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Staking JULD and BUSD LP in JulSwap to Earn More JulDs: Make Your Money Works For You.

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Written by   121
2 months ago

The alt season is just around the corner and that will be a very exciting moment to witness our holdings/cryptocurrencies growing in a parabolic way. We have seen how Bitcoin is growing, then Ethereum breaking its new all-time high and massive moves along with other cryptocurrencies and just lately most large caps like EOS and Bitcoin Cash growing massively.

According to some analysts, the crypto cycle goes like from Bitcoin to Ethereum to large caps and then time for alts to shine. And currently, we have seen most of the large caps going parabolic and that would mean that anytime soon, it's alts' time.

What Does Alt Season Mean?

To put it simply, it's all the other cryptocurrencies, aside from Bitcoin, to go vertically upward ways no matter how large its supply is or how low it is in the market cap.

Building My Position with JulD.

I recently made an article about JulD and JulSwap DEX and explained basically how JulD is a very undervalued gem compared to other BSC tokens.

You can read it here: https://read.cash/@Kryptlook/julswap-julb-and-juld-the-undervalued-gem-what-are-they-8aff7853

I have just explained about JulD, JulB and JulSwap in that article but in this article, it will be about providing liquidity, staking and earning JulD for future purposes.

And for managing the risk in cryptocurrency, I only have a small amount of JulDs that I bought for $200 and another 200 BUSD to pair with it to provide Liquidity.

JULD's price drop at the moment of writing this article.

How to Provide Liquidity and Stake JulD?

Let's go for the basic first;

First you would need to have a non-custodial wallet like Trust Wallet. You can't use centralized wallet/exchanges like Binance Exchange to stake with decentralized exchanges like Pancakeswap, BakerySwap and JulSwap. That's just not possible, for now.

And make sure to save your private key or the seed phrase of your wallet because once you lost it, your funds might lost too when you lost your device where you wallet was installed.

Let's go to the staking:

Of course, you need some funds to buy JulDs and and an extra BUSD to pair with it.

Go to your dApp browser and search for JulSwap exchange.

After clicking it, you will be redirected to the swap feature and there you can buy JulD.

You can use BNB, BUSD or USDT BEP20 to buy this token.

And make sure to connect your BSC wallet in the DEX to successfully use your funds to buy a token.

Providing Liquidity with JULD and BUSD.

Now let's have an example;

Let's say that you have bought $100 worth of JulD and you want to provide Liquidity with BUSD. because you bought $100 of JulDs, you will also be required to have an extra 100 BUSD for providing Liquidity of these two.

When you now have all of those requirements, just confirm the Liquidity pair and you need to have around $0.50 worth of BNB to pay the transaction fee.

This is how it looks like when confirming. I received 366 LP tokens for 180$ worth of JulD and 180 BUSD.

Staking My LP Tokens for More JulDs.

There are lots of pairings in JulSwap but I chosed the JulD/BUSD pairs because it incentivizes JulD as a reward. I should have use the JULD/JULB pairs but I don't want to waste any more fees just to redo it.

This pair currently have 133% APR and it can change depending of the price of JulD. The higher the better.

So, when you already have your LP tokens from providing Liquidity in the JulD/BUSD pair, you can just simply stake it. Of course, you will be required to pay for transaction fees again. It's a hassle but it will be worth it in the future.

Refering to the last image, I already have 47 JulD in just 1 week of staking.

And the current price of JulD (May 07,2021) is $0.18, which means;

47 x 0.18 =$8.46, at the current price of JulD.

And look at that, I can have almost 10$ every week and in this alt season or in the near future, 1 JulD can be worth $1 each, which means I was like having almost $50 per week.

Closing Thoughts.

I missed the boom of Pancakeswap and the opportunities it offered last month, and I bearly catch up with BakerySwap's trend but in JulSwap and JulD, I'm so early with it. And you could be too.

Note: This is not a financial advice. Please do your research first. Trade and invest at your own risk.

FIN.

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Comments

Kapag pair, diba may impermanent loss yan? Paano kapag tumaas ang price and paano kapag bumaba? Naguguluhan kasi ako sa impermanent loss haha

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2 months ago

Sorry late, nabusy e. Pero pag tumaas price ng token bababa quantity ng token mo pero madadagdagan busd mo. Kabaliktaran naman kung bumaba

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2 months ago

Passive income talaga yan ay o, laki ng puhunan oi 🤩. Ang yayamaninnn.

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2 months ago

Nag diversify lang 😂 kesa masunog sa future hahaha

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2 months ago

Sabagay hahaha, baka bukas mayaman kana ha wag mo kami kakalimutan hahaha

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2 months ago

Hahanapin ko pa kayo, pero Sana yumaman muna 😂

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2 months ago

Hahaha, sureball na yan wag mo lang papatalo ss trading aguii 🙄

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2 months ago

Play safe na ako 😂

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2 months ago

Laki na ng profit.. 😁

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2 months ago

Pang passive income na 😁😂

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2 months ago