Farming at SmartBCH - Tropical Finance (DEX)

juanmolina (68)Creative Millionairesin Steem Schools • 2 years ago

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Do you know how to Farming?

Farming is a type of investment where two cryptocurrencies are combined in a process that involves the creation of a "Pair" that we will use to add "Liquidity" to the capital fund of the Exchange where we want to participate.

For example, in Tropical Finance (DEX) there are several liquidity funds that allow us to do Farming with the creation of the following pairs:

DAIQUIRI-FLEXUSD (530% APR)
DAIQUIRI-BCH (400% APR)
BCH-FLEXUSD (397% APR)
LAW-BCH (418% APR)
DAIQUIRI-DAO (439% APR)
CELERY-BCH (590% APR)

The Process
Once we have selected the pair with which we want to farm (For example CELERY-BCH), we must approve the contract (Image 01) and thus we will have the "Stake" option of that pair enabled (Image 02).

Image 01

Image 02

Clarification
To create the pair, we must have a certain amount of these tokens in our Metamask Wallet. In this case, we must have CELERY (CLY) and wrapped BCH (WBCH). These tokens can be acquired by accessing the "Exchange" option in the menu and buying them with the BCH that we have available in our wallet.

Once this is clarified, we must access the "Liquidity" option and approve the contracts (Image 03), thus the "Supply" option will be enabled with which we can obtain our supply of paired CLY / WBCH tokens ( Image 04).

Image 03

Image 04

Since we have our supply of paired tokens then we can add them to the Farm and thus we will be participating in this very dynamic investment model (Image 05), which allows us to earn a great profit that will be paid in the native currency of the Exchange (DAIQUIRI) and at the same time, we continue to have our initial capital tokens CLY and WBCH which we can withdraw whenever we want to.