Through the Steroids program, users are able to become Liquidity Providers in pBTC/SBTC Curve Metapool and earn rewards in unlocked PNT+CRV. And since the Steroids DApp is integrated directly into the Eidoo app, users can easily provide liquidity and earn rewards.
Read on for step-by-step directions.
Add pBTC and earn in Eidoo
Every week a reward of 50,000 PNT will be distributed and divided between liquidity providers. To become a liquidity provider – that is, to participate in the pBTC/SBTC Curve Metapool via the Eidoo app – proceed with the following steps.
From your personal wallet page, select “Stake pBTC on Curve”
On the next page, select “STAKE PBTC”
On the transfer page, enter the amount of pBTC you want to stake and confirm.
Please note that when interacting with Curve liquidity pools you may be subject to “price impact” (also known as slippage). This is the difference between the market price of a token and the estimated price applied by the pool. When joining the program with pBTC, your transaction may be subject to slippage.
As a general rule: the larger the amount involved, the greater the price impact; and the larger the pool, the smaller the price impact.
A best practice before joining Curve Metapool for Eidoo users is to verify the price impact by simulating a staking directly in the Curve Metapool.
Manage your rewards in Eidoo
Once your pBTC is staked, you will see the following items in the main menu:
- Your unstaked pBTC funds
- Your staked allocation
- Estimated returns (updated at each block)
- Earned so far
- Total pool size (displayed in pBTC)
Note: PNT+CRV rewards are distributed to each block
Collect your rewards
In the main menu, tap on the “Stake pBTC on Curve” banner.
Tap on “CLAIM REWARDS”
You will be redirected to a modal page.
Click on CLAIM button and on the next screen, you will see a precompiled address: don’t change it!
Enter “0” as the ETH amount to authorize the smart contract and tap “Proceed.”
Confirm transaction.
Unstake and collect your rewards
To exit the strategy, unstake and collect rewards, proceed with the following steps.
In the main menu, tap on the “Stake pBTC on Curve” banner.
Tap on “Unstake & Claim.”
Tap on “Step #1.”
On the next screen, you will see a precompiled address: don’t change it!
Enter “0” as the ETH amount to authorize the smart contract and tap “Proceed.”
Tap on “Step #2.”
On the next screen, you will see a precompiled address: again, don’t change it!
Enter “0” as the ETH amount to authorize the smart contract and tap “Proceed.”
Note: When unstaking is performed, pBTC will be withdrawn (a partial unstaking of funds is not possible).