ApeSwap is a Decentralized Exchange (DEX) and Automated Market Maker (AMM) that uses the Binance Smart Chain (BSC) to decentralize the entire ecosystem.
As a decentralized cryptocurrency trading platform, ApeSwap opens up a wide range of opportunities for cryptocurrency traders and investors who want to get the most out of decentralized trades.
There are several products and tools that ApeSwap allows its users to use to facilitate their cryptocurrency investments.
One of them is ApeSwap Pools.
In this article, I will explain what the ApeSwap Pools mean, as well as some of the ways to participate in the pools.
WHAT ARE APESWAP POOLS?
ApeSwap Pools are dedicated liquidity pools where new projects that are launching on the Binance Smart Chain (BSC) can be introduced to the ApeSwap community. The pools are also a medium for those new cryptocurrency projects launching on the Binance Smart Chain (BSC) to bootstrap or get the first set of investors and adopters.
Thus, the ApeSwap Pools can be considered a Launchpad of sorts, where new Binance Smart Chain (BSC) projects can be launched and sold our via private and pre-sales before those projects can release and list their crypto tokens on cryptocurrency exchanges.
HOW TO STAKE ON APESWAP POOLS
You also stand a better chance to earn passive income from ApeSwap Pools. The best way to go about that is by staking your BANANA Token (the native token of ApeSwap) on the ApeSwap Pools.
Here are the steps to follow when you want to stake your BANANA Token on the ApeSwap Pools:
1- Select the Pools
The first step is to select the pools you want to select. You can find the available pools on the ApeSwap Pools Page.
2- Approve the Transaction
Once you’ve selected the pool you want to farm in, proceed to follow the next steps to enter the amount of the BANANA Token you want to spend or stake.
After that, you will approve the transaction by clicking on the Approve BANANA so that your wallet can be debited, and the BANANA Token will be committed to the pool.
3- Deposit the BANANA Token
Now, you will select or enter the amount of BANANA Tokens you want to deposit in the pool.
After doing that, confirm the transaction in your wallet so that it will be processed.
HOW TO UNSTAKE IN THE APESWAP POOLS
You are at liberty to unstake or stop staking in the ApeSwap Pools. The steps to do that are also simple.
All you have to do is to visit the ApeSwap Pools page, click on the Wuzz Out button, then follow the on-screen options to cash out your staked BANANA Tokens, as well as the BANANA Tokens you earned within the time you staked.
CONCLUSION
ApeSwap Pools means many things for different users. For the new Binance Smart Chain (BSC) cryptocurrency projects, the pools are an avenue for the projects to get early investors and sell out some of the project tokens before the main launch. For the users, ApeSwap Pools is an avenue to make money.
If you are keen on earning passive income from an Automated Market Maker (AMM), follow the steps outlined in this article so you can earn from the ApeSwap Pools.
USEFUL LINKS
Website: https://apeswap.finance/
Twitter: https://twitter.com/ape_swap
Telegram group: https://t.me/ape_swap
Telegram Channel: https://t.me/ape_swap_news
Medium: https://ape-swap.medium.com/
Github: https://github.com/ApeSwapFinance
AUTHOR
Bitcointalk Username- Dividesug
Bitcointalk Profile- https://bitcointalk.org/index.php?action=profile;u=2767685;sa=summary
Bsc Chain Wallet- 0x96C9cFfEa9328D6aC96160B515D293915A0b88f7