Depositing into a Metapool
Last updated
Last updated
Metapools is a new concept to Torah Finance, it allows a single stable coin to be pooled with all the coins in another (base) pool without diluting its liquidity. Currently, the most common base pool is the 3Pool. It uses the three most liquid stable coins (USDT-USDC-DAI).
Metapools offer several options for deposits. For example, in the [BUSD,[3Pool]] Metapool you can deposit the following:
BUSD
3Pool LP token (3trh)
When becoming a liquidity provider, you don't have to deposit all the coins, you can deposit one or several of the coins in the pool and it won't affect your returns. Depositing the coin with the smallest share in the pool will result in a small deposit bonus.
Second, once you deposit one stable coin, it gets split over the four different coins in the pool which means you now have exposure to all of them. The first checkbox (Add all coins in a balanced proportion) allows you to deposit all four coins in the same proportion they currently are in the pool.
The deposit wrapped option lets you deposit the base pool token (usually 3Pool).
If you don't want to add all your stable coins, just click the "Use maximum amount of coins available" checkbox and enter the number of coins you wish to deposit and click "Deposit and Stake".
You will then be asked to approve the Torah Finance contract, follow by a deposit transaction which will wrap your stable coins and deposit them into the pool.
After depositing in the pool, you receive liquidity provider (LP) tokens. They represent your share of ownership in the pool and you will need them to stake for Torah.
After depositing, you will be prompted with a new transaction that will deposit your LP tokens in the DAO liquidity gauge. Confirming the transaction will let you mine TRH.
Once that's done, you're providing liquidity and staking so all that's left to do is wait for your trading fees to accrue.
You can click the link below to learn how to boost your TRH rewards by locking TRH on the TRH DAO.
