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Dracula Protocol
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Step-by-Step Guides
COMMUNITY
AUDITS
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Deposit (Stake)
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ATTENTION: This document is a rough draft and hasn't been fully developed yet.
The contents here-in may be incomplete, out-of-date, and modified radically in future revisions.
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Step 1: Select a Victim pool
To find an available victim pool and it's Annual Percentage Rate of Return (APR) review the list of available Victims by navigating to https://dracula.finance/ and choose "Pools" from the menu.
Available Victims for Dracula Protocol
Step 2: Mint LP Tokens to add Liquidity to the Underlying Pool
Use a crypto-wallet connected browser (Metamask) to navigate to the appropriate underlying platform (DODO, Uniswap, SushiSwap, et al) of the victim pool selected in Step 1.
Add liquidity to the victim pool by depositing tokens into a Liquidity Pool (LP) using the underlying platform's interface.
Platform
Guide to Adding Liquidity
After the LP transaction has completed successfully on the blockchain the crypto-wallet used to initiate the transaction will receive LP tokens that provide the receipt for the liquidity deposited.
Step 3: Stake Victim LP tokens on Dracula Protocol
Select the victim pool matching the LP tokens minted in Step 2.
Available Pools for a Specified Victim
Step 4: Approve Dracula Protocol to Spend LP Tokens
In order to initiate the LP token deposit into Dracula Protocol the crypto-wallet containing the appropriate victim LP tokens must be unlocked and permission for Dracula Protocol to spend the minted LP token(s) must be approved.
Select the appropriate victim pool to be prompted with a sidebar menu.
Select the "Approve" button that appears on the sidebar menu.
Example of Approval Button
When "Approve" has been selected from the sidebar, a connection to the crypto-wallet is initiated and a notification will appear in the active crypto-wallet requesting the user approve a transaction.
ALWAYS review before accepting each transaction to confirm the transaction being approved matches the action desired.
Once the transaction has been reviewed and confirmed to be correct, select to "Accept" the transaction and associated gas fee.
Wait for the transaction to be successfully processed by the Ethereum network.
A transaction on the Ethereum network can take seconds to hours to complete depending on the number of transactions pending and the quantity of gas approved to be spent for the transaction.
Pro Tip: The approval process need only be completed once if, prior to submission of the approval transaction, the number of tokens approved to be spent is set to infinite (the default setting). If the token approval quantity is set to a specific number, such as the amount currently available or being deposited, the process must be approved again if additional deposit transactions for the same LP token exceed the specific number initially submitted in the approval transaction.
Step 5: Deposit the LP Tokens
After the approval transaction for the LP tokens has succeeded navigate to the deposit option in the sidebar menu.
The deposit button will not be available until an amount is entered in the 'Enter Amount' field.
Input the amount of the LP tokens to deposit, then select "Deposit".
Deposit Section of the Sidebar Menu
A notification from the crypto-wallet will appear after selecting Deposit.
Review and approve the crypto-wallet transaction to deposit the tokens in Dracula Protocol and wait for the Ethereum network to successfully process the request.
Step 6: Verify the Deposit was Successful
Once the deposit transaction has completed successfully, the funds deposited funds are visible on the Dracula Protocol website.
If the deposited funds don't appear under "Your Deposit" follow the troubleshooting steps in the โ FAQ.
Withdraw Section of the Sidebar Menu
Now What?
That's it! Dracula Protocol will now use the deposited LP tokens to automatically harvest the underlying rewards, sell the rewards for ETH, and invest the ETH into a yield-earning strategy.
Deposits can remain in Dracula Protocol for as long as desired with no action needed until you are ready to harvest your ETH.
Last modified 1yr ago