Providing Liquidity on Junoswap
If you already have some $JUNO and a Keplr wallet setup you can skip to the second part.
This guide assumes you already have Keplr Wallet installed and a Juno wallet created. If you do not please use this
Step 1: First thing you need is some sort of Cosmos IBC Enabled coin. I find $ATOM is the easiest asset to acquire as it’s available on many DEXs
Step 2: Once you have some $ATOM or other IBC enabled coin on an exchange the next step is sending it to a wallet. Right now the wallet to use is called Keplr and available as a browser extension on a computer. You can find it in the Chrome webstore or their official website https://www.keplr.app/
Step 3: Once Keplr is installed it will give you some options like below. You want to choose Create New Account.
Step 4: This is one of the most critical steps. Your mnemonic seed is the key to your wallet. If someone else knows your seed phrase they can steal everything out of your wallet. NEVER SHARE IT WITH ANYONE. SERIOUSLY MAKE SURE YOU NEVER SHARE IT WITH ANYONE. It is best practice to write it down on a piece of paper and lock it up in a safe. I also will format a USB drive and put all of my seed phrases into a file and encrypt it in a password protected zip file and then encrypt the drive with a different password and store it somewhere safe. The account name can be anything you so desire. For this guide I am creating a new wallet that I will never put funds into.
Step 5:On the next page you will have to correctly arrange your seed phrase. Once you do that you will get a success message.
Step 6: You will now need to click the Keplr Extension in chrome to see your wallet and get the address to send your funds to. Click on Deposit if you want a QR code or click on your address to copy to clipboard. On the exchange you are using you will want to send/export your $ATOM and paste in the address you copied or scan the QR code. If sending from a CEX you don’t have to worry about memo. Refresh Keplr and you should see some $ATOM
PART 2
Step 1:You are now ready to access JunoSwap and provide liquidity. Go to https://junoswap.com/ in chrome.
Step 2: Click on Connect Keplr in the upper left of the screen. Keplr will pop up some prompts to connect to Junoswap. Approve these as they pop up. Once it’s connected you’ll see this
Step 3: You are ready to import the $ATOM in your keplr wallet. Navigate to the Transfer Tab
Step 4: If you sent $ATOM then click on the Deposit next to ATOM. If you used another coin as your onramp click on deposit next to it.
Step 5: Approve the Keplr popup requesting to connect to your account on cosmoshub-4
Step 6: Input how much $ATOM you want to deposit on Junoswap to provide liquidity. If you are planning on sending all your $ATOM you will want to save .01 in your wallet at least to cover any future transactions. Once you’ve inputted how much $ATOM you want to deposit click on Transfer and you’ll get a Keplr pop up asking to approve the transaction. Click on approve and wait for it to succeed.
Step 7: You are now almost there. You will not have any $JUNO at first which is necessary to make any transactions on JunoSwap. A validator called Stakely has setup a faucet where you can get a small amount of $JUNO for free. By going to https://stakely.io/faucet/juno For this you will need to fill out a capatcha and post a tweet
You can also use Osmosis which has 0 fees currently and deposit $ATOM there following a similar process. You would swap the $ATOM for $JUNO and export from Osmosis to the Juno network. That may be another short guide to explain in more detail.
Step 8: On JunoSwap go to the liquidity tab and find a pool you want to deposit to. Most pools will have the JunoSwap token $RAW as a LP mining reward. A few pools will also offer $JUNO as a secondary reward. These are
$JUNO/$ATOM
$JUNO/$UST
$JUNO/$RAW.
Step 9: As of today the $JUNO/$RAW pool isn’t live as $RAW hasn’t been released yet. I’m going to use $JUNO/$ATOM as an example for providing liquidity. You can follow the same steps for other pools.
Still Step 9: Go to the # Swap tab of Junoswap
Step 10: The pools are split 50/50. In this case you could choose to swap $ATOM to $JUNO and click on 1/2. Then click Swap
Step 11: You will get another Keplr popup, this time the fee will be in $JUNO. This is why you need to use the faucet because you can’t make the initial swap without any $JUNO.
Step 12: In 5–30 seconds you’ll see a message saying swap successful. Go back to the liquidity tab and click on the $JUNO/$ATOM pool
Step 13: Click on Add Liqudiity +
Step 14: Choose how much you want to add. I find it’s best to keep about .05 $JUNO at least to pay other TX fees.
Step 14 continued: You will get one more popup from Keplr to approve. Approve this and you should see the Available liquidity show how much in $ your LP is worth and can also see how much of each asset you have.
Step 16 & beyond: LP rewards aren’t live yet and you can’t stake LP tokens. Once LP rewards go live you can stake your LP tokens and qualify for $RAW rewards and $JUNO if you put liquidity in one of the qualifying pools.
Step Infinity. Sit back and watch the rewards pour in over time because you did it!!
