How to add liquidity to the (Ethereum)GEM-ETH pair on Uniswap and earn from trading fees?
Here is the complete step-by-step guide on how to add liquidity in the
pair on Uniswap and earn from trading fees.
. Connect the wallet and Configure it on the ETH network. Click on the
page will appear. ETH is chosen as one of the inputs by default. Now click on the
"Select a Token"
button to choose the 2nd input. A pop up appears, Paste the ethereum GEM contract address
Now set your
"Preferred fee tier"
"Preferred price range".
You can also click on
for the maximum which results in lessened accruing transaction fees.
See this guide from Uniswap for a clear understanding of these parameters and set them as suits you best.
Now set the input
amount in one. The required amount of
automatically appears. Once you set all the parameters click on
The preview shows your position. Now click on
and a pop-up of your web3 wallet appears, click to
🎉 the transaction confirmation shows that you successfully added the liquidity. You can also see your liquidity position now for accruing fees from uniswap transactions.