LP is the assurance token that proves that you invested in the smart contract of the corresponding liquidity pool. You can stake your LP tokens to get extra profit in WX token, to do so, open Waves. Exchange app, login to your account and navigate to the Pools tab .
Read moreHow do I stop my Waves from staking?
Open Waves. Exchange app, login to your account and navigate to the Investments > USDN Staking tab. Click Unstake USDN to open the Withdraw pop-up window . On the Withdraw pop-up window you can see your staked balance and the amount of fee for the withdrawal operation.
Read moreCan I stake Uniswap tokens?
Staking Uniswap is unlike any other form of cryptocurrency staking as you can make a passive income from your ERC-20 tokens by placing them in liquidity pools with Uniswap. To take part in Uniswap liquidity staking, you need ETH and an ERC-20 secure wallet.
Read moreHow do I get Uniswap LP tokens?
Click ‘Zap In’ and select ETH as the input and Uniswap under ‘Swap Via’ . You will see the current pool size, your estimated pool share, and the amount of LP tokens you will receive.
Read moreCan I stake LP tokens?
LP is the assurance token that proves that you invested in the smart contract of the corresponding liquidity pool. You can stake your LP tokens to get extra profit in WX token , to do so, open Waves. Exchange app, login to your account and navigate to the Pools tab. Select a pool from the list and click on it.
Read moreWhat happens when you stake LP tokens?
The LP tokens become your claim to your share of the pool’s assets . Holding these LP tokens allows you total control over when you withdraw your share of the pool without interference from anyone — even the Balancer platform.
Read moreHow do you earn LP tokens?
Crypto owners will receive LP tokens when they contribute an equal amount of tokens to a pool . These tokens represent their stake in that pool. These LP tokens will be minted when adding funds to the pool. They are then burned when removing the funds.
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