Real Yield on Saga: Liquidity Rewards Now Live with @merkl_xyz. ​ FYI: Merkl, backed by a16z, is a platform designed to directly distribute incentives based on on-chain activity. ​ In case you missed the launch of Liquidity Integration Layer (LIL) on Saga, feel free to visit my previous writings below. ​ ​ In short, LIL opens a new era of DeFi within the Saga ecosystem. ​ Remember the juicy yields from Staking Vault 2.0 on Saga? ​ + Liquidity pairs remain the same + Higher APY + All tracked by dashboards on Merkl ​ Sounds cool, right? Let's get you set up with this major update. ▸ Why @merkl_xyz? ​ Big obstacles that keep users hesitate to join Liquidity Pools: ​ + Too complicated progress ​ + Unclear OR too long rewards distribution ​ + Inefficiency of capital use ​ ➜ Thus, Merkl is truly a perfect sidekick by automating incentive delivery based on precise LP positions and time-weighted liquidity. ​ Applied to @Sagaxyz__, "While effective, managing this reward infrastructure internally came with its share of challenges - from allocating internal resources to building and maintaining the system. ​ As the program scaled, it became clear that a more flexible, feature-rich, and future-proof solution was needed." - commented by Merkl. ​ Partnering with Merkl, Saga gains access to: ​ + a useful UI to launch and manage incentive campaigns ​ + advanced features to customize the campaigns ​ + a streamlined reward distribution system for both stakers and LPers ​ + over 10,000 daily DeFi users exploring reward opportunities on the Merkl app ▸ Getting used to the UI ​ On the Merkl app page, choose Saga EVM from the category. ​ And now you're able to see all the available pools on Saga, currently including: ​ + SAGA/USDC + WETH/USDC + SAGA/WETH + USDT/USDC ​ Note that the APRs are dynamic. ​ APRs will vary based on pool activity, total liquidity, and reward allocations. Early LPs are best positioned to benefit from higher initial returns. ​ There are also additional metrics to help you make decisions: + TVL of the pools + Daily rewards calculated based on $1,000 provided ​ Clear and clean UI. ​ It's easy to understand that with a massive APR of over 700%, the pair SAGA/USDC has been receiving the largest traction of nearly $5m. ​ Once you're done researching, it's time to get started. ​ The LPing process still takes place on Saga's OKU Trade. ▸ For newbies on Saga's LIL ​ It's the most appropriate time to start learning how to LP on Saga. ​ Preparation: Some USDC or SAGA tokens on the Saga mainnet. ​ Recommended wallet: Keplr. ​ 1. Bridge Funds to SagaEVM ​ (Important note: LPs only operate on SagaEVM, which is different from Saga Mainnet. Be cautious before use). ​ + You can use Squid Router or the Bridge function on Oku to move assets from another EVM chain or Saga mainnet to the SagaEVM. ​ + You can directly bridge the required assets into SagaEVM or swap for them on Oku. ​ 2. Provide Liquidity via Oku: ​ + Visit the Uniswap V3 > Position Manager tab ​ + Select a supported LP pair, provided in the list above ​ + Choose your liquidity range (from 0.1% to 100%), a higher range means a larger amount of your liquidity to be deployed. ​ For example, if you choose the SAGA/USDC pair and set a 100% range at the current price of $0.33: ​ ➜ the min-max price of SAGA can be from $0.167 to $0.503 ​ + Click Deploy Position and you're all set. ​ 3. Track and Claim Rewards on Merkl ​ And now, the most exciting part, you will see your progress through Merkl. ​ + Estimated rewards will be automatically calculated based on how much liquidity you provide and how effectively it supports the market ​ + Claim rewards at any time you want ​ No staking required. No vesting schedules. Just pure on-chain yield.