User Guide for Liquidity Mining on InsurAce

InsurAce will start to support Liquidity Mining for INSUR-USDC liquidity providers on Uniswap. Here is the User Guide on how to earn rewards through Liquidity Mining.

Step 1: Launch InsurAce App and connect your wallet

(1) Launch the App

  • Visit InsurAce Homepage, then click Launch APP in the middle.
  • The page will be redirected to InsurAce App.

(2) Connect your wallet

  • Click Connect Wallet on the right upper corner
  • Select the wallet you would like to connect. Currently, we only support MetaMask and WalletConnect.
  • Once successfully connected, your wallet address will be displayed in the right upper corner and do note to switch the network to mainnet in your wallet.

Step 2: Select Liquidity Mining Pool

  • Click Staking on Home Page and then navigate to Liquidity Mining page.
  • Select the liquidity mining pool. We currently support INSUR-USDC pair on Uniswap.

Step 3: Provide liquidity on Uniswap V2

If you have already gotten LP tokens, please jump to Step 4, else please add liquidity on Uniswap first.

  • Click Open Uniswap Pool to enter the Uniswap pool.
  • Click Approve INSUR, followed by Approve USDC to approve Uniswap to use your token.
  • Enter the amount of INSUR or USDC you wish to provide to the liquidity pool. Then click Supply.
  • Click Confirm Supply
  • Once you successfully supplied the liquidity then you will receive the corresponding amount of LP tokens. Click Add UNI-V2 to MetaMask to add and display the LP tokens in your MetaMask Wallet.

Now you can go back to our Liquidity Mining page to stake your LP tokens.

Step 4: Stake LP tokens

  • Once entering the liquidity mining pool, click Stake
  • Enter the amount of LP tokens you wish to stake.
  • Tick the check box if you have understood the risks involved. Then click Unlock.
  • Click Confirm to complete the staking.

Step 5: Unstake LP tokens

  • On the liquidity mining pool page, select Unstake to unstake your LP tokens.
  • Enter the amount and click Confirm
  • Once done, your unstake amount will be shown under Pending Withdraw Amount. After the 5mins lock-up period, it will be shown under Withdrawable Amount and then you can click Withdraw to get the LP tokens back to your wallet.
  • Enter the amount and click confirm

Congratulations! You can now check your LP tokens in your wallet.

Step 6: Harvest

The rewards for the staking will be INSUR tokens calculated at a per-block level according to the per-block reward configured. The rewards can be unlocked any time, but subject to per-block linear vesting over 15 days.

  • View your rewards via Dashboard > My Rewards
  • You need to unlock the reward before harvesting. Click Unlock.
  • Click Confirm
  • Once done, your unlocked rewards will be added to Total Reward under the Reward Vesting area. You can also check the Remaining vesting time, Remaining Reward, and Withdrawal Reward on this page. Click Harvest to get your reward.
  • Enter the amount and click Confirm

Congratulations! You can now check your wallet for the rewards.


Join Our Community

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top