If you're interested in becoming a liquidity provider on Velar Protocol, one of the first steps is to set up a compatible wallet. Two popular choices among the Stacks community are Xverse Wallet and Leather Wallet. These wallets support Stacks (STX) and various Stacks-based tokens, such as aeUSDC, which are essential for providing liquidity on Velar Protocol.

In this guide, we'll walk you through the process of setting up both Xverse Wallet and Leather Wallet. If you already have a compatible wallet set up, feel free to skip ahead and check out our blog post on bridging your USDC from Ethereum to Stacks to start providing liquidity on Velar Protocol.

Setting Up Xverse Wallet for Velar Liquidity Providers

Xverse Wallet is a user-friendly wallet for the Stacks blockchain, which supports Stacks (STX) and various Stacks-based tokens, such as aeUSDC.

Step 1: Download and Install

• Visit the official Xverse Wallet website or your device's app store.

• Download and install the Xverse Wallet application.

Step 2: Create a New Wallet

• Open the Xverse Wallet app.

• Select the option to create a new wallet.

• Write down the seed phrase provided and store it securely.

• Confirm the seed phrase to ensure it has been recorded correctly.

Step 3: Secure Your Wallet

• Set up a strong password for additional security.

Step 4: Receive Assets

• Navigate to the receive section of your wallet.

• Choose the asset you wish to receive (e.g., aeUSDC).

• Copy the wallet address or use the QR code to receive funds from another wallet or exchange.
  
  

Setting Up Leather Wallet for Velar Liquidity Providers

Leather is a versatile crypto wallet that supports a wide range of cryptocurrencies and tokens on Stacks blockchain.

Step 1: Download and Install

• Go to the Leather Wallet official website or your device's app store.

• Download the Leather Wallet application.

Step 2: Create a New Wallet

• Open the Leather Wallet app.

• Choose to create a new wallet.

• Securely note down the seed phrase or mnemonic phrase given.

• Verify your seed phrase by entering it as prompted.

Step 3: Secure Your Wallet

• Create a robust password to protect your wallet.

Step 4: Receive Funds

• Access the receive section within the wallet.

• Select the type of asset you want to receive, like aeUSDC.

• Share your wallet address or QR code to get funds from other wallets or exchanges.

Additional Considerations for Velar Liquidity Providers

Keep your seed phrases and passwords in a safe and secure location, as losing them could result in the loss of your funds.
For both wallets, you may also need to ensure that you have a small amount of the native blockchain token (such as STX for Xverse since Velar is on Stacks) to pay transaction fees. 

After setting up your wallets, you can connect them to Velar Protocol's platform to provide liquidity. Remember to follow any additional instructions specific to Velar Protocol for liquidity providers.

Note: Always download wallet apps from official sources or links provided by the official project websites to avoid phishing attempts or fraudulent applications.

Once you’ve set up your wallet, head to this blog link to learn how to bridge USDC from the Ethereum blockchain to Stacks: How to Bridge to aeUSDC