Bumper’s Liquidity Mining program is a great way to both earn yield whilst supporting your favourite risk-management protocol by providing liquidity to the Uniswap v2 DEX.
The steps you need to complete to participate are as follows:
A more detailed step-by-step guide detailing how to take part can be found below and there's a video walkthrough guide here:
There are effectively 2 stages which must be completed to participate in the LM program. Please Note, you will need some ETH in your wallet to cover network gas fees.
- Stage 1: Supply liquidity to the Uniswap v2 pool
Users must supply an equal value of BUMP and USDC into the specified pool on Uniswap. For example, if you wish to supply 10,000 BUMP at a current price of $0.07, you will need 700 USDC tokens to match.
Once done, Uniswap will provide you with Uni-v2 LP tokens representing your share of the pool.
- Stage 2: Stake your Uni-v2 LP tokens into Bumper’s Liquidity Mining contract
You will need to visit the specific Bumper dApp contract, connect the same wallet which contains your UniLP tokens, and the stake these tokens.
Let’s now take each stage step-by-step
Navigate to the specific Uniswap v2 pool. You can do that by clicking here.
Make sure you connect your wallet which contains both BUMP and USDC tokens, and ensure it is on the Ethereum network.
Your token balances will now be displayed, and you should enter the number of tokens you want to supply to the liquidity pool.
You can enter the amount either in BUMP or USDC and the other side will be automatically calculated for you.
You will likely need to approve both BUMP and USDC in your wallet, so click on each of the Approve BUMP / Approve USDC buttons in turn and sign the approval in your wallet. (this is a one time function and once you’ve approved them both, you won’t be asked to do it again). It will take a moment to confirm each transaction.
Once you’ve approved both BUMP and USDC, the Supply button will be active.
Click the Supply button, and you will see a transaction confirmation box pop up.
Click Confirm Supply, and then confirm the transaction in your wallet
Once the transaction has been confirmed, you have supplied liquidity into the Uniswap v2 app.
You should be given the opportunity to add the UNI-V2 token to your wallet, however, if you need to, you can import the tokens manually. On Metamask, scroll down to the bottom of your assets tab, click Import tokens, then choose Custom token and enter the following Token contract address:
0x11FA2Aac28F4E84b2e5B9907580Dbf44A1975912
This should automatically fill in the Token symbol and Token decimal boxes for you.
Now if you return to your assets page, you should see your UNI-V2 LP tokens listed.
Congratulations, you’re ready to move onto the next stage.
Next, you need to visit the Bumper LM contract which is here: https://lm.bumper.fi. Make sure you connect the same wallet you used in stage 1.
Click on the STAKE button in the “Wanna Mine?” box to begin.
You can enter the amount of UNI-V2 LP tokens you wish to stake in the box, or hit the Max button to enter them all (and why wouldn’t you enter them all?)
Note, the first time you deposit your LP tokens, you will need to click the Enable Token button at the bottom and confirm in your wallet that you wish to allow this.
Then, once your tokens are enabled, click the Next button.
You’ll now see a confirmation screen, which shows a summary of the amount of LP tokens you wish to stake. If you’re happy, check the box to agree to the terms and conditions, and then click the Confirm button.
Of course, you’ll need to sign the transaction in your wallet, and once you’ve done this, just wait a few moments whilst the transactions are confirmed on the blockchain.
Once you see this screen, you’re there! You’ve successfully staked your Uniswap-v2 tokens into Bumper’s Liquidity Mining contract, and are now earning your share of the current epoch.
You can confirm this on the Liquidity Mining page of the dApp:
The steps above take you through just about everything you need to know, however if you are at all stuck, don’t hesitate to drop into our Discord, and our community mods (and our helpful community members) will be able to assist you.
Disclaimer:
Any information provided on this website/publication is for general information purposes only, and does not constitute investment advice, financial advice, trading advice, recommendations, or any form of solicitation. No reliance can be placed on any information, content, or material stated on this website/publication. Accordingly, you must verify all information independently before utilising the Bumper protocol, and all decisions based on any information are your sole responsibility, and we shall have no liability for such decisions. Conduct your own due diligence and consult your financial advisor before making any investment decisions. Visit our website for full terms and conditions.
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