How To Provide Liquidity For $ARB On Sushi?
Learn more about add $ARB to Sushi as a Liquidity Provider (LP)
- Date
- Oishii
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💡 Before you can provide liquidity you'll need to have the $ARB token in your wallet. Follow these steps if you want to learn more about buying your $ARB tokens.
🍣 What does providing liquidity mean?
Liquidity Providers (LPers) provide pool liquidity on the Sushi Exchange to improve $ARB market efficiency and earn trading fees. Liquidity providers receive a portion of trading fees corresponding to their “pool share”.
💰 How to add $ARB to Sushi as a Liquidity Provider (LP)
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Connect your wallet (MetaMask in this example) to Sushi and head over to "Earn" in the menu bar. Select Arbitrum in the “Networks” button and enter in the “filter tokens” search bar.
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Point your cursor over the relevant pool and click on deposit, this will lead you to the “Add Liquidity” page.
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Input the $ARB 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 $DPX and $ETH token (if you haven't already) and confirm ‘Add Liquidity’.
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Once the transaction is confirmed, you will see your liquidity position on the right side of the app.
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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.
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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.
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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 ARB
Tokenomics
DPX
- Max Supply: 10,000,000,000
- Inflation: 2% (Max)
- Circulating Supply: 1.3 Billion
- ARB is the native governance token of the Arbitrum network. It is used to decentralize governance of the Arbitrum One and Arbitrum Nova chains by allowing holders to participate in the governance process by voting on proposals related to the network's development and evolution. These proposals include: protocol upgrades, network parameter changes, and economic policies.
Initial Distribution
- Max Supply: Uncapped
- Circulating Supply: 1,353,102
- rDPX is a rebate token that was previously given to option writers who experience losses. However, it is undergoing a revamp to rDPX V2, which will make it the backbone for synthetics on the Dopex platform.
Connect with Arbitrum on:
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💬 Still have questions?
Hit us up on Discord or on Twitter.
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