DAI Unipool DeFiZap Tutorial.
The easiest & cheapest way to add liquidity on Uniswap using just ETH.
Today we are proud to release our integration with Uniswap which allows for one-click liquidity pooling using just ETH.
Right now, if you want to enter a pool on Uniswap to generate trading fees you need to supply equal values of ETH and ERC-20 tokens.
DeFiZap abstracts the need to obtain those ERC-20 tokens, enter with ETH and (soon) come out with ETH - giving you a clear snapshot of your returns.
Here are a couple of specific guides to help you better understand how this works.
DAI Unipool Zap
Allows you to one-click add liquidity to DAI Uniswap Pool using just ETH.
Why is this important?
DAI Unipool Zap cuts the process from 3+ Metamask interactions into 1. Allowing end-users to simply input how much ETH they wish to supply, without worrying about how much DAI is needed to match.
Entering with just one token also allows investors to better track returns. Keep in mind supplying liquidity on Uniswap is for experienced traders only, you should fully understand how this works before making any financial investments.
DeFiZap.com UI Walk-through:
STEP 1: Visit https://defizap.com/zaps/unipooldai and click ⚡️USE THIS ZAP
STEP 2: Select your desired buy amount, confirm with Metamask signature and wait for the transaction to settle.
Ethereum tx: https://etherscan.io/tx/0x1b3d7cde1e82619790e56892b1d06a72c4c0a41bfc9b369decd7febc27e1065a
Total Gas cost: $0.04!
What happens after?
Once you receive your ETH/DAI Uniswap Liquidity tracking tokens, you can track your returns on pools.fyi.
Withdraw liquidity when desired on uniswap.exchange (e.g. try a week and analyze your ROI).
It’s important to note: when you use DeFiZap, you mint & receive the same liquidity/position tracking tokens as when separately using Uniswap, Compound, bZx, Synthetix, etc. on your own.
DeFiZap doesn’t spread your money into 'top 10 on coinmarketcap' - Zaps infuse capital into DeFi protocols built on top of Ethereum, furthering user adoption.
ENS INSTRUCTIONS:
DAI Unipool Zap smart contract source code has been verified on Etherscan and registered with the Ethereum Name Service under DAIUnipool.DeFiZap.eth so that adding liquidity on Uniswap is as easy as sending a text.
Note: make sure your gas limit is set to 1,500,000
Using DeFiZap by DeFi Dude:
Great summary of DeFiZap by Cooper Turley from DeFi Rate.
Resources:
Community love:
Disclosure: This is not investment advice. Please consult your own independent investment advisor before making any investment decisions.