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How to Take Advantage of Origin Ether’s Integration With Uniswap

July 10, 2023
How to use Uniswap with OETH

How to Use OETH With Uniswap 

Origin Ether is disrupting the LST space with a cutting-edge mechanics that enable holders to stack ETH faster.

OETH has garnered over 30,000 ETH in TVL thanks to meticulous strategies that maximize yield generation without sacrificing usability. OETH is now also available to trade via Uniswap – offering users more ways to benefit from one of the space’s leading liquid staking tokens.

What Is Uniswap?

Launched in 2018, Uniswap holds the title of the first, and largest, decentralized Automated Market Maker (AMM). The open source protocol continues to form a core component of Web3, allowing anyone to create and deploy new tokens for trade. 

The decentralized exchange currently holds $5.5B+ in total value locked (TVL), with daily volume regularly exceeding $1B. In contrast to centralized exchanges, Uniswap allows anyone to provide liquidity for token pairs and be rewarded with a share of pool fees for their contribution. 

How to Use OETH With Uniswap

Using an AMM is far more straightforward than may appear at first glance. Follow the steps below to acquire OETH via Uniswap.

Step 1: Download a Web3 software wallet

In order to access Uniswap, you’ll need a compatible Web3 software wallet. Metamask is the most prominent wallet at present. Simply visit metamask.io to create a new wallet. Metamask is available as a chrome extension and mobile app for both iOS and Android. 

Follow the prompts and take care to store your recovery phrase in a safe place – this phrase is the only way to recover access to your wallet should you lose it.

Step 2: Fund your wallet

Once installed, you’ll be greeted by your wallet’s landing screen. Select the “Buy” button to purchase ETH using fiat. Alternatively, you can transfer ETH or ERC20 tokens to your new wallet if you already own some.

Landing page of Metamask wallet

After selecting your region and payment method, purchase your desired amount of OETH. This ETH will be used to buy OETH and pay for transaction costs (gas).

Buy ETH with fiat via Metamask

Step 3: Access Uniswap

Visit app.uniswap.org and select Connect Wallet to start trading.

Uniswap app landing portal

Input OETH’s token contract address under the Select Token dropdown and confirm selection.

Check carefully that you’ve input the correct address: 0x856c4Efb76C1D1AE02e20CEB03A2A6a08b0b8dC3

Enter a custom token address to find OETH

Step 4: Execute your transaction

Enter the amount of ETH you’d like to spend in order to get a quote. Hit “Swap” to initiate the purchase. Make sure you have enough ETH to cover gas for the swap.

Metamask will request confirmation for this trade. Approve the popups and wait for the transaction to finalize.

You’re now a proud owner of OETH!  As a relatively new token, OETH may not automatically reflect in your Metamask wallet. If this is the case, select “import tokens” at the bottom of the wallet’s landing screen.

Next, paste the OETH token contract address into the relevant field and Metamask should generate the symbol and decimals. 

Add OETH to metamask

Once you’ve confirmed the details, your OETH holdings should be visible on the landing screen.

Other Ways to Leverage Uniswap

OETH currently has two active trading pairs on Uniswap – OETH/WETH, and OETH/OGV

In addition to traditional trading on Uniswap, users can provide liquidity to these pools in exchange for a share of trading fees. This can be done via app.uniswap.org/#/pool.

Liquidity Provision (LP) is a popular investment strategy in DeFi that carries unique mechanics and risks. Before attempting to provide liquidity to a token pair, make sure to thoroughly research Uniswap’s LP guide.

Add Liquidity to a Uniswap Pool

Origin Ether: Available Across DeFi

OETH has been developed with an express focus on accessibility and seamless usability. The protocol allows users to enjoy outsized ETH yields without locking up capital or needing to manually compound funds. 

This integration provides even more avenues for users to transact OETH and put their idle funds to work. 

Origin Ether is proudly partnered with some of DeFi’s most robust platforms. Discover how the rest of the OETH ecosystem can benefit you – oeth.com/ecosystem.

Mint OETH directly via app.oeth.com

Yasthiel Devraj
Yasthiel Devraj
Origin
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