GameStation Providing $GAMER Liquidity And Staking On MANTRADAO

Published on: 03.11.2021

How to Provide GAMER-ETH Liquidity on QuickSwap:

  1. First, make certain that you have both GAMER and an equal value of wrapped ETH in your Polygon wallet. You will also need a small amount of MATIC as a gas token to pay for transactions.

Make certain that your wallet is set to the Polygon Mainnet network.

If you need to move assets from Ethereum to Polygon to get started, you can use Polygon’s official bridge app, or just send assets from any exchange of your choice. Be aware the Polygon bridge fees can be quite high, so sending assets from a centralized exchange is likely more cost efficient.

To get started, navigate to the Pool section on https://quickswap.exchange and click “Add Liquidity”.

Click the dropdown menu to select GAMER as the first token of the LP (Liquidity Provider) token pair.

Since at the time of writing this guide GAMER is still a brand new token, you will not see it in the search results here and will need to add it manually as described in the next steps.

Find the GAMER token contract address by searching for the GAMER token on CoinGecko or CoinMarketCap. Make certain it is the GAMER token from GameStation. Copy the address.

Double check that the token address is correct by confirming with an official GameStation social media account such as Twitter.

In the search box where you previously searched for “GAMER”, paste the address you just copied, and click “Add”.

With GAMER added, you can now add ETH by clicking “Select a token” and choosing ETH from the dropdown list.

Input how much GAMER or ETH you want to provide for liquidity. After putting the first value in, the second will be calculated automatically. Alternatively, you can just click “MAX” to contribute the maximum available amount of that token.

Now you must send “Approve” transactions to allow QuickSwap to work with both tokens. First click the “Approve GAMER” button.

Next you must complete the transaction with your wallet. We use MetaMask here, but you may use any supported wallet. In MetaMask you can complete the transaction by clicking “Confirm”.

Repeat the same steps for approving ETH.

Now that both tokens are approved, you can supply liquidity. Click “Supply” to begin.

A preview box will display all the relevant information about the liquidity you are providing including how many GAMER/ETH pool tokens you will receive, how much ETH and GAMER will be deposited each, and you share of the total pool. If everything looks correct, click “Confirm Supply”.

Complete the transaction in your wallet.

After completing the transaction, you can view the transaction status and details by following either of the circled links:

To view the details of liquidity you have just provided, click the “Import It” button:

Select both tokens just as you did previously when adding liquidity:

If you have already successfully added liquidity, the app will now display information about your liquidity.

The pool will also be saved to the main “Pool” page for you. Click “Manage” to see more details or to add or remove your liquidity.

To remove liquidity, simply click “Remove”

Here you can select how much of your LP tokens to remove, and click “Approve” to approve the QuickSwap app to interact with your LP tokens.

Complete the transaction in your wallet, and wait for it to be confirmed on chain. Once the “Approve” transaction is completed, you can then remove your liquidity by clicking “Remove”.

Review the information and click “Confirm” if there are no problems. Note that you will not receive the same amount of each token which you provided. Depending on how the price of each token has changed over time, you will receive more or less of each.

Confirm the transaction in your wallet to complete the removal of liquidity.

How to Stake GAMER/ETH Liquidity Provider Token at MANTRA DAO:

Navigate to https://app.mantradao.com/staking and click the GAMER/WETH button.

Enter how many GAMER/ETH LP tokens you wish to stake and click “Next”

Check the details and click “Stake Now” it it looks ok.

Confirm the first transaction in your wallet to approve MANTRA DAO to operate on your LP tokens.

About GameStation

GameStation is a multi-chain community-oriented gaming incubator and launchpad. We are adding a gamification layer to the launchpad to make it easier and more fun for gamers to participate and invest in innovative games. GameStation will also allow users access to an NFT marketplace where they can buy and sell in-game items easily. Finally, the community is at the center of GameStation, and gamers will have the opportunity to create social events and tournaments.

Source:
https://medium.com/gamestationio/comprehensive-guide-for-providing-gamer-liquidity-and-staking-1b893f0a0f9b

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