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How to earn DeFi MoonToken

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Avatar for Pjman7
Written by   10
1 week ago

Warning Defi can be confusing my first time I stumbled my way through it and ended up spending more in fees than I had to so I am creating this guide to assist.

Let's take a new DeFi token project https://moonswap.fi/

https://www.coingecko.com/en/coins/moonswap

The site works in conjuration with uniswap.app

They offer a 4x return on MoonToken for depositing Sushi on Uniswap

Start by clicking on Get SLP it takes you to sushiswap.vision

https://sushiswap.vision/pair/0x795065dcc9f64b5614c407a6efdc400da6221fb0

Click on Add Liquidity

From here enter the amount of Sushi you would like to put into liquidity

Note you must have both Sushi and ETH in your wallet more than likely metamask

Now you will have to approve a transaction that locks the rate in which will cost you gas in ETH

Once processed you will now need to click supply and incur yet another gas fee But first it will ask you to Confirm

This is where the 2nd fee will occure this one will be even larger than the first

Once complete you can confirm the liquidity this is how you can pull your liquidity and get all your crypto back plus interest

What you have just done is received Pool tokens for the trade this is what you use to earn additional yield.

go back to https://moonswap.fi/

Find the Sushi-ETH and click Farm

Next click Approve Sushi-ETH Sushi SLP

here you will pay for another smaller transaction fee

Next click the + sign

Click Max and then confirm This is where you will pay a larger transaction fee

Once the transaction is complete your done! You are now earning MoonToken for staking your Sushi Token!!

Conclusions:

You will need to have a trading pair moon offers

  • Moon-ETH

  • USDT-ETH

  • USDC-ETH

  • DAI-ETH

  • SUSHI-ETH

  • YFI-ETH

  • SUSD-ETH

  • LINK-ETH

  • LEND-ETH

  • BAND-ETH

  • SNX-ETH

  • COMP-ETH

  • UMA-ETH

  • CREAM-ETH

  • FARM-USDC UNI-V2 LP

  • SWRV-ETH UNI-V2 LP

  • YFII-ETH UNI-V2 LP

  • FOR-ETH UNI-V2 LP

  • DF-ETH UNI-v2 LP

If you don't you would need to

There are 4 transactions you will have to pay fees for

  • This example cost .032958021 ETH in Gas which at current time is valued at $12.02 USD

If you provide liquidity for moon if you act FAST you will earn MoonToken quicker

If this guide helped you please consider a small donation to my ETH account 0x7677B3F9EA57e66EEA7A2D310c1AFec7Fe880182 or tip me within read.cash

Thanks

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Avatar for Pjman7
Written by   10
1 week ago
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