Morbex is a decentralized exchange with a deflationary governance token system that is the next generation of Automated Market Making (AMM). They are your ready yield farm, with many more functionalities that let you generate tokens on Binance Smart Chain and Pancakeswap exchanges.
What is Binance Smart Chain and PancakeSwap?
BSC (Binance Smart Chain) is a blockchain that runs alongside the Binance Chain. Unlike Binance Chain, however, BSC supports smart contracts and is Ethereum Virtual Machine compatible (EVM). The goal was to keep Binance Chain's high throughput while also integrating smart contracts into the ecosystem.
PancakeSwap is a growing wave of DeFi platforms that allow crypto-traders to conduct business using company tokens without an intermediary taking a substantial cut. The Binance Smart Chain (BSC) is one of the biggest DEXs of this type, but it also has DEXs on Ethereum (for example, Uniswap).
LP Farming in Morbex
Providing liquidity to get LP Tokens
Now that you've found a Farm to stake in, you will need to add liquidity to get your LP Tokens.
Click on the row of the Farm you've chosen from the list. It will open to show more details.
On the left, you'll see some links. Click the Get (your pair) LP link.
This will open the Add Liquidity page for your Farm's pair. We have a guide to adding liquidity you can follow to get your LP Tokens.
Putting your LP Tokens into a farm
Now that you have your LP Tokens, you’re ready to start staking them in a Farm and earning rewards!
Go back to the Farms page and locate your Farm. Click anywhere on the row showing your pair. It will expand to show more details.
When you’re ready, click the Enable button and confirm your action in your wallet.After a short wait, the Enable button will change to Stake LP. Click it and a new window will appear.
Type the amount of LP Tokens you would like to farm with into the field, or just click Max to use all of your LP Tokens.When you have the amount entered, the Confirm button will light up. Click it. Your wallet will ask you to confirm your action.
After a short wait, the window will close, and you will see your new staked LP Token balance in the details.
Adding or removing LP Tokens from a Farm
You may decide you would like to add more LP Tokens to a Farm at a later date, or to take some out of a Farm. You can do this very easily whenever you'd like.
Return to the Yield Farms page. At the top of the page you'll see a Staked only toggle. Click the toggle.
You should now only see the pairs you have LP Tokens in on the list, making it easier to find your Farm.Find the Farm you have LP Tokens in, and click the row to view details. You will see a - and + button on the right-hand side. Click - to remove LP Tokens, or + to add more LP Tokens.
A window will open that looks like the one you used earlier to first stake your LP Tokens. Like last time, type the amount you would like to unstake/stake, or click Max to remove/add all available LP Tokens.
Make sure your information is correct. When you are ready, click the Confirm button and confirm the action in your wallet.
After a short wait, your new balance will show in the details section of your LP Token pair. If you've unstaked your LP Tokens, any unharvested rewards you had will automatically have been collected.
So, This is a promising platform for generating revenue and a unique crypto marketplace for interested investors.
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