Farming BPAD and Saying Goodbye to Wojak
I haven't been around the SmartBCH network for a while now because I was quite busy doing other things that I didn't find time or I was uninterested to check my MetaMask wallet. And now that I have time in my hand to monitor some of my SmartBCH tokens and the ones that are currently farming, I took the time to make a little activity on the chain.
**BPAD** was one of the first tokens that I bought on the SmartBCH network when I started my new trading and investment journey on this chain. I initially bought **0.1 BCH** worth of **BCHPad tokens** before because I believed that this token is one of the best tokens available in SmartBCH. I wanted to make it a long-term investment so I didn't bother selling it after gaining a little profit from it. And after a month, the price of the token doubled and so is my investment. I still didn't take profit because I thought it would pump even more in the future. However, after realizing that my **BPAD tokens** have been sitting around and just being lazy in my wallet for more than a month now, I decided to let it work for me to earn some passive income. So I sold more than 70 percent of the BPAD tokens I have in my wallet to get back my initial investment of **0.1 BCH** and to have some wrapped Bitcoin Cash to be paired up with the remaining BPAD tokens.
And after selling the BPAD tokens, I immediately added the remaining **1,000 BPAD** and **0.065 WBCH** that I got from selling BPAD to the pool to have some LP tokens that I will stake on Mistswap to earn some Mist tokens. I know about the Impermanent Loss but I don't really mind about it because this is all just profits now. If BPAD pumps and BCH remains stable, then I will lose some of the BPAD tokens in the pool but just like what I have said, it's all just profits now.
And after scrolling through my farms, I noticed that the WOJAK-WBCH pool is no longer offering any APR as the pool already ended so I immediately unstaked the LP Tokens I have in the pool. And after unstaking them, I also removed the liquidity I added to burn the LP tokens.
When I added Liquidity to the pool, I put in a total of **264,000 WOJAK** tokens and paired them up with **0.071 WBCH**. But now that I removed the liquidity, I only received **0.043 BCH** and **404,000 WOJAK** tokens that are also worth around 0.043 BCH. The value of WOJAK tokens dropped that's why I gained more Wojak tokens. Meanwhile, I also earned **349 MIST tokens** for farming the LP Tokens, which is worth **0.015 BCH** now.
As of the moment, there are only 2 Pools where my tokens are farming, the **DOGE-WBCH** pool that gives 138% APR and the **BPAD-WBCH** pool that offers 148% APR. I like providing liquidity and staking the LP tokens because it is how I get to earn passive income even if it's just a small amount of earnings. This is also honest work and it's how I get to make my profits work for me. **So cheers to farming and staking!** **Follow my New SmartBCH Journey:** 1 month update of my SmartBCH Journey https://read.cash/@Eirolfeam2/1-month-update-of-my-smartbch-journey-53e11a48
11 comments
BCHPAD is going to come with its own farming and staking soon stay tuned
Really? That's good news then. Too bad for me. π€§π
Thanks to this one I finally understood the reason why I gained wojak after staking it.. That's a good move by the way at least you have passive income and your funds are not just sitting around the corner..Cheers to smartbch .
Yeah, WOJAK dumped. Ehe!
You made a passive income from staking that's quite cool,good your funds are sitting right in the corner but are working for you...best wishes sis.
Yeah but only a small amount. π
I was also farming wojack but still in a huge loss it was my mistake that i bought these wojack haha
Good thing it's only profit for me. π
Wahhh farming, gusto ko din efarm BPAD ko kaso mo ayaw ko talaga sa IL. Imagine, skl ha. Yong nag stake baga ako da smartdex, smart/smart pair. Yong smart ko nasa 37B pa tapos ngayon 17B nalang, ahahaha. Napunta sya sa dsmart kado mo hahahaha. Maiba kahiy naliit ang smart ko, sana nag globr nalange florieeeee hahaha. Chorrr. But cheers to farming, passive income talaga yan, lalo if maga farm ka ee kakalist lang nong pair kataasan pa ng apr non UwU.
Hahaha! Nagpump kasi ung SMART eh. Sana di ko nalang binenta akin nun. Sayang profits sana. Pero maganda nga magfarming kapag mataas ang APR. Mababawi ung IL. π
Hahahah, un nga. Mataas pa rin naman kaso nababa na ang smart aguyy