Optimism Iron Bank Liquidity Mining

Instructions on how to participate

Iron Bank
1 min readAug 16, 2022

As part of our launch on Optimism, we’re kicking off our first liquidity mining program for IB tokens. Addresses staking WETH, USDC and DAI on Optimism Iron Bank can receive rewards on https://app.ib.xyz/. Staked assets will earn both a supply reward in the underlying asset, plus IB rewards via liquidity mining. Liquidity mining rewards will begin at 0900 UTC August 16 for 4 weeks.

First, you must have assets on Optimism to participate. We recommend using the Optimism bridge to move assets from Ethereum mainnet to Optimism via https://app.optimism.io/bridge

Once you have WETH, USDC, or DAI on Optimism, head over to https://app.ib.xyz/ and connect your wallet via Metamask or Wallet Connect. If you hold ETH and not WETH, you can use Uniswap to Convert ETH to WETH first prior to supplying your WETH.

Head to https://app.ib.xyz/earn, hit the Stake button and that will directly supply and stake your asset into the reward pools.

Please note that once you’ve staked your iTokens, you will not be able to borrow against collateral staked in the reward pool.

Currently, only WETH, USDC, and DAI markets have active liquidity mining rewards. Please follow the Iron Bank twitter at https://twitter.com/ibdotxyz for the latest updates.