This is a walkthrough on how to provide liquidity for MIMO:ETH via Balancer whilst earning boosted rewards from our Aura Gauge.
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Note 1: This tutorial also works for paUSD, wUSK, PAR and wFRK pools.
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Note 2: You’ll have to pay gas fees for all the transactions, on Ethereum, you’ll need to have some ETH, on Polygon PoS, you’ll need some MATIC to pay the transaction fee.
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Note 3: If you want to bridge $MIMO from/to Ethereum <> Polygon, go over here.
Obtaining MIMO:ETH BPT
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Navigate to the MIMO:ETH Pool on Balancer
On Ethereum mainnet, follow this link and for Polygon PoS this one.
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Deposit $MIMO and $ETH to redeem MIMO:ETH Balancer Pool Tokens (BPT)
Enter the amount of $MIMO and $ETH you would like to deposit.
Staking MIMO:ETH BPT on Aura
Whilst you can stake MIMO:ETH BPT on Balancer for rewards, the MimoDAO are using voting power to the MIMO:ETH gauge on Aura to boost LP rewards that stake BPT via their platform. The remainder of the walkthrough will show you how to stake your BPT on Aura.
Note that this walkthrough assumes you have already obtained MIMO:ETH BPT via the section above. Alternatively, you can deposit $MIMO or $ETH directly and earn boosted LP rewards.
1. Navigate to the MIMO:ETH Pool on Aura
Go to Aura Finance’s home page and search for “MIMO”.
2. Deposit your MIMO:ETH BPT
Enter the amount of MIMO:ETH BPT you would like to deposit.
Congratulations, you have now provided liquidity for MIMO:ETH on Aura and will begin receiving boosted rewards!
Rewards are distributed block by block, it means that every few secondes, rewards are accumulating in the “claim” tab of the Aura Finance App.
This tutorial also works for paUSD and PAR pools.
The paUSD/wUSK/USDC Balancer pool on Ethereum can be found here and the PAR/jEUR pool on Polygon PoS can be found here.