Tutorial — Axia Token Farming Explained!
This article is a brief tutorial detailing the processes involved in adding liquidity to Axia Pools on Balancer and Uniswap. The Axia Protocol is a decentralized platform, hence users are free to add liquidity to our pools, mint Axia Fund Tokens — AFTs (BPTs and UNI-V2) and stake them on our dapp to earn Axia Tokens from the daily emissions.
Pool Weights
The Swap Fund Pool
This refers to the AXIAv3/ETH pool on Uniswap. Here, AXIA and ETH have equal weighting (50:50).
To Add Liquidity to the Swap Fund Pool:
i) Be sure that you have both AXIAv3 tokens and ETH in your wallet
ii) Click here to go to the pool on Uniswap.
iii) With your wallet connected, enter the amount of ETH you intend to add liquidity with, the amount of AXIAv3 tokens you need to complete the process will be automatically calculated and entered.
iv) Approve your AXIAv3 tokens for pooling.
v) Click on ‘Supply’ and submit the transaction that pops up to complete the process.
Once the ‘Add Liquidity’ transaction is confirmed on the blockchain, Swap AFTs (UNI-V2 tokens) will be immediately minted to your wallet. Proceed to stake them on the Swap Fund pool to earn from AXIA’s daily emissions.
NB: 45% of the daily emitted AXIA tokens are shared by the stakers in the Swap Fund pool on the dapp.
The Oracle Fund Pool
The tokens that make Oracle Fund Pool are thus weighted:
LINK: 60%
AXIAv3: 10%
BAND: 10%
ZAP: 10%,
TRB: 10%
To Add Liquidity to the Oracle Fund Pool:
i) Click on Add Liquidity to the as in the image above.
ii) A dialogue box will pop up asking you to Setup Proxy, click on ‘Setup’ and approve the transaction that pops up.
iii) Once the transaction is confirmed on the blockchain, you can proceed with the ‘add liquidity’ procedure by using either of the ‘multi asset’ or ‘single asset’ options.
NB: using the ‘multi asset’ option means that you’re adding liquidity with all the underlying tokens while choosing the ‘single asset option’ means that you’re adding liquidity with one out of all the underlying assets.
Proceed to stake your AFTs (BPTs which will be minted to your wallet from adding liquidity) on the Oracle Fund pool to earn from AXIA’s daily emissions.
NB: 25% of the daily emitted AXIA tokens are shared by the stakers in the Oracle Fund pool on the dapp.
The DeFi Fund Pool
The tokens that make DeFi Fund Pool are thus weighted:
WETH: 60%
AXIA: 10%
BAL: 10%
COMP: 10%
SNX: 10%
To Add Liquidity to the DeFi Fund Pool:
i) Click on Add Liquidity to the as in the image above.
ii) A dialogue box will pop up asking you to Setup Proxy, click on ‘Setup’ and approve the transaction that pops up.
iii) Once the transaction is confirmed on the blockchain, you can proceed with the ‘add liquidity’ procedure by using either of the ‘multi asset’ or ‘single asset’ options.
NB: using the ‘multi asset’ option means that you’re adding liquidity with all the underlying tokens while choosing the ‘single asset option’ means that you’re adding liquidity with one out of all the underlying assets.
Proceed to stake your AFTs (BPTs which will be minted to your wallet from adding liquidity) on the DeFi Fund pool to earn from AXIA’s daily emissions.
NB: 25% of the daily emitted AXIA tokens are shared by the stakers in the DeFi Fund pool on the dapp.
Arbitrages
Another opportunity Axia Protocol offers to users is Arbitrage. This opportunity presents itself when there is a difference between the price of AXIA tokens on Balancer and Uniswap (this also applies to the other underlying assets within the balancer pools). No matter how slight this difference, it presents arbitrageurs with the opportunity to make some extra money.
