UNDERSTANDING KERNELDAO ECOSYSTEM
TUTORIAL: Ready to get Started with KernelDAO's Kelp LRT ? Here's a step by step Guide on how to navigate the process
INTRODUCTION
Welcome to KernelDAO's Kelp LRT tutorial...! Right here in this step-by-step guide, we'll show and educate you on the process of using Kelp, a liquidity provision solution that is within the KernelDAO ecosystem.
🌴STEP 1: GETTING STARTED
➡️ Visit the KernelDAO website on your mobile device or computer💻and navigate to the Kelp LRT section.
➡️ Click on the "Get Started" or "Connect
Wallet" to begin.
🌴STEP 2: CONNECTING YOUR WALLET
➡️ Choose/select your preferred wallet (e.g MetaMask, Trust Wallet, Rabbit etc) then click to connect it to the KernelDAO platform.
➡️ Affirm/verify you have sufficient funds in the wallet of your choosing
🌴STEP 3: PROVIDING LIQUIDITY
➡️ Select the asset you want to provide liquidity for (e.g USD1, ETH, USDT).
➡️Input any amount you wish to provide liquidity for then proceed to review the terms.
➡️Confirm the transaction and wait for it to be processed
🌴STEP 4: EARNING REWARDS
➡️Immediately your liquidity is provided, you automatically begin earning rewards in form of $KERNEL tokens.
➡️Cross-check your rewards and make adjustments in your
Liquidity provision where needed
📤BEST TIPS AND PRACTICES
- Always review the terms and conditions before providing liquidity.
- Observe the market and make adjustment strategy accordingly.
- You could Consider diversifying your liquidity provision across multiple assets as you see fit.
YOU ARE DONE AND GOOD TO GO
