Those who are providing liquidity for wLEO on Uniswap are also collecting trading fees...
While most are focused on the 300k LEO bounty being offered by the leofinance team, there is also another way you can earn from providing liquidity to the wLEO pool on Uniswap...
And that's from the trading activity that takes place within the pool.
As a liquidity provider you will collect a portion of all the trading that takes place within the pool.
The fee is .3% and divided amongst all the liquidity providers.
While that may not amount to much currently, if there is ever a decent amount of trading activity in the pool, LPs stand to make a nice return.
Ok, so how does impact me?
Well, as mentioned above, if you are an LP for the wLEO pool, you are also likely collecting some of the trading fees as well.
In order to see your portion go ahead and click on the accounts tab on uniswap show below with the first red arrow on the left...
(Source: https://uniswap.info/accounts)
And then go ahead and type your ethereum wallet address in the blank that the second red line is pointing to above.
If you are using metamask like the vast majority seem to be, just simply open the metamask extension and then copy and paste the wallet address right into that blank.
From there, it will show you the total liquidity you are providing, to which pools, and how much you have earned as an LP.
Mine looks like this for wLEO:
(Source: https://uniswap.info/account/0x28bbEdfD973599E2dCC368E63A613D4Fb0D9A410)
My earnings thus far...
So far I have accumulated about $3.50 from trading fees for the the roughly $5k liquidity I have provided over the last several days.
It's not going to make me rich, but hey, it's free money on top of the portion of the 300k LEO bounty I will also be receiving roughly every two weeks for 90 days.
And if the trading activity picks up the amount earned via fees will go up as well.
The total liquidity in the pool is now roughly $230k.
I suspect that number will continue to climb as more LEO power downs come in as well as when part of the 300k LEO bounty gets paid out and people inject it right back into the pool.
Stay informed my friends.
-Doc