CHONK Uniswap Liquidity Pool (LP) 101

Hey Chonkies! Many of you have been asking about the liquidity pool for Chonk so you can go fishing for FISH to earn legendary NFT cards. This article will quickly walk you through exactly what you will need to have a successful fishing trip.

You gotta be quicker than that!

Fishing Overview

Fishing is Chonk’s liquidity incentive plan. Its goal is to ensure that liquidity is continuously present on Uniswap so that all chonkers can eat in peace. By staking $CHONK/$ETH $UNIV2-LP tokens on Chonk’s fishing platform, all of you fat cats out there will have the opportunity to become the proud owner of some of the rarest NFT’s (Non-Fungible Tokens) in the Chonkiverse.

Here we have some majestic Chonkers about to depart on a fishing expedition

How Uniswap Liquidity Pools Work

Uniswap liquidity pools are essentially a collection of tokens put together by various individuals which are held in smart contracts. These pooled tokens allow you to swap any token with another for its equivalent value utilizing Ethereum as a medium. For example, at the time of writing this (October 8th, 3:47 PM EST) you could swap 1 $MEME for ~22.5 $CHONK (quite the deal).

1. Click “Pool” and 2. Click “Add Liquidity”
3. Click “Select a token” and 4. Paste the contract address listed above. (Alternatively, click the bolded “HERE” to automatically complete this step).

Maximizing Your Daily Catch

In order to catch as many fish as possible (maximum of 5 fish per day) in the CHONK Main Course Liquidity Pool (LP Pool) you must deposit a minimum of 1 $UNIV2-LP tokens (which equates to 1 FISH per day). The more fish caught in the LP Pool, the closer you will be to claiming an exclusive, legendary NFT. The maximum amount of UNI V2 LP tokens is 5. (earns you 5 FISH per day)

The Chonky Details:

Website: https://www.chonker.finance/

CHONKER.Finance is an experimental gamifying NFT protocol inspired by cats. Start FISHING with $CHONK to catch exclusive NFT collectibles.

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