📈How to earn FFM rewards?
Provide liquidity and earn $FFM
Last updated
Provide liquidity and earn $FFM
Last updated
In order to earn $FFM rewards you need to provide liquidity to either the flrEUR / EURC Liquidity Pool (LP) on UniSwap/Base or the flrEUR / USDC.e Liquidity Pool on Camelot/Arbitrum.
UniSwap / BASE
On UniSwap/Base we have paired flrEUR with EURC to provide secondary liquidity for our flrEUR vault funding token. We have choosed to distribute the FFM incentives through the use of MERKL from our friends at AngleLabs.
In order to earn FFM rewards you can provide flrEUR/EURC liquidity (50/50) to the UniSwap liquidity pool on BASE using the MERKL app or straight through UniSwap.
If you click on "Deposit" on the top left corner of the MERKL page (link above) it will take you to a "Deploy" function through Oku.Trade
Alternatively you can do it directly on UniSwap
The great news on UniSwap/MERKL is that you don't need to "stake" your liquidity position...The FFM rewards are automatically allocated/distributed through MERKL based on lenth of time liquidity is committed and whether the LP position is "in range". You can track & claim all your rewards through MERKL by clicking on the "Dashboard" function on the top right of the MERKL landing page above once the wallet containing your LP position is connected and it should look someting like this.
Camelot / Arbitrum:
On Camelot/Arbitrum you then have to "stake/deposit" the LP position using the Camelot Nitro function.
Either search for flrEUR or go directly to the Camelot Nitro flrEUR - USDC.e page.
The "Auto" Gamma management strategy of the the LP will show you how much of each token is needed to create a position, do not worry if it is not an equal amount of each token, this is normal, the best option is to use Paraswap to buy:
Paraswap = flrEUR
Once you have your USDC.e and flrEUR you are ready to create the LP on Camelot.
Go to = Camelot LP to create a new position
For section 2 select Auto
For section 3 select Gamma as the provider and make sure the Narrow strategy is selected as shown in the image above.
Input how much flrEUR + USDC.e you would like to supply, do not worry if the LP is not fully balanced this is the nature of the stable strategy created by the Gamma vault to help maintain the Euro peg.
Approve both flrEUR and USDC.e
Once approved, click create position, there is no need to lock the position for the $FFM rewards.
Once you have created your flrEUR - USDC.e position you will need to go back to the Camelot Nitro page which can be found here. Simply type FLR into the search to find our Nitro pool.
Then click deposit in the bottom right corner of the page.
Select your LP by clicking on it and click deposit, once deposited you will begin earning $FFM rewards.
To monitor your $FFM rewards go to the Camelot Nitro page here.
You can see your staked positions at the bottom and if you click on the position you will get more details about your rewards.
$FFM reward APR varies depending on how much is deposited, the less that is deposited the higher the APR.
You can claim your rewards once they start to accrue by clicking the Harvest button on your position.
On UniSwap/Base we have created a similar on/off ramp only now we have paired flrEUR with EURC and we have choosed to distrunte FFM incentives through the use of MERKL from our friends at AngleLabs.
In order to earn FFM rewards you can provide flrEUR/EURC liquidity (50/50) to the UniSwap pool on BASE using the MERKL app or straight through UniSwap.
If you click on "Deposit" on the top left corner of the Mekle page link above it will take you to a "Deploy" function through Oku.Trade
Alternatively you can do it directly on UniSwap
The great news is that you don't need to "stake" your liquidity position...the FFM rewards are allocated automatically through MERKL based on lenth of time liquidity is committed and whether the LP position is "in range". You can track & Claim all your rewards through MERKL by clicking on the "Dashboard" function on the top right of the MERKL landing page above once the wallet containing your LP position is connected and it should look someting like this.
