Beginner5 min read

Make Your First Deposit on Snuggle

Deposit into your first Snuggle pool and start earning trading fees.

Key Takeaways

  • Wrap your ETH into WETH before depositing (1 ETH = 1 WETH, always)
  • WETH/USDC 0.30% is a good first pool
  • You start earning fees immediately after depositing

Before You Start

Make sure you have:

  • MetaMask installed with Base network added
  • ETH on Base in your wallet (at least $50 recommended)
  • A few dollars of ETH for gas fees (under $1)

If you missed any of these, go back to the previous lessons.

Step 1: Connect Your Wallet

  1. Go to snuggle.fi/deposit
  2. Click "Connect Wallet" in the top right
  3. Select MetaMask
  4. Approve the connection

Step 2: Choose a Pool

You will see a list of pools. Each pool shows:

  • Token pair (e.g., WETH/USDC)
  • Fee tier (e.g., 0.30%)
  • Protocol (Uniswap, Aerodrome, or PancakeSwap)

For your first deposit, we recommend WETH/USDC 0.30%. It is the most popular pool with the highest trading volume.

Click the pool to select it.

Step 3: Wrap Your ETH into WETH

Snuggle pools use WETH (Wrapped ETH), not regular ETH. You need to wrap your ETH first.

  1. On the deposit page, click the "Wrap ETH" button
  2. Enter the amount of ETH you want to wrap
  3. Confirm the transaction in MetaMask

Wrapping converts your ETH into WETH at a 1:1 ratio. 1 ETH = 1 WETH, always. You can unwrap it back to ETH at any time.

Keep a small amount of ETH unwrapped (around $1) to pay for gas fees on future transactions.

Step 4: Set Your Amount

Enter the amount you want to deposit. Snuggle automatically splits your deposit into the right ratio of both tokens.

You only need one token. If you deposit WETH into a WETH/USDC pool, Snuggle handles the rest.

Step 5: Review Settings

The default settings work well for most people:

  • Range width: How far the price can move before a rebalance. Wider is safer. Narrower earns more but rebalances more often.
  • Rebalance delay: How long Snuggle waits after the price moves out of range. The default is optimized for each pool.

You can change these later. For now, the defaults are fine.

Step 6: Deposit

  1. Click "Deposit"
  2. MetaMask will ask you to approve the transaction
  3. Confirm in MetaMask
  4. Wait for the transaction to confirm (usually under 30 seconds)

That is it. You are now earning trading fees.

What Happens Next?

Go to the Positions page to see your deposit. You will see:

  • Your position value
  • Fees earned so far
  • Current range and status

Fees accumulate in real time. You can harvest them whenever you want.

What You Learned

  • Depositing takes under 2 minutes: connect, pick a pool, set amount, confirm
  • WETH/USDC 0.30% is a great first pool
  • Default settings are optimized. You can adjust them later.
depositfirst depositearningbeginner

Frequently Asked Questions

What is the minimum deposit?
There is no minimum. But very small deposits may not earn enough to cover gas fees. We recommend at least $50.
When do I start earning?
Immediately after your deposit is confirmed. Fees start accumulating as soon as traders use your pool.
Can I withdraw at any time?
Yes. No lockups, withdraw anytime. Your funds are always under your control.
What fees does Snuggle charge?
15% performance fee on earnings only. If you earn $100, Snuggle takes $15 and you keep $85. If you earn nothing, you pay nothing.
Why do I need to wrap my ETH?
DeFi pools use WETH (Wrapped ETH), which is a token version of ETH that works with smart contracts. Wrapping is instant and 1:1. You can unwrap back to ETH anytime.
Which pool should I choose?
WETH/USDC 0.30% is the most popular and best-tested pool. It is a great starting point.

Ready to earn? Make your first deposit.

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Make Your First Deposit on Snuggle | Learn | Snuggle