F.A.Q. about Spheroid Universe pools on Uniswap prior to Farming Start!


 

Uniswap Farming

What is Uniswap?
Uniswap is a decentralized exchange that allows you to swap one token for another in liquidity pools.

What are Uniswap liquidity pools?
Uniswap liquidity pools are smart contracts that hold a token pair. For instance, SPH and ETH, or SPH and USDT. Any market participant can add a pair of tokens to a pool that holds that token pair.

What operations can be performed in liquidity pools?Three types of operations can be conducted in pools: adding liquidity to the pool, withdrawing previously added liquidity, swapping one type of tokens for another.

How do I add liquidity?
Liquidity is added to the pool as a pair: «Token A» and «Token B». Tokens are added to the pool at the rate in effect at the time of transaction. «Token A» cannot be added to the pool without «Token B».

Why add liquidity to pools?
Uniswap charges a commission for every swap transaction in a pool. Swap commissions are shared between those who added liquidity to a pool.

Is it safe to add liquidity to the pool?Uniswap is the leading decentralized exchange, which provides liquidity protection at the protocol level.

Can someone else withdraw my liquidity after I add it?
When liquidity is added to the Uniswap pool, special ERC-20 tokens are credited to the wallet from which it was added. Only the owner of these ERC-20 tokens can withdraw the previously added liquidity.

Can I withdraw my liquidity after I add it?
Yes. Liquidity is added and withdrawn at the current rate at the time of the transaction.

Can a market participant completely withdraw one of the tokens from the pool and only leave the second one?
The Uniswap protocol protects liquidity providers from this risk: the more tokens of the same type a person wants to buy, the higher the sale price set by the Uniswap protocol.

What happens if token rate has changed since they were added to the pool?
When you withdraw your share of liquidity from the pool, the Uniswap smart-contract will return a smaller amount of one token, but a larger amount of another token at the current rate, ensuring that the withdrawn amount is equal in value to the previously added liquidity.

What is the benefit in adding liquidity to the Spheroid Universe pools on Uniswap?
When you add liquidity to the pool, you receive rewards from Uniswap. The more active the SPH market is, the more you will receive.

How is Spheroid Universe Farming related to adding SPH to liquidity pools?
Spheroid Universe will reward liquidity providers. Liquidity providers will receive additional SPH tokens (ERC-20), unique opportunities within the Expansion, gifts in the form of Spaces (NFT ERC-721) and other valuable NFTs!

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Spheroid Universe
Spheroid Universe

Spheroid Universe (SU) is a platform for developing and launching projects in Augmented Reality (AR). The platform’s technological foundation is the Spheroid AR Cloud OS and Spheroid Script programming language. Extensive monetization possibilities.


Spheroid Universe
Spheroid Universe

Spheroid Universe (SU) is a platform for developing and launching projects in Augmented Reality (AR). The platform’s technological foundation is the Spheroid AR Cloud OS and Spheroid Script programming language. SU is a technological ecosystem based on breakthrough technologies that help to connect the AR world with the real world for Gaming, Entertainment, Advertising, Education, various types of services and activities with extensive monetization possibilities for participants.

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