After liquid staking your assets on Stride and obtaining stTokens, you may wish to utilize them within the Defi ecosystem.
Astroport is a decentralized Automated Market Maker (AMM) platform that enables non-custodial swaps. Users, including liquidity providers (LPs), can access various pool types within a single AMM system, allowing for permissionless token trading. Recently, Astroport introduced permissionless incentives for liquidity pools, simplifying the process for users to contribute incentives to pools of their choice.
Several of Stride’s LSTs, including stTIA and stDYDX, are listed on Astroport as assets eligible for providing liquidity.
This guide provides instructions for adding liquidity to the pools on Neutron’s Astroport using stTIA, which currently qualifies for Stride’s airdrop. More details about the airdrop to stTIA holders can be found here.
- Transfer funds from Stride to the Neutron blockchain
- One of the simple and proven bridges is https://ibc.fun/, allowing you to send direct IBC transfers across chains (and swap tokens as needed).
- Connect your wallet.
- You will have the option to provide liquidity using either one or two assets, so in case you wish to provide double sided liquidity, you can bring both TIA and stTIA to the Neutron chain. In this case, you can start by sending TIA to Neutron. Select the TIA from the token dropdown and the chain it is located on. This wallet happens to have TIA tokens in the Osmosis network.
- Once the transaction has been approved in your wallet and succeeded, you can verify the location of your TIA tokens on the Neutron chain in your wallet browser extension.
- Follow the same procedure for moving your stTIA to the Neutron chain. If you just liquid staked TIA on Stride, your stTIA tokens will be on the Stride chain. This wallet happens to have moved them to the Osmosis chain, so this example will show moving stTIA from the Osmosis chain to Neutron (the process is exactly the same).
Note: You will need to have a few STRD tokens to pay gas fees. It is advisable to have at least 0.5 NTRN tokens in your wallet for future payment of fees when transacting directly on Astroport.
- Navigating Astroport and Providing Liquidity
- Visit https://neutron.astroport.fi/pools and connect your wallet. In the top right corner, you will see the network showing “Neutron” - leave this as is. We will use a Keplr wallet for the duration of this guide.
- In the search tab, enter stDYDX and select the pool you wish to provide liquidity for. Select the “Add Liquidity” button.
- In the search tab, enter stTIA and select the pool select the pool you wish to provide liquidity for. Select the “Add Liquidity” button.
- When you go to the pool, you can choose 1 of 2 options:
- Double sided - his means you would provide liquidity using both DYDX and stDYDX to each side of the pool
- One sided - this means you will add just one asset, for example stDYDX only, to the liquidity pool
You can also adjust the slippage at this time.
One sided liquidity:
Toggle between the two assets in the pool. Select the asset you wish to LP (to be eligible for the Stride airdrop via your Astroport position, you will need to select stTIA for this).
Double sided liquidity:
Adjust the amount you wish to add to the liquidity pool. The second asset in the pair will be adjusted automatically as it balances. Click “Add Liquidity” and complete the transaction in your wallet.
Confirm and pay the commission. To complete the transaction, you will need a small positive balance of NTRN on chain so that you may pay for gas fees. However, there is the option to change the commission fee token and use a different available token instead.
After a successful transaction, on the pools page in the My pools position, we see that our contribution is displayed. By clicking on the Manage button, you will see the options to provide more to, withdraw from, or incentivize the pool.
Congratulations! Now your stTIA funds have been successfully added to the liquidity pool on Astroport, and you are now eligible to receive rewards from the Stride airdrop.
