My new life as a Liquidity Provider - first look at Uniswap and WHIVE

I have been watching with interest the progress of WHIVE and opening up the new possibilities this offers HIVE. Today, I decided to dive down the rabbit hole and get involved. Having no idea how, and having never used Uniswap before, I read a few posts and tried to get my head around it.

_{Image source: [Pixabay](https://pixabay.com/photos/water-liquid-colorful-shimmer-2437729/)}

First step - get some WHIVE.

I reinstalled my dusty old metamask account that I haven't used for ages. (in crypto land I think ages means over a year...)
I had some HIVE in my account I had planned other things for, but have used for this instead.
I visited the WHIVE website
I turned my HIVE into WHIVE (a bit over 400)
To learn more about this process see this post from @fbslo

Step two - visit Uniswap

I stumbled around for a bit before I managed to link my metamask to uniswap. Can't remember how I did it in the end, so can't show how to here.
I then stumbled around trying to add liquidity, but the dumb interface kept asking me to use a list. Couldn't find WHIVE. Lost...

_{I kept clicking the "Select a Token" button and it kept taking me to some Lists function - none of which had WHIVE. Could not understand how this works...}

Come back to Peakd and search for more WHIVE posts.
Find this post from @lordbutterfly and read in the comments about https://uniswap.info/account/ - thank you @brianoflondon
Stumbled around for a bit more and then figured out how to add liquidity. There is a helpful little "Add Liquidity" tab on the info page for the WHIVE-ETH pair

Need a matching amount of ETH.

I realise that at this point, to become a proud Liquidity Provider I need to have a matching amount of ETH - to the value of my new WHIVE.
I scrounge around and gather some ETH up.
I buy a little more from Coinbase (ugg - It's still my easiest and quickest fiat onramp)
I gather it all together in my Metamask.

Ready.

Liquidity is provided.

It worked - 0.15 ETH and 230 WHIVE, added by me to the Liquidity Pool.
I had more WHIVE, so figured i'd swap some to ETH so I could add it also.
Worked out how to do it, and swapped some WHIVE for ETH (which uniswap did via DAI for reasons unknown to me???)
Made a second deposit into the LP of 0.04 ETH and 63 WHIVE

So, I have no idea how much (if any) fees I will receive for contributing to the WHIVE-ETH LP. My share at the moment is currently 0.19 ETH and 300ish WHIVE.

My new life as an Liquidity Provider has begun.

Cheers,

JK.

Posted Using LeoFinance