.png" />Only the xSPACE and ETH amounts must differ from this screenshot. The other details must be the same.c- Sign the transaction on your web3 wallet.<img src="https://miro.medium.com/v2/resize:fit:915/1*tQvLgfrsYFU61yfNOAQ8tQ.png" /><img src="https://miro.medium.com/v2/resize:fit:882/1*TWQ2LVJgu-rB1iCHIuDZVw.png" />If you use Rabby, just click the “Sign and Create” buttonAfter a second, Uniswap will congratulate you as you succeed to add liquidity!<img src="https://miro.medium.com/v2/resize:fit:905/1*jILAv9wM3rSP6x8YZ6SHtA.png" />If you click on ‘Close’ button, you’ll be able to see your liquidity position.In the image below, you can see our xSPACE-ETH positions.<img src="https://miro.medium.com/v2/resize:fit:1050/0*X9WDM_53eM2Nr1Tj.png" />If we click on one of the positions in the list, we can see that this position contains 1100 xSPACE and ~0.003 ETH.<img src="https://miro.medium.com/v2/resize:fit:1050/1*7CF1h8H9VlSBPPez7S0JKg.png" />As you can see, you can Increase or Remove liquidity any time, be sure to bookmark the pools Uniswap link: <a href="https://app.uniswap.org/pools" rel="noopener noreferrer nofollow">https://app.uniswap.org/pools</a>, so you can manage your positions simpler just by opening the link.&#x1f389;Congratulations!You’ve successfully added xSPACE and ETH to Uniswap V3 liquidity pool on Arbitrum.You can now refresh your SPACE LP balance on Final Autoclaim Space Bonus Page to enjoy bonuses on the website.Once you have refreshed your LP balance, you can activate the xSPACE LP staking pool to enjoy high APR.

How to add liquidity to Uniswap V3 on Arbitrum? (to get xSPACE LP tokens)

Table of Contents

Space Token

دیگر آرٹیکلز 24 جولائی، 2024 پر پبلش کیے گئے ہیں

Korea Blockchain Week 2024 Names Movement Labs The Official Conference Partner, Unveils New Headl...

MEW surges 16%, becomes top gainer in crypto market today

Chinese E-commerce Giant JDcom to Issue Hong Kong Dollar Stablecoin

Trump Fired Biden Solana Memecoin Prepares to Rally 17,000% Before First Listings, As SHIB and Do...

Exploring High Returns with Moonbag's 88% APY and Bitcoin Cash’s Resilient Performance

Market Braces for BTC Price to Hit $80k in July, Investors Double Down on DOGE and AI Platform Al...

Join our free newsletter for daily crypto updates!