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Adding Liquidity for my BCH/KITTEN LP Tokens in MuesliSwap

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Avatar for Ruffa
Written by Β Β 1084
1 month ago

I don't really have a plan to try Farming in any DEX out there even if the APR is higher than the rate of me getting a Juwa. I will never try it if it's not paired in stablecoin - coz you know as the word imply stable coin. So impermanent loss is a bit less than if it's paired in a coin or if it's a pair of coins and token. You know how volatile those coins and tokens are, you can expect impermanent loss here once the coins or tokens that was paired in it dumps. Wait, let me just warn you a bit. Know that when I explain things, expect a massive headache whilw reading it as I am really not good in explaining. So, yes please correct me if I'm wrong with what I'm blabbing here.

So yes, the reason why I am not too fond in adding Liquidity in LP Tokens in any pools is that it's risky. And you know that if it's risky then you can get a nerve wracking feeling in it while staking your LP Tokens. I might just get a headache in thinking of what might gonna happen if one of the paired tokens or coins on my LP tokens dumps, then what's gonna happen to me? I can be over reacting sometimes but I want to go in the safest route than to try diving in the unknown territory, lol. But, my thinking changed when I read Bmjc article about How she Lost 73K $CATS And 37 $EBEN In LP. You can just read it if you want. I trust that KITTEN will pump more so if ever I lost some of my BCH while staking my LP tokens, I will have more KITTEN naman.

After reading that, I just suddenly thought of staking my $KITTEN in MuesliSwap Farm. I got that $KITTEN from the last airdrop and till October 12 I'm still hodling it but then I decided that time to add Liquidity for it to earn Milk. And I'm just happy that I did because, I'll tell you why later. In adding Liquidity the coin you want to pair should be as the same value with your token. Like it should be 50/50. And remember that if one of them dumps you may loss your other asset but you can gain more in the other one. And it's really risky as what I've said above. So if you want to try Farming please Do Your Own Research.

So now I will tell you my Journey in staking my LP token in MuesliSwap Farm and yeah I will just leave it there and see it grow - I'm hoping here.

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So the first step here off course is to know more first about SmartBCH. And you can start in The Ultimate Guide to SmartBCH for Newbies. And you can also see the full guide in there on how to send your BCH to Metamask as a sep20 token, from setting up your Metamask and all. There's a screenshot in here too so if you want to start just read it carefully and know more about it.

Next is getting the token you want to pair with your BCH. As for me I have my KITTEN already so I choose the KITTEN - BCH LP. If you don't have KITTEN you can just get that in MuesliSwap Exchange and swap your BCH to get a KITTEN. By the way I prefer MuesliSwap as I really want to earn more Milk from it so that's that. But you can also try in Mistswap.

So because KITTEN pump already the value of it now is very different to the time I started staking it. That 1761000 KITTEN before was just 0.0246 but now it has a value of 0.0519151 BCH. But anyway let's proceed, you have to approve first your KITTEN before we can swap it. You need to pay for a fees but don't worry coz it's not really that much. Just wait for it to be completed - it won't take that much of time - and after the transaction was complete you can now SWAP your BCH to get you KITTEN off course there's a fee.

Now that you have your KITTEN you can now proceed in adding Liquidity to a Pool. You can go to the TRADE, then choose LIQUIDITY.

Adding Liquidity should be with the same value with your token, as I've said it should be 50/50.

Put the amount or just tap the MAX and it will automatically appear in there just like in the Screenshot. To get your LP token you need to enable your KITTEN first, and you should know already that in every transaction there's a fee. Don't worry it won't cost you that much. After enabling it you can now supply it and to supply it you just need to confirm it.

I will get a my BCH/KITTEN Pool Tokens with a total of 0.00000207386. Tap Confirm Supply, pay for the gas fee, wait and then after successfully confirming it. You can finally start staking your LP Token in thr Farm. Just tap FARM.

First, you need to enable it before you can stake your LP Tokens. You need to pay for a fee again and after that you can now proceed in staking it. Just tap MAX and then hit CONFIRM. And then DONE.

You can just leave it there, let it work for you to earn MILK. As you can see I already earn 8.446 MILK. And before, I only have $29+ value of LP Tokens in my Tokens. But now the value grow already and that is awesome because KITTEN is pumping yayy.

By the way, I started staking my LP Tokens last October 12 - so it's running for 10 days now and so far so good. And if you have a plan to try this, always remember to DYOR!!!!!!

THAT'S that.


I don't know if I explain it right but I hope πŸ™ˆ. And I want to submit this as my entry in @MoreGainStrategies KITTEN Writing and Creativity Contest I'm not sure if this is acceptable but I hope so, UwU. And you know guys, when I saw that KITTEN is pumping I feel more excited and I thought good thing I follow what's my animal instinct told me. Instead of just holding it in my wallet why not put it to work, and so I did.

0xAD2B1235E337Ce7364df88828Eb30D0E20230D5D

I accept any kind of donations, love donation is also accepted. HAHAHAHA. Just kidding UwU.


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October 22, 2021

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1 month ago
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Comments

May bago po pala ..late na ako sa mga balita pagdating sa ganito πŸ˜…. Sa Metamask din po ba ioopen yung Muilswap?

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1 month ago

Sobrang daming bago kaya gora kana din but dyor boi.

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1 month ago

Sipag naman talaga mag grind ni ate.. Ang tyaga mo aralin ang mga ganyang bagay..

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1 month ago

Hahaya kelangan ee pag extra ince din hehe. Aralin mo na din.

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1 month ago

Pag nagkaextra time sis.. Dami pang ganap sa work ngayon eh..

