How to Provide Liquidity
Liquidity Providers (LP) are the backbone of VVS. Liquidity providers contribute their tokens to the VVS decentralised exchange protocol to enable tokens to be traded.
LPs earn income in two ways:
To become an LP, supply a pair of tokens to receive LP tokens as proof of ownership. Removing LP tokens will return your tokens. (Note: Being an LP exposes you to Impermanent Loss).
Platform Trading Fees: as a reward, Liquidity Providers (LPs) receive 2/3 of the trading fees generated from any pair of tokens they have provided liquidity for in proportion to their ownership of the pool.
Stake in Farms (aka. Yield Farming aka. Liquidity Farming): Stake your LP tokens in the corresponding farm to a ton of shiny VVS rewards.
Here is a step-by-step tutorial on adding and removing liquidity.
How to Crystal Farm
Once you contribute to a liquidity pool and receive corresponding LP tokens, you can now go to Crystal Farm and stake your LP tokens to receive VVS token incentives. Don’t forget to harvest your VVS rewards every once in a while!
Here is a step-by-step tutorial on staking, harvesting, and unstaking in a Crystal Farm.
How to Glitter Mine
Glitter Mine provides single-sided staking for VVS tokens. There are two Mines:
Auto VVS: Your staked VVS are automatically compounded to earn even more VVS.
Manual VVS: You need to manually harvest rewards to compound or trade the earned VVS.
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