Stake LP Tokens for Rewards
Learn how to stake your Gamma LP tokens for incentives.
Last updated
Learn how to stake your Gamma LP tokens for incentives.
Last updated
Gamma's incentive programs are often internal and external incentive programs. Creating the LP tokens and staking the LP tokens for rewards are both done on the Gamma App. You may also use another interface to create and stake LP tokens if available. The programs run parallel.
To begin, you'll need to familiarize yourself with the AMM and blockchain for the incentive program you wish to participate in.
To participate in an incentive program, you'll need to deposit into one of Gamma's incentivized vaults.
You can use our deposit guide below for detailed instructions on depositing into a vault, but we'll cover it briefly in this guide.
For this guide, we'll use a Dual-Sided deposit into the WMATIC-USDC 0.0497% Narrow position on Polygon PoS.
To begin, go to the Gamma App, switch to QuickSwap, connect your wallet, and change the network to Polygon PoS. The incentivized vaults will be marked with lightning bolts on the APR value. Click on the WMATIC-USDC 0.0497% Narrow 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 stake LP tokens.
The logic of the deposit is simple.
Approve WMATIC
Approve USDC
Deposit WMATIC and USDC
Receive LP tokens
Approve LP tokens
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 for incentive 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.
You have two options for claiming incentives:
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 Quickswap 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 Polygonscan, 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 Vault for 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 an incentive program. We hope you join us for other exciting incentive programs.
