Quick Start for New Liquidity Providers (LPs)
[TODO: visuals/videos to be added once UWP is launched]
- Connect your wallet Use MetaMask, Coinbase Wallet, WalletConnect, Ledger (via MetaMask), or Trezor (via MetaMask).
- Acquire assets
Chain | TELx Supported Assets | Gas Token |
|---|---|---|
Polygon | TEL, WETH, eUSD, eMXN | POL |
Ethereum | TEL, ETH, eUSD | ETH |
Base | TEL, ETH, eUSD | ETH |
Learn more about Swaps here: [TODO: Link to Swap page]
- Add liquidity Choose a TELx pool on Polygon, Base, or Ethereum.
You can add liquidity in two ways:
- Add Liquidity on TELx — Adds liquidity directly inside TELx and auto-subscribes your position.
- Add Liquidity on Uniswap — Opens the Uniswap UI. You must return to TELx and subscribe your NFT afterward.
Choose a pool here: [TODO: Link to Pools Page]
- Select your range Choose a price range for your position. You can choose from a full range position (0 to infinity), +/- 25%, +/- 10%, +/- 5% or create your own custom range. Note: Narrower ranges earn more fees but carry higher impermanent loss risk.
Learn more about Impermanent Loss here: [TODO: Link to Impermanent Loss Details]
- Subscribe your position Subscribed positions earn Merkl-managed rewards. Liquidity Providers (LPs) with subscribed positions are referred to as Liquidity Miners throughout the broader Telcoin Ecosystem.
- Earn fees + rewards You earn swap fees continuously and Merkl-managed rewards each time a new reward root is published.
Review your portfolio of positions here: [TODO: Link to Portfolio page]
Learn more about Merkl-managed Rewards here: [TODO: Link to Merkl Rewards section]