In this step-by-step guide, you will learn how to bridge assets to Rootstock network, make a swap, and LP on Rootstock via Sushi v2 & v3 AMM.
There are a few ways to bridge from Ethereum Mainnet to Rootstock. If you are starting from scratch, we recommend Symbiosis to get some RBTC to start. If you already have gas tokens like RBTC in your wallet, you can use the native RSK bridge with Ethereum.
Approve the use of the token in your wallet and follow the prompt on Metamask to submit the transaction.
You should be able to find the RBTC in your Metamask on the Rootstock network.
Navigate to the Sushi interface by visiting Sushi.
Use a Web3 wallet, such as MetaMask, and connect by following the prompt.
Switch from the default or current network to Rootstock in the network selection area. Ensure your wallet is connected.
Choose the tokens you wish to swap. Click on the token list to see more options in the dropdown menu. Select the tokens you want to swap from and to.
Input the number of tokens you want to swap. Click “Swap” to proceed.
Confirm the details of the Swap and follow the instructions. You will have to approve the tokens you want to swap, follow the wallet instructions and click “Approve”.
Click “Swap” to initiate the transaction, then click “Confirm” in your wallet interface to execute the swap. Upon successful transaction, you've effectively swapped tokens on Rootstock.
Navigate to the Sushi Pools interface by visiting Sushi Pools.
Connect your wallet and change the network settings to Rootstock if you haven’t already done so.
Choose a liquidity pool you're interested in LPing, for example, RBTC/ rUSDT
Determine the price range within which you're willing to provide liquidity. There are two ways to do this:
a. Adjust the price range bar to set the minimum and maximum price.
b. Enter specific values into the designated boxes.
Note: Remember that a narrower price range can result in higher fee collection but also increase the risk of being out of range and not earning any fees. Opting for the full range is equivalent to the classic v2, with no concentrated liquidity.
5. Provide Liquidity Amount
Enter the amount for one token in the pair. The protocol will populate the other token. If one token exceeds the amount, try inputting the other one first. Just like swapping, you need to approve the spending cap for the tokens. Click “Approve (TKN)” and approve the tokens one by one on your wallet.
7. Review & Confirm
Follow the instructions on the UI. Click “Preview”, then “Add Liquidity”. Confirm the transactions in your wallet.
After adding liquidity, you can manage your position by selecting “My position” under the Pools UI. This allows you to adjust or remove your liquidity as needed.
Head over to the Sushi app and select Enter App in the upper right corner. Next, make sure your wallet is connected and select the Pools tab on the upper left corner of the screen to be brought to the pools page.
There are 2 entry points:
#1 Once on the Pools page, click on the drop-down menu at the end of "I want to create a position" to see both V3 Position and V2 Position. Select V2 Position. This will bring you to the Add Liquidity page, where you can provide liquidity to an existing pool, or you can choose to create a new pool.
#2 Choose Rootstock Network. Select Rootstock on the network and choose v2 under “Type” then select a token pair.
Depending on which entry point you use, you will see a slightly different UI. But both will show you the token pair.
Note: Both tokens will automatically represent a 50/50 balance, so make sure you have enough tokens of each in your wallet. Also, ensure your wallet is on the same network as the network you are providing liquidity to.
Approve the tokens on your wallet.
Add liquidity and confirm on your wallet.
You can see your position on the pool page.
Important Links
Symbiosis: https://symbiosis.finance/
Sushi Swap: https://www.sushi.com/swap
Sushi Pools: https://www.sushi.com/pool
Full Sushi v3 Tutorial: https://www.sushi.com/blog/how-to-v3