BoringDAO🌀
  • Welcome to BoringDAO
  • Getting Started
  • 🌀Product
  • How does oPortal work?
    • oPortal USDT LP Token Contract
    • oPortal FAQs (for users)
    • oPortal FAQs (for devs)
  • How does oToken Tunnel work?
    • $oBTC Contract
  • How does Satellite City work?
  • 📚Boring Economy
    • Intruduction of $BORING
    • $BORING Distribution
    • $BORING Emission
  • 📋Governance & DAO
  • Snapshot
  • Boring Forum
  • 📖Tutorials
    • How to move your $BORING from ETH to other chains
    • How to Split 1 $BOR into 10,000 $BORING?
    • How to use oPortal to transfer stablecoins to other chains?
    • How to provide liquidity for oPortal?
    • How to convert $BORING to $eBORING to earn more APY?
    • (BORING, BORING) FAQs
  • 🥳Others
    • App Website
    • Social
    • Code Audit Reports
    • Contract Addresses
      • $BORING Token Contract
      • $USDT Token Contract
      • $USDC Token Contract
      • $ETH Token Contract
      • Other
    • Analyzing Tools
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  1. 📖Tutorials

How to provide liquidity for oPortal?

PreviousHow to use oPortal to transfer stablecoins to other chains?NextHow to convert $BORING to $eBORING to earn more APY?

Last updated 3 years ago

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1. Click "Add liquidity" on oPortal →

Make sure you have connected to the chain that you want to deposit assets from.

2. Select the asset you want to deposit;

3. Enter the amount of liquidity you would like to supply;

4. Click "Approve" → "Confirm";

5. Once you successfully provided the liquidity, you will receive oToken on the Relay Chain (Polygon) and you can choose to "Add", "Remove", or "Farm" on the Dashboard.

Please note that Extra Bonus is available when depositing to chains with less than 500K USD remaining liquidity. For chains with less than 100K USDT in liquidity, we will offer a 0.5% extra bonus; for chains with less than 500K USD in liquidity, we will offer a 0.15% extra bonus.

The “Add Liquidity” page displays a bonus calculator to show you the estimated bonus rewards for every single chain upon current liquidity condition. So after you choose the specific asset you want to add, liquidity and estimated bonus will be shown for each chain individually on the bottom of the page.

When removing liquidity, a transaction fee will be charged based on the liquidity condition of the destination chain (high liquidity - 0.05%, medium liquidity - 0.3%, low liquidity - 1%).

How does oPortal provide yield farm without Impermanent Loss?

1. How does oPortal generate income for liquidity providers? The bridge charges a certain amount of the cross-chain amount for each transaction, depending on the remaining liquidity on the destination chain. All revenues generated will go directly to the treasury, 50% of which will be used as rewards for the oToken pool, and the rest will be used to burn $BORING.

2. There is no Impermanent loss for liquidity providers as there is no AMM involved. Only one kind of asset will be in the pool, such as $USDT.

Read more →

https://theboringdao.medium.com/boringdao-oportal-v2-1-is-live-c2bed6803850
https://oportal.boringdao.com/twoway?tab=1
Add Liquidity Dashboard
Add Liquidity
Bonus Calculator