How to Compound Stake UGT on Adamant Finance
In yet another unreal development, our governance token $UGT is now available for earning compound interest on Adamant Finance. There are numerous options for liquidity pairs on Adamant Finance, with great APY. In this tutorial, we’ll cover the UGT/QUICK pair. If you’re like us, you want to get the most consistently high APY, and that’s why we’re going to show you exactly how to do it!
Make sure that you have navigated to the correct URL.
Many fake websites pretend to be Adamant Finance (and other DeFi sites) to steal unwitting people’s funds.
To stay safe, use the official site link from this tutorial and bookmark it in your browser. Adamant Finance’s official URL is: https://adamant.finance
Connect your wallet to Adamant Finance.
Just select “Connect Wallet” in the upper right-hand corner of the interface.
Adamant supports multiple networks and wallets. For this tutorial, we’ll be using Polygon and MetaMask; however, it should be easy for those who wish to use another network or wallet to figure out how they can do so from this guide.
First, you’ll need to connect Adamant Finance to MetaMask by signing in, while connected to the Polygon main network.
Once your wallet is connected, make sure that it contains enough MATIC to cover the gas fees, plus the desired amount of UGT and QUICK for your liquidity pair.
Type “UGT” into the search field to quickly filter the available liquidity pairs for the UGT/QUICK LP.
Click on the UGT/QUICK LP field to show the controls for Adamant’s advanced staking vault options.
Click the “+/- LIQUIDITY” button
A new browser tab will open up to QuickSwap, where the UGT and QUICK tokens can be placed in a liquidity pair, opposite each other. Double check to ensure that MetaMask is signed into the wallet you wish to use, then select the amount of both UGT and QUICK you would like to commit to a liquidity pair.
If you are comfortable with the amounts you’ve selected, click “Approve UGT”
Now click confirm within MetaMask (and use your hardware wallet to double confirm, if you use one).
Now repeat the same steps, but for QUICK:
Now that UGT and QUICK have been approved, press “Supply” to create the liquidity pair on QuickSwap.
Now confirm the supply.
And sign in MetaMask
Now within the Adamant Finance dashboard, you’ll need to refresh the page for the new liquidity pair to show up.
Now, when you search for “UGT” again, you will see new liquidity, waiting to be staked.
Click “Approve Tokens”
You’ll need to confirm this in MetaMask again.
Now you’ll have the option to “Stake All Tokens”, or some other amount you choose.
For the final time, you’ll need to confirm in MetaMask.
Now from the main Adamant Finance dashboard, you’ll be able to see your realtime compounding rewards, growing each day, or compound the liquidity tokens you’ve deposited manually, or Claim + Vest + Exit staking with your tokens issued back to you.
Congratulations! You’ve done it. You’ve used Adamant Finance to maximize your UGT purchase by staking it across multiple permissionless exchanges. Now that you’ve done this for yourself, you can easily see your staking rewards grow. Unreal earnings are no longer a thing of the past!
Now’s the time to join our growing, amazing community of DeFi enthusiasts like you! Stop by any of our social platforms today to connect with thousands of people who share your interest in decentralized finance and maybe much more.