Flype-in
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
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