How to withdraw from Bumper's LM program - Step by step

Bumper’s Liquidity Mining program runs from 1 March to 31 May 2023, and during this time a total of 1,820,000 BUMP tokens will be distributed to users who supply liquidity to the BUMP-USDC pair on Uniswap v2 DEX. 

Full details on how to get started providing liquidity can be found here. 

This guide details how to withdraw from the program, claim your tokens and recover your liquidity from Uniswap.

Please note, users who already have funds staked in the LM program will automatically roll over into the next epoch. Withdrawing at any time will simultaneously claim any token balance due back to your wallet.

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Withdrawing from Bumper’s Liquidity Mining Program

Just as there were 2 stages for supplying liquidity and depositing LP tokens into Bumper’s LM contract, the same applies in reverse when withdrawing.

Stage 1: Exit from Bumper’s LM

• Visit Bumper’s LM dApp, connect wallet and click unstake.
• Decide how much you want to unstake, then go through the confirmation process.
  
  

Stage 2: Withdraw liquidity from Uniswap

• Visit the Uniswap V2 pool and connect your wallet.
• Approve your wallet to interact for the remove function.
• Decide how much liquidity you wish to withdraw and click REMOVE.
• Confirm the removal in your wallet.

Step-by-step instructions to remove liquidity

For those users who want a step-by-step guide, here is what you need to do to remove liquidity from Bumper’s LM and the Uniswap v2 pool.

Step 1: Visit Bumper’s LM contract here and make sure your wallet is connected.

Step 2: In the My Stats box, click UNSTAKE.

Step 3: The Unstake page loads. Choose the amount of LP tokens you wish to withdraw. Click MAX to withdraw all and then click NEXT.

Step 4: Check the confirmation box. If you’re happy, click the confirmation box and then click CONFIRM.

Step 5: Now, you need to confirm the transaction in your Web3 wallet. Once this is done, you have withdrawn from the Liquidity Mining program, and will see your UNI-V2 LP tokens appear in your wallets asset list.

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Now for stage 2. To return your USDC and BUMP tokens back to your wallet, you now need to withdraw the liquidity you supplied to Uniswap. You do this by returning your UNI-V2 LP tokens back to Uniswap.

Step 6: Navigate to Uniswap’s V2 pools here. You should now see your current liquidity provider positions listed. Click on the arrow dropdown menu next to the MANAGE button.

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Step 7: You’ll now see your position. Click the REMOVE button.

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Step 8: On the next screen, select the amount of liquidity you wish to remove from Uniswap. If you want to remove it all, click on the MAX button. Then, click on the APPROVE button to allow Uniswap to interact with your wallet for this transaction type. 

You will need to sign the approval transaction in your wallet, but you’ll only need to do this once if you are removing liquidity in stages.

Step 9: Once approved, simply click the REMOVE button and thenconfirm the transaction in your wallet. 

Step 10: After the transaction completes, your BUMP tokens and your USDC tokens will be returned to your wallet, and your UNI-V2 LP tokens will have disappeared.

And that’s it. Thanks for participating in Bumper’s Liquidity Mining program, and do make sure you stay connected to get the latest news and updates from the team as we countdown to launch.