Konichiwa my budding Sushi enthusiasts. My name is Nutoro and I am the CEO of Diamond Pepes Pty Ltd. and now head chef at Nutoro’s Sushi Bar.
Today I will be teaching you how to provide liquidity for $DPX or $rDPX on Sushiswap and earn trading fees as well as rewards in both $SUSHI and $DPX.
1. Go to the DPX-ETH pool on Sushiswap
The first thing to do at a sushi bar is to work out what you want to order.
Since we are learning how to provide liquidity for DPX-ETH, go to the DPX-ETH pool here
It will look something like this.
If instead you want to provide liquidity for rDPX-ETH go here - the following steps will be the same but uses $rDPX instead of $DPX.
2. Select the amount of $DPX and $ETH you want to add.
Making sushi is all about balance - an equal blend of ingredients is essential for a refined palate such as my own.
Similarly, the DPX-ETH pool requires balance in its 50:50 LP model. This means you must bring an equal USD value of $DPX and $ETH when you want to provide liquidity.
Enter a $DPX (or $ETH) amount and it will automatically select the amount of $ETH (or $DPX) it will need to be paired with.
3. Add liquidity
If you are happy with the amount of $DPX and $ETH to add, press the “add liquidity button” and follow the prompts (this will require you to approve the transaction first.
You now have DPX-ETH SLP Tokens that are earning trading fees!
4. Stake your DPX-ETH SLP Tokens
When you make a delicious piece of sushi, do you just look at it in admiration?
Nay, you shove that beautiful nori-wrapped goodness straight down your throat!
Similarly, making your DPX-ETH SLP Tokens is just half the journey - you must stake them too to earn $SUSHI and $DPX rewards.
Proceed to step 2 on the Sushi UI and select the amount of DPX-ETH SLP Tokens you want to stake and click “Stake Liquidity”
My my my, you are now also earning farming rewards in $DPX and $SUSHI on top of your standard trading fees.
Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers — all in a passive manner.
Dopex uses option pools to allow anyone to earn a yield passively. Offering value to both option sellers and buyers by ensuring fair and optimized option prices across all strike prices and expiries. This is thanks to our own innovative and state-of-the-art option pricing model that replicates volatility smiles.
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