ADD V2 LIQUIDITY
Providing liquidity on Uniswap V2 with ODIN and another asset allows you to earn trading fees while supporting the liquidity of the GodMode Finance ecosystem. Here’s how to do it:
Step 1: Ensure You Have ODIN and the Other Asset Before adding liquidity, make sure you have ODIN and the second asset you wish to pair it with (such as ETH, DAI, or any supported token) in your Web3 wallet. If you haven’t acquired ODIN yet, refer to the How to Buy ODIN section.
Step 2: Visit Uniswap V2 Go to Uniswap V2 and ensure that your wallet is connected to the Ethereum network. You can do this by clicking on "Connect Wallet" and selecting your Web3 wallet (e.g., MetaMask, Trust Wallet).
Step 3: Navigate to the Liquidity Section
On the Uniswap interface, click on “Pool” and then select “Add Liquidity.”
Choose ODIN and your second asset from the dropdown menus. If ODIN is not listed, you may need to manually paste the ODIN contract address to add it.
Step 4: Input the Amounts
Enter the amount of ODIN and the corresponding amount of the second asset you wish to provide. Uniswap will automatically calculate the required ratio based on the current pool price.
Make sure you have enough ETH in your wallet to cover the gas fees for the transaction.
Step 5: Approve and Add Liquidity
You may need to approve each token for trading if you haven’t done so before. This will require a separate transaction in your Web3 wallet.
Once both assets are approved, click “Supply” to add liquidity.
Review the transaction details, including the amount of Liquidity Provider (LP) tokens you will receive, and confirm the transaction.
Step 6: Confirm in Your Wallet Approve the transaction in your Web3 wallet and wait for it to be confirmed on the Ethereum network. Once completed, you will receive LP tokens representing your share of the liquidity pool.
Step 7: Manage Your LP Tokens Your LP tokens can be used to earn a portion of the trading fees generated by the pool. You can also withdraw your liquidity at any time by using the “Remove Liquidity” option on Uniswap.
Note: Keep in mind that providing liquidity comes with the risk of impermanent loss, especially in volatile markets. Make sure to understand these risks before adding liquidity.
Congratulations! You have successfully added liquidity to Uniswap V2 for ODIN and your chosen asset, earning fees and contributing to the ecosystem.