Rocket Pool Incentives
Learn how to stake your Gamma LP tokens for Rocket Pool (RPL) incentives.
Rocket Pool Liquidity Mining has now ended. Please stay tuned to announcements on Discord and Twitter for future reward programs.
Gamma's Rocket Pool incentive program is an internal incentive program. Creating the LP tokens and staking the LP tokens for rewards are both done on the Gamma App.
To begin, you'll need to familiarize yourself with Rocket Pool.
You'll need to acquire Rocket Pool ETH (rETH) for this incentive program. There are several ways to acquire rETH, according to this official guide:
To participate in RPL liquidity mining, you'll need to deposit into one of the qualified incentive vaults:
The incentivized vault is:
- rETH-WETH 0.05%
You can use our deposit guide below for detailed instructions on how to deposit into a vault, but we'll go over it briefly in this guide.
For this guide, we'll use a Dual-Sided deposit into the rETH-WETH vault.
To begin, go to the Gamma App and connect your wallet. The incentivized vault will be marked with lightning bolts on the APR value. Click on the rETH-WETH vault to go to the detail page.
On the detail page, you'll find information, a widget to deposit or withdraw funds, and a special widget on the bottom right to deposit LP tokens.
The logic of the deposit is simple.
- 1.Wrap ETH (may not be needed)
- 2.Approve rETH
- 3.Approve WETH
- 4.Deposit rETH and WETH
- 5.Receive LP tokens
- 6.Approve LP tokens
- 7.Stake LP tokens
After every step, the UI should indicate that you've moved on to the next one. If not, try refreshing the page.
The Gamma dashboard only shows your positions if they are LP tokens unstaked in your wallet. If you stake your LP tokens for rewards, count on your LP tokens disappearing from the dashboard. That does not mean they are gone. They are just staked in the rewards contract.
Let's start by approving funds, depositing, and acquiring LP tokens.
Going back to the main dashboard, you can see your active LP position.
Let's return to the vault detail page and stake the LP position for rewards. Once there, go to the staking widget on the bottom right.
On the staking widget, you can see your LP token balance and options regarding rewards staking.
- The Stake tab allows you to stake your LP tokens. Requires approval and deposit
- The Redeem tab allows you to withdraw your LP tokens and rewards.
- The Claim tab allows you to claim your rewards without withdrawing your LP tokens.
We're going to start with staking. Sign both the approval and deposit to stake your LP tokens.
Success! You've now deposited your LP tokens into the staking reward contract.
Reminder: Your staked LP tokens will not appear on the Gamma dashboard, nor can you dissolve the LP position until you've unstaked.
You have two options for claiming tokens:
- The Redeem tab allows you to withdraw your LP tokens and rewards.
- The Claim tab allows you to claim your rewards without withdrawing your LP tokens.
In this example, we will claim our rewards and withdraw our LP tokens using the Redeem tab. But before we do, let's check the Claim tab to see our rewards.
Looks good! Let's get started by heading to Redeem tab. Press "Max" to remove all your LP tokens from staking.
Checking Etherscan afterward, you can see that the transaction was successful. Both the LP tokens and the RPL rewards were claimed.
Once you have claimed your rewards, you can continue to provide liquidity for the vault (and earn fees) or withdraw your funds from the vault by dissolving your LP tokens.
We have a specific guide below for withdrawing a liquidity position, but we'll review it again with our current example.
To withdraw your funds, go back to the vault detail page and select the withdraw tab from the deposit widget. Note the percentages of your position, and if you choose to, proceed with withdrawing from the vault.
Success! Let's double-check it on Etherscan, as this was a complicated transaction.
- Red Box: Uncompounded fees going from Uniswap V3 to the vault
- Green Box: A portion of the fees taken from the vaultfor GAMMA holders
- Blue Box: Your LP position is being returned to you from Uniswap V3
- Yellow Box: Remainder of the fees being returned to you from the vault
- LP tokens dissolved
Congratulations! You've participated in Gamma's Rocket Pool LP program. We hope you join us for other exciting incentive programs.
Last modified 3mo ago