Curve Finance is an exchange liquidity pool designed for extremely efficient trading and low risk, supplemental fee income for liquidity providers. For more information on Curve, check out curve.readthedocs.io/index.html.
For Lido users, you can use Curve on Arbitrum or Optimism to easily swap between wstETH and ETH. On top of this, users can earn fees from LP'ing the wstETH-ETH pool.
Swaps on Curve
Use Curve wstETH-ETH to swap between wstETH and ETH.
To get started, visit the pool
Arbitrum: curve.fi/#/arbitrum/pools/wsteth/swap
Optimism: curve.fi/#/optimism/pools/wsteth/swap
On the 'SWAP' tab, Select the token you want to swap from
Choose the amount of token to swap and press 'Swap' after clicking 'Approve Spending' if required.
Confirm the transaction using your wallet of choice.
Providing Liquidity
Curve allows users to deposit liquidity in exchange for trading fees and more rewards. The wstETH/ETH pools on Arbitrum and Optimism are - at the time of writing - incentivised by Lido in the form of additional LDO to liquidity providers in the pool.
To get started, visit the wstETH/ETH pool
Arbitrum: curve.fi/#/arbitrum/pools/wsteth/deposit
Optimism: curve.fi/#/optimism/pools/wsteth/deposit
On the 'Deposit' tab, Choose the sub-tab 'Deposit & Stake'
Choose the amount of tokens to deposit and press 'Deposit & Stake' after clicking 'Approve Spending' if required.
To gain the rewards, make sure you stake your LP token into the Gauge.
Claiming Rewards
visit the pool's WITHDRAW/CLAIM page,
On the sub-tab 'Claim Rewards', press 'Claim'.
