How do I acquire 1inch ETH-USDT LP tokens?

1Inch ETH-USDT LP Guide

Follow these steps to acquire the 1Inch ETH-USDT LP token. You will need a wallet, such as MetaMask and some ETH. You can get ETH-USDT LP at 1inch.exchange

  1. Navigate to 1inch.exchange, connect your wallet and login.

  2. If you have only ETH, swap some ETH for USDT

  3. You need to provide liquidity using equal parts of ETH and USDT

  4. Select Liquidity and add equal parts ETH and USDT

  5. Receive ETH-USDT LP tokens.

  6. Navigate to Force DAO dashboard.

  7. Authorize Deposit, Deposit ETH-USDT LP, receive xETH-USDT LP, Authorize Stake, and finally Stake xETH-USDT LP tokens.

1. Navigate to 1inch.exchange

Navigate to 1inch.exchange choose your network and connect your wallet.

2. The process of creating an ETH-USDT LP

Once you have connected your wallet, click on "DAO" in the header of the website - highlighted in the image below.

Once you have clicked DAO, you will be taken you a new page, and on the left hand side of the screen you need to select ‘Pools’

Once you have selected Pools, search for the ETH USDT Pair and select the + button to provide liquidity

If you already have both ETH and USDT, you can skip the next section, if you have only ETH you need to convert some ETH to USDT. This needs to be completed on the Exchange tab. There are a couple of steps that will be involved:

  1. Approve ETH for usage on 1inch

  2. Swap ETH for USDT

Once you have decided how much ETH to swap for USDT, click Swap token. At that point, MetaMask will ask you to confirm the transaction, as per below.

Congratulations! You now have both ETH and USDT which will enable you to create an ETH-USDT LP. Now you need to move to the DAO and Pool tab again.

To create an ETH-USDT LP, choose ETH or USDT from the top drop down that says Select Token and USDT or ETH from the lower drop down so that it looks like this image and choose the total USD value you want, we choose $1.

To create an LP, you will need equal parts of both assets. 1inch will work this out for you.

3. Approvals

As you may be a new user to 1inch, you will need to approve or ‘unlock’ your USDT, this is a one time activity and once it's approved you should not have to approve again.

4. Supply your Assets to Create ETH-USDT LP

You are now ready to supply your equal parts of ETH and USDT to create an ETH-USDT LP.

Once your supply is confirmed, you’ve made an ETH-USDT LP, for the next steps..

5. Navigate to Force DAO dashboard

Navigate to Force dashboard and select the 1inch ETH-USDT strategy

6. Authorize Deposit, Deposit ETH-USDT, receive xETH-USDT, Authorize Stake, and Stake xETH-USDT tokens

Now that you are ready to place your ETH-USDT LP into the vault, there are a few steps to finalize your position. Each token in your wallet must first be authorized to be deposited into the vault, followed by depositing. After the token is deposited into the vault, once again authorization is needed to stake these tokens. When authorization is completed, the last step is stake your xLP and begin earning yield!