The Ethernity LP Staking Reward Program

By GretaJun 20, 2024

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Dive into the world of decentralized finance with the Ethernity Chain Liquidity Rewards Program, where providing liquidity on Uniswap V2 can earn you rewards. This program incentivizes participants who add liquidity to the ERN/ETH pool, offering an opportunity to maximize your returns.

Note that U.S. citizens and residents are not permitted to participate in this staking program and will not have access to the staking function.

How It Works:

  1. Provide Liquidity: Start by adding liquidity to the ERN/ETH Uniswap V2 Pool. Head over to our LP Staking page on the DeFi Dashboard. Click "Add Liquidity," select the amount of ERN and ETH you wish to supply, and confirm your addition to the pool.

  1. Receive LP Tokens: Once liquidity is added, Uniswap will issue ERN-ETH-LP-UNI-V2 tokens. These tokens represent your share of the liquidity pool and are crucial for earning rewards.

3. Stake LP Tokens: Next, visit the LP Staking page, connect your wallet, agree to the terms, and click "Stake" to deposit your LP tokens into the rewards program.

4. Unstake and Claim Rewards: Locked LP tokens can be unstaked at any time by clicking the "Unstake" button. To claim your rewards, simply click the "Claim Rewards" button. Approximately 1,833.33 ERN will be distributed daily to participants based on the proportion of LP tokens they have staked.

Trading Fees:

All Uniswap trading fees (0.3% per trade) are automatically distributed to Uniswap ERN-ETH liquidity providers. Participating in the Ethernity Chain Liquidity Rewards Program does not impact the standard yield from providing liquidity on Uniswap.

Proportional Rewards:

ERN rewards are distributed based on the proportion of LP tokens each participant holds relative to the total LP tokens locked in the program.

Harvesting Rewards:

Rewards can be harvested every block, ensuring you can continually maximize your earnings.

Unstaking:

LP Tokens can be unstaked at any time. However, you must unstake your LP tokens from the Ethernity LP Staking page before removing liquidity from Uniswap.

Get Started Today!

By participating in the Ethernity Chain Liquidity Rewards Program, you can enhance your crypto portfolio while contributing to the liquidity and stability of the Ethernity ecosystem.

For the best experience, we recommend using the MetaMask wallet and the latest Chrome browser.


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