nuco.cloud UNI-V2 Liquidity Staking Guide — October 2022

Learn more about nuco.cloud´s Liquidity Staking using UNI-V2!

On Monday, 10th October 2022, 2pm CET, we will launch the nuco.cloud UNI-V2 Liquidity Staking Pool in partnership with Ferrum Network.

The nuco.cloud Liquidity Staking Pool (October 2022):

  • Full maturity: 180 days
  • Early withdrawal starts: 9th December 2022
  • Early withdrawal ends: 8th May 2023
  • Early withdrawal rewards: Start at 5% APY + Trading Fees
  • The time period to contribute: 30 days till 9th November 2022 (the pool will be closed after that so you have to be fast to join)

Requirements for Staking

Please note the following requirements:

How to become an LP (Liquidity provider)

1. Download Metamask here:

https://metamask.io/

2. Create a new wallet or add your existing MyCrypto or Ledger Wallet

Create a new wallet in Metamask or add your existing Wallet.

Importing an existing wallet into Metamask:

Ledger:

3. Add NCDT and UNI-V2 Token to Metamask.

4. Add UNI-V2 Token to Metamask

Now the same for UNI-V2 Token: 0x1921b852f38bc68430780242b2628d0ca14cef83

5. Transfer Funds (ETH and NCDT) to your Metamask Wallet

Transfer the same value in ETH (counted in FIAT like EUR or USD) to your Metamask Wallet like the amount of NCDT (also counted in FIAT like EUR or USD) that you want to put into the Liquidity Pool for staking.

6. Connect your Metamask Wallet to Uniswap

Go to https://app.uniswap.org/ and connect your click on “Connect Wallet”

7. Add Liquidity to Uniswap:

Go to the Liquidity Pool at Uniswap (Direct Link: https://app.uniswap.org/#/add/v2/ETH/0xE0C8b298db4cfFE05d1bEA0bb1BA414522B33C1B?chain=mainnet)

8. Start Staking:

8.1 Go to our staking page (Direct Link: https://nuco.cloud/staking) and click on “Start Staking” (when it opens at 10th October 2022, 2pm CET)

CAUTION:

DO NOT DIRECTLY SEND UNI-V2 TOKENS TO THE STAKING CONTRACT, ONLY USE THE PROVIDED USER INTERFACE!

9. How unstake and get your NCDT Token

9.1 Unstaking:

9.1.1 Go to the staking page again (Direct Link: https://nuco.cloud/staking/)

9.2 If you want to remove your Liquidity

9.2.1 Go back to Uniswap (Direct Link: https://app.uniswap.org/#/add/v2/ETH/0xE0C8b298db4cfFE05d1bEA0bb1BA414522B33C1B?chain=mainnet)

General Overview of NCDT Staking

To understand critical concepts such as staking pools, early withdraws, and redistributed rewards, please refer to our Liquidity Staking Overview.

Risks:

Please read the following article to assess potential risks. Participation in Staking is at your own risk:

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