Today we were providing liquidity to the existing curve, but let's see how much it costs to add liquidity.
[DeFi] Farming interest with BTC (expected to be 89% per year)
Last time, we posted a review of supplying WBTC liquidity from the curve.
I. Prepare WBTC to add liquidity.
- We prepared WBTC because we provided WBTC liquidity to the last curve.
II. WBTC liquidity added to Curve.fi.
- Go to https://www.curve.fi/ren/deposit and click WBTC deposit & stake in gauge
The process was simple.
This time, I tried the deposit and stake process at once (click Deposit & Stake in gauge)
(Last time, I showed you two processes of stake after depositing?)
The difference is about saving time (?). The gas bill went in four times, and the step-by-step steps were the same as last time.
So there was no cost savings either. It wasn't a battle for the chock, so I paid for gas this time, not fast.
A cost of 0.04545 ETH ($18 USD) was incurred.
(Last time 0.2 ETH cost 98 dollars, right?)
The total liquidity balance added to the liquidity last time is displayed normally.
When doing WBTC deposit, when you withdraw the bonus received, a slippage is applied and spit out ^^
it is done. Supplying additional liquidity is very simple and easy, right? ^^
conclusion
- Cost is 0.045 ETH ($18)
- The cost is the same when providing liquidity for the first time or when providing additional liquidity ^^
However, it can be assumed that the cost of ETH and gas is expensive or cheap.
Today, due to the scattering of traffic with EOS DeFi and Tron DeFi, the gas cost was 4 times cheaper than last time (480 gwei >109 gwei), and the recent ETH price drop has been added to make it look cheap.
This concludes the supply of additional fluidity from the curve.