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💡 Before you can provide liquidity you'll need to have the $MOON token in your wallet. Follow these steps if you want to learn more about buying & selling your $MOON tokens.
🍣 What does providing liquidity mean?
Liquidity Providers (LPers) provide pool liquidity on the Sushi Exchange to improve $MOON market efficiency and earn trading fees. Liquidity providers receive a portion of trading fees corresponding to their “pool share”.
💰 How to add $MOON to Sushi as a Liquidity Provider (LP)
- Connect your wallet (MetaMask in this example) to Sushi and head over to "Earn" in the menu bar. Select Arbitrum Nova in the “Networks” button and enter $MOON in the “filter tokens” search bar.
- Point your cursor over the relevant pool and click on deposit, this will lead you to the “Add Liquidity” page.
- Input the $MOON and ETH token amount you would like to add to the liquidity pool. Note: Both tokens will automatically represent a 50/50 balance, make sure you have enough tokens of each in your wallet.
- Approve both the $MOON and $ETH token (if you haven't already) and confirm ‘Add Liquidity’.
- Once the transaction is confirmed, you will see your liquidity position on the right side of the app.
- Now onto Yield Farming, click on “Stake Liquidity” and select the amount of SLP you want to receive incentives on. You will be asked to approve the SLP if you haven’t already, see the instructions below.
- To view your pool position at any time, head over to the menubar, click on "Earn" and go to “My Positions”. You'll find an overview of and are able to manage all your LP positions from this page.
- Congratulations! You have successfully staked your tokens as a "Liquidity Provider" in Sushi. This means when people make a trade you will be eligible for part of the 0.25% trade reward.
More about MOON
Tokenomics
- Initially, 50 million Moons were available to claim for contributors based on karma earned in the subreddit prior to the launch. Less than half of these were claimed and as all claims expire after six months they were lost to those contributors.
- Round 1 of issuance began in June 2020 with 5,000,000 total Moons available for distribution. The monthly distribution is on a predetermined schedule that drops a fixed 2.5% each round.
- Eventually, Moons distribution will reach a steady state where the total supply continues to grow at 1% a year.
- For each round the Moons are distributed as follows: 40% to the Community Tank, 10% to the moderators, with the remaining 50% available to contributors.
Click here for full tokenomics
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