Wave 5 of the Linea Defi Voyage on Intract
Liquidity provision & passive yields on Intract with Linea - Linea Defi Voyage
Wave 5 is up. 📈 💫
Provide Liquidity on partner protocols & collect your Linea Defi Voyage XPs! 🤘🏻🔥
Guide:
Core task FAQ
Bonus Task FAQs
Wave 5 - What is it all about?
Core task FAQ:
Provide liquidity to selected pairs (list inside) on supported DEXs (at least $25 deposited finally, in total) in one transaction on Linea
What does providing liquidity mean?
As a web3 user, you can provide assets to a DeFi protocol to run its day to day operation for e.g. a DEX to maintain liquidity & facilitate swaps. In exchange for trading fees & additional rewards. This is called as liquidity provision.
What token pairs are allowed to deposit the liquidity in?
You can check out the list of eligible tokens within the task details on the Wave 5 page.
What DEXs are allowed for core task?
You can check out the list of eligible projects to do the task within the task details on the Wave 5 page. Please check on the Intract web page for any downtime notifications before choosing an app to interact with.
What does at least 25$ in total mean?
Total worth of tokens supplied as pair ≥25 $ finally after accounting for all slippage and/or other losses.
Do I need to hold my liquidity position for the task for verification?
No! You can withdraw from the liquidity pool at your convenience.
Can I do this liquidity provision in multiple transactions?
No, the 25$ liquidity has to be provided in a single transaction.
I did an equivalent LP provision transaction recently before the start of Wave 5. Will that count?
No, the transaction has to be done during the wave 5 time duration.
Bonus task 1 FAQ
Provide liquidity for a RWA or LST pair (list inside) on supported DEXs (at least $25 deposited finally, in total) in one transaction on Linea
What token pairs are allowed to deposit the liquidity in?
You can check out the list of eligible tokens within the task details on the Wave 5 page.
What DEXs are allowed for this task?
You can check out the list of eligible projects to do the task within the task details on the Wave 5 page. Please check on the Intract web page for any downtime notifications before choosing an app to interact with.
What does at least 25$ in total mean?
Total worth of tokens supplied as pair ≥25 $ finally after accounting for all slippage and/or other losses.
Do I need to hold my liquidity position for the task for verification?
No! You can withdraw from the liquidity pool at your convenience.
Can I do this liquidity provision in multiple transactions?
No, the 25$ liquidity has to be provided in a single transaction.
I did an equivalent LP provision transaction recently before the start of Wave 5. Will that count?
No, the transaction has to be done during the wave 5 time duration.
Bonus Task 2: Provide liquidity to a ve(3,3) stable pool (list inside) on supported DEXs (at least $25 deposited finally, in total) in one transaction on Linea
What token pairs are allowed to deposit the liquidity in?
You can check out the list of eligible tokens within the task details on the Wave 5 page.
What DEXs are allowed for this task?
You can check out the list of eligible projects to do the task within the task details on the Wave 5 page. Please check on the Intract web page for any downtime notifications before choosing an app to interact with.
What does at least 25$ in total mean?
Total worth of tokens supplied as pair ≥25 $ finally after accounting for all slippage and/or other losses.
Do I need to hold my liquidity position for the task for verification?
No! You can withdraw from the liquidity pool at your convenience.
Can I do this liquidity provision in multiple transactions?
No, the 25$ liquidity has to be provided in a single transaction.
I did an equivalent LP provision transaction recently before the start of Wave 5. Will that count?
No, the transaction has to be done during the wave 5 time duration.
Bonus Task 3: Provide liquidity to a single sided LP (list inside) on supported DEXs (at least $25 deposited finally, in total) in one transaction on Linea
What token pairs are allowed to deposit the liquidity in?
You can check out the list of eligible tokens within the task details on the Wave 5 page.
What DEXs are allowed for this task?
You can check out the list of eligible projects to do the task within the task details on the Wave 5 page. Please check on the Intract web page for any downtime notifications before choosing an app to interact with.
What does at least 25$ in total mean?
Total worth of tokens supplied as pair ≥25 $ finally after accounting for all slippage and/or other losses.
Do I need to hold my liquidity position for the task for verification?
No! You can withdraw from the liquidity pool at your convenience.
Can I do this liquidity provision in multiple transactions?
No, the 25$ liquidity has to be provided in a single transaction.
I did an equivalent LP provision transaction recently before the start of Wave 5. Will that count?
No, the transaction has to be done during the wave 5 time duration.
Bonus Task 4: Review your favorite dApp of this wave on DappSheriff (make sure you used this app during this wave)
What does Bonus Task 5 in the Linea ecosystem entail?
In Bonus Task 5, participants are required to compose a review on DappSheriff, focusing on their preferred decentralized exchange (DEX) utilised within the Linea platform.
What is the XP reward for accomplishing this task?
Successfully completing this bonus task grants participants a reward of 20XP.
What are the key elements to include in the review?
The review should encompass a thorough account of your experiences using the DEX, highlighting positive features and explaining your reasons for favouring it. Note: It's not necessary to create an NFT post-review submission.
Are there particular criteria for the review content?
The review must cover at least one DEX or dApp that you have used during Linea Defi Voyage Wave 5.
Wave 5 - What is it all about?
Liquidity provision is a pivotal strategy to earn passive yield in DeFi, marking a significant growth area in Web3 Community Engagement. By depositing assets into a pool, you actively participate in protocols, enabling projects to execute crucial functions like swapping and bridging. This loyalty to the DeFi ecosystem rewards you with trading fee returns, future token unlocks, and contributes to your Web3 brand awareness.
Uniswap pioneered the DEX scene, but the landscape of liquidity provision in Web3 has evolved dramatically. Innovations like ve (3,3) pools embody the latest advancements in AMM models. These pools, central to Web3 Community Activation, allow for single-sided liquidity provision, where you deposit one asset type, aligning with the Web3 ethos of simplicity and efficiency.
However, earning yield through liquidity pools involves certain risks. Impermanent loss is a primary concern, where the pool's asset value may dip below holding value. This risk, along with market volatility and protocol complexity, underscores the importance of diversifying your investments.
Linea, at the forefront of such brand activations via web3 campaigns, integrates seamlessly into this framework. It not only facilitates liquidity provision but also leverages the security and transparency of the L2 chain.
In Wave 5, through Linea's collaboration with Intract, users engage in a comprehensive Web3 quest, depositing assets for yield, exploring innovative pool models like ve(3,3) and single-sided pools, and earning guaranteed Linea DeFi Voyage XPs ( no web3 raffle here). It's an educational journey into the Linea ecosystem and DeFi liquidity provision.