1. Go to https://app.dodoex.io/mining. Alternatively, select “Mining” under the “Earn” tab.
2. Click on the “Connect Wallet” button in the upper right corner.
Please make sure you have enough ETH, BNB, or Matic in your wallet to pay for network gas fees.
3. Select a trading pair you wish to provide liquidity for to earn rewards.
Go to Earn > Mining to check for trading pairs that are available for liquidity mining
4. Add liquidity
In the “Mining” page under the “Earn” drop-down menu, click the trading pair you wish to add liquidity. Then you will be redirected to the “Liquidity” page.
Click the “Add Liquidity” button. Enter the amount of tokens you wish to add to the pool. Approve the token permission first if prompted. You could start adding liquidity once the “approval to spend” is done. Note: DODO supports single-side liquidity, you do not need to add both pairs if you do not wish to.
5. Stake LP
After adding liquidity and receiving DLP tokens, select a trading pair you wish to provide liquidity and click the “Stake” button. You will need to authorize it if you stake it for the first time.
The DLP token is the proof of DODO liquidity provider, representing the share of the liquidity pool. The ratio of DLP to the liquidity assets is not 1:1.
Send the transaction in your wallet, and the mining will start after the transaction is confirmed in the blockchain.
DOOD’s liquidity mining has no lock-up period and can be redeemed at any time. Rewards are accumulated per block.
To claim rewards, click the “Claim” button, confirm the transaction in your wallet pop-up. Once the transaction is approved, you receive DODO your mining rewards.
6. Withdraw Liquidity
The redemption process is the opposite of the staking process. You will need to unstake the DLP on the “Mining” page, then withdraw your pooled tokens on the “Liquidity” page.
7. Risk warning
Adding liquidity is not risk-free, and there is a probability of loss. Please be careful with adding liquidity and make sure you understand the risks.