read.cash Log in
@Eirolfeam2 more from that month

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

Log in to join in Reading is open to everyone. Replying needs an account.