Guide On How To Stake MartinB On TangoSwap With Double Rewards
So for this article we are going to talk about the steps on how to farm on TangoSwap specifically for MartinB and BCH pair (well, process is basically the same with other tokens lol and similar in others DEXs too).
Let me brief you first on what is staking with LP tokens or sometimes called LP mining.
LP mining let's you earn passive income by locking your tokens into a "vault". It requires you to have special tokens called LP tokens which are the tokens you obtain if you provided liquidity for a certain token pair on a dex, in this case for MartinB/BCH pair on TangoSwap. You, in return, after successfully locking or staking your LP tokens will earn 2 tokens which are MartinB and Tango.
1st Step: For extremely beginners, you will have to setup your Metamask wallet first, make sure you configure it with smartBCH Network and bridge your desired amount of BCH tokens. I want to keep this short so for that you can refer to this articles written: here for setting up Metamask by @Phace and here for bridging your BCH/ETH/BSC/SOL etc. into SmartBCH by @Pantera.
2nd Step: Go and click this link to direct you to TangoSwap. Connect your wallet and trade your BCH for MartinB tokens. Just type the amount you want to spend, click on swap, and approve the transaction on your wallet.
Also make sure you click "Add MartinB to Metamask" so you can see your token balance after the transaction has been confirmed. If you haven't, import this contract: 0x4EA4A00E15B9E8FeE27eB6156a865525083e9F71 manually on your wallet.
On the other side, OTC or Over-The-Counter sale is available too. Contact @Mexzydoo on Telegram to buy MartinB with discount.
3rd Step: Next, navigate to Liquidity tab. Select MartinB token and BCH as your pair or just go here so you won't have to add them manually.
4th Step: Enter the amount of tokens you want to provide. Take note that they need to be even in weights meaning the value of tokens you'll supply needs to be same or equal for both. E.g. 151,094,000 MartinB x 0.01 BCH both value in US dollar is~$3.114. Just click on max for MartinB if you plan on staking all of your MartinB tokens. Click on approve and confirm the transaction (it is only once, it won't require you again if you want to add more tokens later).
The step will not end here yet, after the transaction is confirmed click on "Add Liquidity" it will trigger another transaction you have to approve as well.
5th Step: We're coming to end. Click on the Farm tab and select 2x Reward Farms or navigate to this link and scroll down to find MartinB/WBCH farm pair.
6th Step: Click on MartinB/WBCH farm pair, it might confuse you as to why is it WBCH instead of BCH but don't worry as the DEX's the one who will automatically make your BCH to Wrapped BCH, it will show you this:
You will need to click approve again and pay a bit of gas fee, then after that you can click on max (the on the left, the one on the right is for unstaking) and finally click on stake. Wait for the transaction to be confirmed and you're done.
Congrats! You have successfully staked your tokens and is now earning passive income with approx. 360% APR! Since it is a 2x farm, you'll earn both Tango and MartinB as rewards. Just click on harvest if you feel like you've gain enough, you can claim again and again as long the farm is still around and you're still staking.
Do the same step if you want to add more tokens, don't need to unstake and such. Click on max then unstake botton if you want to stop staking. Remember to remove your liquidity too if you want to access your tokens again.
Thanks for reading 🤗
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