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1 month ago

Mare nagtry ako nito kaso hindi ko talaga alam kaya more research pa ako kaso utak ko hindi mag cooperate hahaha. Congrats sa na gain mo na milk mareπŸŽ‰πŸ˜Š

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1 month ago

Hahaha, naku mare ganyan na ganysn din ako need marami basa. Try and try mo lang ulit basahin magagamay mo din yan

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1 month ago

Gagamay ko talaga mare para sa ekonomiya ahhahaa

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1 month ago

Yes naman ganysn ngaaa haha

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1 month ago

Gusto ko mag staking ng tokens ate pero hindi ko pa kabisado lahat, Congratulations Po at naka gain kana ng MILK.

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1 month ago

DYOR muna bata, makakabisado mo rin yan.

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1 month ago

Yes Po! Opo hehheh Ate!

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1 month ago

Hanggang ngayon di ko parin alam yung mueliswap na yan .....ilang buwan lang ako nawala andami nang nagyari🀧

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1 month ago

Hahaya bat nga, na busy sa module ba? Haha

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1 month ago

d pa ako nakakapag muesli..

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1 month ago

Benswap ata gamit mo?

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1 month ago

Great, i'll follow your guide link on how to begin life with the smartBch and at least be earning like you. Thanks for the guide

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1 month ago

Sure sure, but do your own research too okay

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1 month ago

I guess it's about time I did some wise learning of how this smartbch works and the risks it contains

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1 month ago

Oh Good Luck then, you can do that πŸ’ͺ

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1 month ago

I have a question, why do you guys always say DYOR ?

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1 month ago

It mean Do Your Own Research 😁

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1 month ago

Wow lakas naman mag pair! Hahaha ako ayoko talaga🀣

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1 month ago

Hahaha try lang, sayang kitten kasi naka tengga lang haha

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1 month ago

Just put a bit in muesliswap hope it will gain a profit too.hehe

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1 month ago

Yes naman, asahan na natin yan yayyy hihi

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1 month ago

I'd save this one. May matututunan ako dito about LP. Mahusay ako maghodl lang eh. Hahaha, ngayon I wanna try na pagauin naman.

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1 month ago

Haha, go go go. Kaya mo yan basta alamin mo din ang risk muna.

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1 month ago

Aye aye!! Pwede ba dm kita sa TG kung may questions ako? Hehehe.

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1 month ago

Ay sure, basta alam ko sagot ay ahahahaya

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1 month ago

Thankie!!

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1 month ago

How to upload video madam? Hndi tlga gumagana sakin.. Btw, check mo bka nbawasan na yan 🀣 volatile ang price haha.. Bumaba ang milk

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1 month ago

Gif yun madam hahaha. Malamang nga un, pero keri lang ahahaha. Nag buy back aki sa milk. Ikaw?

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1 month ago

Hndi pa

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1 month ago

Grabe talaga kayu ka sisipag kaka amazed hehehe laban lang madam rufs. Pag ganito na talaga topic wala nako di maka relate di pa kase handa pasukin talaga yan may daily work eh hehe God bless sa lahat ng mga masisipag.

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1 month ago

Hahaya, aralin mo na din sya next kaya mo yan fighting

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1 month ago

This is informative. A big thanks to you...

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1 month ago

Waaaah sana all naka participate.. tapos na ata to today diba?

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1 month ago

Pwd pa ata kaso kasa late submission ay may bawas ang reward? Not sur3 ahahaga

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1 month ago

kailangan ko pa mag research uli about dito at araling mabuti para maka join na ulit ako sa pag farm hahah

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1 month ago

Haha good luck Noona sana'y ganahan ka sabayan mo ng Kai para mas sipagan ka hihi

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1 month ago

at gising ka pa nga talaga sa oras nato

pano ka tatangkad niyan hahah

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1 month ago

Hahahaha agad ko natulog kanina Noona saka wala ng pag asa ang pag tangkad ko. Katulad ng wala ng pagasa ns mapasayo si Kai πŸ‘»πŸ‘»πŸ‘»

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1 month ago

may pag asa pa baby gerl...naka daupang palad ko na siya dati pero baka sa susunod naming pagkikita ay ma yakap ko na xia

wahaahhhhhhhhhhhhhh

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1 month ago

Ako na nagsell na ng Kittens πŸ₯² HAHAHA sinell ko na binili kong pusa dati dina kasi umuusad. πŸ₯Ί

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1 month ago

Tumataas sya sayang

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1 month ago

I need to bookmark all these posts from ya'll and have to start trading too...

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1 month ago

I don't really like any farming. I tried and I ended up in loss. This is not to discourage you, because you can gain a lot. I am staking my coins in decentralized autonomous organization (DAO), where I get 0.5% in every 8 hours and it is compound interest as well. I do it in two seperate projects and i got in on day 1 on one of them. This is long term staking, but you can unstake any time. This one is very risky too.

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1 month ago

Oh, when it comes to Cryptocurrency all of it are risky 😩. But let's still hope for the best

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1 month ago

Congratulations 🎊 +1000 subscribers! I told you. Keep the good work!

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1 month ago

Hahaha thank you πŸ˜‰πŸ˜‰

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1 month ago

That k you for your submission into the writing contest and congratulations on the MILK gains. MILK had a drop today, but I'm optimistic that it will pump again. πŸ˜ŠπŸ’š

The impermanent loss is definitely a risk, but if the token is trustworthy and won't rug pull over time the high APY should outweigh any permanent loss. 😊

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1 month ago

Yayy, thank You 🀭. Yeah, someone inform me about that. I actually bought more of it just now hihi.

Yes yes, and I Trust those Token I have so I will keep them in hodl πŸ’ͺ

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1 month ago

That's great. Are you close to 10 million KITTEN (including the ones in the liquidity pool)? If so, you qualify for extra rewards. 😊

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1 month ago

Sad to say I only have that πŸ™ˆπŸ™ˆ

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1 month ago