Start here Why Flype?Less divergence Loss IMMath

Vaults
Liquidity Exchange
IMM
Resources

Powered by GitBook

On this page

What are we trying to solve?
Flype-in

Was this helpful?

Liquidity Exchange

Flype-in

PreviousFlype-between NextFlype-out

Last updated 2 years ago

Was this helpful?

What are we trying to solve?

In order to provide liquidity to the DAI/USDC pool on Uniswap, you will have to go through the following steps:

Approve Uniswap to expand your USDC
Swap ETH tokens to USDC
Approve Uniswap to expand your DAI
Swap ETH tokens to DAI
Deposit the USDC + DAI into the USDC/DAI pool in a 50/50 ratio

Flype-in

With Flype all you have to do is easily swap ETH for DAI/USDC-LP tokens, by doing that you're seamlessly adding liquidity the DAI/USDC pool.

The following behind-the-scenes actions are executed by the Flype Protocol on the DAI/USDC-LP/ETH pool:

Calculating the Oracle market value of the DAI/USC-LP tokens
Fetching the Oracle market price of ETH
Calculating the DAI/USC-LP/ETH exchange rate using Flype's IMM mechansim.
Adding ETH to the DAI/USC-LP/ETH Pool
Transferring the equivalent DAI/USC-LP tokens value in US Dollar terms from the pool to your wallet