Today, I connected the SmartBCH network to my Metamask wallet. The reason I did this was so I could examine swap platforms like MIST in more detail. It was a pretty simple process. If you are using a Metamask wallet, it will only take you 1 minute to do this. When you enter and confirm the SmartBCH information in the relevant section of the wallet, you are now connecting the SmartBCH network to your Metamask wallet.
I would like to briefly summarize this process with photographs.
What you need to do next is to write the information you see in the photo where it should be written.
The process is that simple. Now you can both review and trade by entering the projects released on SmartBCH.
MIST was a project that I was very curious about because it has only just begun to operate. It is possible to find very attractive APR rates in such newly opened swap exchanges. I should mention that I came across these attractive APR rates in MIST as well. I will talk about my impressions of MIST in more detail shortly. However, first I want to talk a little bit about SmartBCH.
We can briefly say that SmartBCH is a decentralized blockchain that wants to support and grow the Bitcoin Cash ecosystem, while making use of the infrastructure of BCH, aiming to provide both quality and inexpensive service.
SmartBCH was launched in August 2021. Therefore, we can say that He is still a baby. Those who activate SmartBCH are his parents, and those who develop projects on the network are his siblings.
So who are we then?
I guess we're his playmates too. The more time we spend and play with SmartBCH, the more we can contribute to its growth and development. Of course, playing games with him will allow us to improve as well. We will both learn more and make good financial gains.
Yes, those who want to be playmates with SmartBCH raise their hands.
Be sure to follow the MarketCap.Cash site to see all the projects developed in the SmartBCH network. On this site, you can find information about all projects. In addition to the market values of SmartBCH projects, you can access a lot of information including hourly, daily, weekly performances, market offers, contract numbers and website links.
Yes, now let's get to my first impressions of the MIST platform. First of all, MIST is a very new project. It hasn't even been a month since it started its activities. Despite this, the value of locked assets (TVL) in the farming section of the platform has already exceeded $5 million.
MIST can be briefly defined as a swap exchange where the tokens of SmartBCH-based blockchain projects can be exchanged and added as liquidity to the farm and pool on the platform.
For the tokens you deposit in the pool section of MIST, you receive a share of 0.25% of the transaction fees deducted from the trading made on the platform with the tokens you liquidite, according to the amount of tokens you deposited into the pool.
WBCH, flexUSD, and MIST can be paired with other tokens while adding liquidity to MIST's pool.
Among the tokens you can liquidite to the MIST pool are BCH, CATS, FLEX, flexUSD, MIST, KITTEN, ARG, ART, AWE, AXIEBCH, CandyMan, EBEN, FLCT, HAM, HODL, KTH, LAW, MAZE, SCF, Shiba, SPICE, sVNT, WRS, UATX, VANDALS, xMIST, MGOT, LIGHTING, ORB, PHA, sBUSD, POTA and ZOMBIE.
Apart from the pool, you can still earn profits by entering the "Stake" section of the platform and staking MIST Token. You receive a share of 0.05% of the transaction fees.
MIST Token earnings can be achieved thanks to attractive APR rates by creating LP pairs in the farm section of MIST.
The 9 LP pairs and APR rates currently available on the platform are as follows:
MIST/WBCH: Total locked asset value of $1,469,874. Annual rate of return (APR) is 1774% (4.8x365). This translates to a daily rate of return of 4.8%. So if you invest $100, you can earn $4.8 per day. The total daily MIST reward is 8,930,880. This amount is shared among all users who farm. As the number of people increases, the rate of return earned decreases.
MIST/flexUSD: Total locked asset value of $575,765. APR 1796%. The rate of return earned in one day is 4.92%. The total daily MIST Token reward is 3,544,584.
EBEN/WBCH: A total of $983,224 worth of assets are locked. It provides an annual return of 358% and a daily return of 0.98%. The total MIST Token reward distributed daily is 1,207,668.
FlexUSD/WBCH: Total assets locked at $1,918,065. APR 90.65%. The daily rate of return is 0.248%. The total amount of MIST distributed in one day is 992,595.
FLEX/flexUSD: Total locked asset value of $746.614. APR 349%. The daily interest rate is 0.95%. The total amount of MIST awards distributed is 893,988.
ORB/WBCH: TVL $87,022. APR 421%. The daily interest rate is 1.15%. The total daily MIST rewards distributed is 125,472.
KTH/WBCH: TVL $60,035. APR 610%. The interest rate given in one day is 1.67%. The total amount of MIST distributed daily is 125,472.
SPICE/WBCH: TVL $118,037. APR 310%. The daily interest rate is 0.849%. The daily MIST reward is 125,472.
ARG/WBCH: TVL 72.481. APR 505%. 1.38% daily interest rate. The daily MIST reward is 125,472.
The rates and prize amounts I have given above may vary depending on the amount of liquidity made. While I was preparing this article, the rates and prize amounts were like this.
As you may have noticed, some LP pairs have very high annual interest rates. I am definitely not giving investment advice. I wanted to explain what kind of a platform MIST, the new swap exchange on the SmartBCH network, is and what opportunities it offers.
Everyone should make their choice at their own investment risk.
Can we also do this in mobile?How do we add mist token in smartbch metamask? It should be under NFT aight?