Stake to Aerodrome Liquidity Pool
Adding Liquidity to $RIZ on Aerodrome
Access the Aerodrome Platform:
Navigate to Aerodrome Finance.
Connect Your Wallet:
Click on "Connect Wallet" at the top-right corner.
Choose your preferred wallet (e.g., MetaMask, WalletConnect).
Ensure your wallet is set to the Base network.
Locate the $RIZ Liquidity Pool:
In the "Liquidity" section, use the search bar to type "RIZ".
Select the desired $RIZ pair (e.g., RIZ/ETH, RIZ/USDC) from the list.
Add Liquidity:
š¹ Option 1: Adding Liquidity to a Basic (Classic) Pool
Basic pools distribute liquidity evenly across all price ranges. These are best for users who prefer a passive approach without managing price ranges.
Steps to Add Liquidity to a Basic Pool
1ļøā£ Go to the Aerodrome Finance Liquidity Page
Visit Aerodrome Finance.
Search for $RIZ and select the Basic Pool (if available).
2ļøā£ Connect Your Wallet
Click "Connect Wallet" (top right).
Select your wallet (MetaMask, WalletConnect, etc.).
Make sure you're on the Base Network.
3ļøā£ Enter the Deposit Amounts
Choose how much $RIZ and the paired token (e.g., ETH or USDC) you want to provide.
The system will auto-calculate the correct balance.
4ļøā£ Approve and Deposit
Click "Approve" for each token.
Click "Deposit" to add liquidity.
5ļøā£ Staking (Optional but Recommended)
After depositing, click "Stake Liquidity" to earn extra rewards.
6ļøā£ Managing Liquidity
You can withdraw at any time from the "Manage Liquidity" section.
Pros of Basic Pools
ā Simple & Passive ā No need to manage price ranges. ā Good for Beginners ā No impermanent loss from price shifts out of range.
š¹ Option 2: Adding Liquidity to a Concentrated Pool
Concentrated liquidity allows you to provide liquidity within a specific price range, maximizing rewards when active.
Steps to Add Liquidity to a Concentrated Pool
1ļøā£ Go to the Aerodrome Finance Liquidity Page
Visit Aerodrome Finance.
Search for $RIZ and select the Concentrated Pool.
2ļøā£ Connect Your Wallet
Click "Connect Wallet" and select your wallet.
Ensure you're on Base Network.
3ļøā£ Define the Price Range
Set the minimum and maximum price range where you want to provide liquidity.
A narrow range = higher fees but requires active management.
A wide range = less maintenance but lower earnings.
4ļøā£ Enter Deposit Amounts
Based on your price range, Aerodrome will suggest a balanced ratio of $RIZ and the paired token.
Adjust the amounts if needed.
5ļøā£ Approve and Deposit
Click "Approve" for each token.
Click "Deposit" to provide liquidity.
6ļøā£ Staking (Optional but Recommended)
Stake your LP tokens to earn additional rewards.
7ļøā£ Managing Liquidity
If the price moves out of your range, your liquidity becomes inactive.
You can manually adjust the price range or use an Automated Liquidity Manager (ALM).
Pros of Concentrated Pools
ā Higher Yield ā More fees earned in an active price range. ā Customizable ā Choose your price range for better control. ā ļø Requires Management ā If price moves out of range, liquidity must be adjusted.
š¹ Summary: Which Pool Should You Choose?
Feature
Basic Pool
Concentrated Pool
Risk Level
Lower
Higher
Yield Potential
Moderate
Higher
Price Range Control
No
Yes
Impermanent Loss
Lower
Higher if out of range
Best For
Passive LPs, Beginners
Active LPs, Advanced Users
If you want a set-and-forget method, go for the Basic Pool.
If you want higher rewards and can manage price ranges, choose the Concentrated Pool.
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