How to rollover your liquidity from the expiring crv3crypto term to the current crv3crypto term
The crv3crypto term that went live on August 12, 2021, has expired!
The crv3crypto term that went live on August 12, 2021, has expired!
Follow the tutorial below and learn how to rollover your liquidity to the current crv3crypto term live on Element!
1. Remove liquidity and redeem your underlying tokens
- For LPs: you will first have to remove your liquidity and then redeem your underlying tokens when a term ends.
- For Principal Tokens (PT) holders: you will only need to redeem your underlying tokens.
1.1. Remove liquidity if you’re an LP
- Head to the Pools tab, scroll down to the crv3crypto term that ended today, Nov 12, and click on “LP”.
2. Click on “Remove LP,” then click on MAX, and, finally, click on “Remove liquidity”, at the bottom of the screen.
1.2. Redeem your underlying tokens if you’re an LP or a PT holder
Click on the “Portfolio” tab, and redeem your crv3crypto PTs and/or YTs for the underlying crv3crypto by clicking on redeem.
After redeeming your tokens, you will have two options when rolling over to the current crv3crypto term
Mint and LP
If you choose this option, you will be exposed to variable rates while LPing.
- Go to the “Mint & LP” tab on Element, scroll to the crv3crypto vault ending on Apr 29, 2022, and click on “Show”. Input the number of crv3crypto tokens you wish to deposit. Click on “Mint Tokens”.
2. Click on “LP for additional yield” and then enter the number of PT and YT that you want to deposit. Click on “Add liquidity,” and that’s it! Your rollover will be complete!
Note: Remember that to LP, you will need to supply some of the base assets.
Buy Principal Tokens
If you choose this option, you will be exposed to fixed rates while LPing.
- Head over to the Pools tab on Element, scroll to the crv3crypto — ePyvcrv3crypto ending on Apr 29, 2022, and click on LP.
2. Go to the Pool Actions section, click on the “Buy” option, insert the number of crv3crypto tokens that you wish to deposit, and click on buy to get your Principal Tokens (ePyvrv3crypto).
Note: Remember that to LP, you will need to supply some crv3crypto, so don’t buy the MAX available if you don’t have extra crv3crypto to provide liquidity.
3. Click on the Add LP section and enter your ePyvcrv3crypto tokens and some base assets (crv3crypto).
4. Approve the transaction, and that’s it! You’ll be now providing liquidity for the current crv3crypto term.
Concerns or questions?
If you have any doubts, questions, or feedback regarding liquidity rollover, please don’t hesitate to reach out!
Feel free to ping us in our #questions channel on our Discord server, and we will get back to you to clarify any doubts you might have!
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