MKR Unipool DeFiZap Tutorial.
The easiest & cheapest way to add liquidity on Uniswap using just ETH.
|DeFiZap||Dec 9, 2019|
MKR Unipool Tutorial:
One-click add liquidity to start generating trading fees from ETH/MKR Uniswap Pool using just ETH.
Why is this important?
MKR Unipool Zap cuts the process from 4+ Metamask interactions into 1. Allowing end-users to simply input how much ETH they wish to supply, without worrying about how much MKR is needed to match or any token ‘unlocking’.
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/zap/unipoolmkr and click ⚡️USE THIS ZAP
STEP 2: Select your desired buy amount, confirm with Metamask signature and wait for the transaction to settle.
Total Gas fee: $0.06!
What happens after?
Once you receive your ETH/MKR 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.
We do not charge any fees, all Zaps are free to use and we don’t control or hold any users funds. If you want to, as someone providing great UI for your end users, you could charge a fee, again that is up to you. Hit us up if you are interested in doing that on discord: https://discord.gg/FjDj3Xf
MKR Unipool Zap smart contract was registered with the Ethereum Name Service under MKRUnipool.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 - the transaction will never uses more than 250,000 but this limit is required. We are working out a way to make this more dynamic.
Quick video guide by Chris Blec:
Disclosure: This is not investment advice. Please consult your own independent investment advisor before making any investment decisions.