Popsicle Finance
Sorbetto Fragola Pro
Before Starting, bear in mind that both versions of Fragola UI interact with the same set of smart contracts. If you open a position using the Light Mode, it will also be opened in the Pro Mode!
Sorbetto APRs are given using a 7 days average of the fees collected by the pool, so remind that they are projections.
There is absolutely no difference between using Pro or Light, it is just a matter of what you prefer as a user!

Using Sorbetto Fragola Pro UI

First of all, make sure to be connected to either Ethereum or Arbitrum, as our V3 Optimiser is currently only available there!
To access Sorbetto Fragola, Select "Products" in the top part of the website:
Then in the top left corner click on "To Pro Mode":
The page is divided into two frames with "Your Positions" at the top and "Sorbetto Fragola Pools" at the bottom.

Your Positions:

The "Your Positions" frame is the place where you will interact with your already opened positions. Each position will be found in its own frame below. Remember that there is only one frame for each pair available on Fragola.
For example: If you put 1000$ worth of tokens into the ETH/USDT position then later put another 500$ worth, your position will show 1500$ worth of value. (disregarding any change in the value of the tokens)

An Individual Position:

On the left, you will see an image that describes this position. In our example, we see that this position is made of both WETH and USDT on the Ethereum Mainnet. Next to this, we can see text that displays the tokens that make up this position and its USD value! Below that, the amount of Popsicle Liquidity Provision tokens (PLPs) of that particular pair we currently hold in our wallets. Underneath this, we can check 3 pool parameters Pool, ~APR, MAX CAP and TVL.
  • Pool - Shows the tokens that make up the position as well as the trading fees of the pair on Uniswap v3.
  • ~APR - Gives an estimated APR for this position based on past performance. This APR is derived soles from the trading fees obtained by being a liquidity provider.
  • ~TVL - Shows the current USD value of all the tokens in this particular position.
  • MAX CAP - Shows the maximum amount of liquidity that can be deposited in the pool.
On the right we see the withdraw button which will allow you to remove some or all the tokens from that position.
To add more funds to an already opened position, just click on the respective frame.

The Withdraw Pop Up:

This window will allow you to select how many of your PLPs you wish to redeem for the underlying tokens. You will receive the amount of each token proportional to the current ratio at which Fragola is providing liquidity. In most cases, this will NOT be 50/50.
The block of information at the bottom gives you the expected amount of tokens that you will receive!
Please note that this exposes the user to Impermanent Loss risk!

Sorbetto Fragola Pools:

Let’s move on to the lower frame, Sorbetto Fragola Pools. All the pools available on Sorbetto Fragola, but not yet opened will appear here.

Opening a Position:

To enter a position we can either click the "Join" button or the frame of the pair we want to join. A new page will open with two frames. On the right, you will see some data specific to the pool you selected. On the left, you will see the following frame:
Here we see the input dashboard. On the top, you see two checkbox toggle switches.
  • Use WETH - allows you to use either WETH or ETH to open this position. To learn more about the difference between the two you can read here.
  • Join Proportionally - used if you have the exact amount of tokens already in your wallet needed to open this position. If you want to join the position using only one of the two assets un-tick this box!

Opening a Position Proportionally:

Sorbetto Fragola requires users to join the pool using the token ratio that corresponds to the range in which Fragola is currently providing liquidity. Users can input the amount of one token and the ratio will adjust accordingly. If you already have a sufficient amount of tokens in your wallet, you can click on "Open Position" and you will be good to go!
Please note, that if this is your first time providing to the pair, you will be required to Approve the token spending first for both tokens in the pair.
After the transaction is confirmed, you will receive PLP tokens in your wallet! Congratulations, you have successfully opened a position using the Join Proportionally Button!

Opening a Position Without the Exact Ratio:

If you do not have a sufficient amount of both tokens to join Sorbetto Fragola proportionally, you can untick the "Join Proportionally" button. Here you can provide either USDT or ETH alone. Fragola then swaps for the exact amounts of the current pool ratio and then joins Sorbetto (all in one transaction!)
As you adjust the amount of the single token in the top frame, the box underneath will let you know how many of the two tokens you will end up depositing.
Above this, you see the "Choose your slippage" settings.
Here you can choose your slippage tolerance for the swap that will take place.
Slippage, in simple terms, is the loss that can occur as other swaps of these tokens take place during the processing of your transaction. To help avoid slippage you can set your gas price higher.
When the settings are acceptable for the users, they can press the "Open Position" button on the right side of the frame! They will be asked to pay some gas and they will receive PLP tokens in their wallet! Congratulations, you have successfully opened a position without the exact ratio!

Opening a position using the Zap Function:

First of all select the asset you desire by either typing its name or pasting the token contract address. Then select the amount you want to use, either clicking max or typing it!
The UI will compute how many PLP value you will get, how much they are worth, and the amounts of the two pool's assets you will deposit. You can use the "Settings" window to select transaction speed and slippage tolerance! Make sure to click "Save" before closing the "Settings".
Please note that you might get a lower PLP value than the value of the token you are swapping, because of slippage and price impact. Keep this in mind if you are using low liquidity tokens to join!
Once all of this is done, click on "Open Position". You will be required to confirm the transaction on Metamask, and once it is confirmed you will receive the PLP tokens in your wallet!
Congratulations, you have successfully opened your position using the Zap function!

Analytics Frame:

On the right, users will be able to check a detailed representation of how Sorbetto Fragola is performing over time, as well as some valuable metrics that will give a detailed picture of the current LPing situation. The graph in the center is intended to explain in what range Fragola is currently providing liquidity, as well as where the boundaries of our current strategy are. As of right now, the rebalance will be called and triggered once the blue line reaches 80% of either side. Once a rebalance happens, it is represented in the graph as a steep shift of both boundaries in the same direction. You can see an exampe on this in the first part of the graph above! If you are interested in understanding what a tick is and how they work please refer to this article here.

The Performance Fees

A 20% Performance Fee is deducted from the profits. This fee will later be used to market buy ICE tokens to be distributed to nICE tokens holders using a process similar to the SUSHI/xSUSHI one. Users will be able to stake their ICE tokens and receive nICE that could later be used as every other interest-bearing token!
Last modified 2d ago