Providing liquidity on Camelot (Arbitrum)
This is a walkthrough on how to provide liquidity for SILO:ETH via Camelot.
SILO-ETH liquidity providers can lock their LP tokens as spNFTs to earn base pool farm rewards on top of trading fees. Users that choose to ‘LP only’ will only benefit from trading fees.
- 1.Go to the SILO-ETH earn pool
Ensure your tab is set to spNFT (if you select LP only your position will not be eligible for base pool or nitro rewards).
- 2.Enter the amount of SILO and ETH you would like to deposit
Enter the amount of $SILO (or $ETH) you would like to deposit.
The corresponding $ETH (or $SILO) amount will be automatically output to ensure your deposit is 50:50.
- 3.Approve deposit and create LP position
Click ‘Approve $SILO’ followed by ‘Create Position’. Your deposit should now be visible in your ‘Positions’ tab.
Congratulations, you are now earning rewards from the SILO-ETH base pool!
Camelot allows users to lock their spNFTs into a Nitro Pool. The SILO-ETH Nitro Pool grants depositors additional rewards on top of the standard spNFT base pool.
- 1.Go to the SILO-ETH Nitro Pool
- 2.Deposit your SILO-ETH spNFT into the Nitro Pool
Since you have already created an spNFT position, your SILO-ETH spNFT will be shown under ‘Compatible Positions’ at the bottom of the page.
Click the ‘Deposit’ button.
Congratulations, you are now earning boosted rewards!