The article explains how you can make the most of the Genesis Swimming pools the place you’ll farm SCT tokens for a low 1% deposit charge. After acquiring your SCT tokens, you possibly can bond them into TRP tokens. The bonding of SCT to get TRP tokens will solely be launched roughly per week after the Farmacy launch.
Earlier than we begin, you will want to grasp the 2 kind of tokens that we are going to be referring to on this article:
- SCT tokens — goals to keep up the peg with 0.01BNB token.
- Gold Tablet (PShare) — A measure of the worth of the Farmacy Finance Protocol and shareholder belief in its potential to keep up SCT near peg.
For the sake of simplicity, we’ll assume that SCT is buying and selling above the peg of 0.01BNB (e.g. 0.eight SCT : 0.01BNB). Under are two plug and play strategies you can repeat to revenue from Farmacy Finance:
Technique 1- Depositing LP Tokens at The Farmacy to Earn PSHARE
- There are three sorts of LP tokens that may be farmed at The Farmacy
⇛ SCT-wBNB LP tokens
⇛ TRP-wBNB LP tokens
⇛ PSHARE-wBNB LP tokens
To get the LP tokens, go to PancakeSwap ⇛ Commerce ⇛ Liquidity ⇛ Add LIquidity.
As an illustration, to get the TRP-wBNB LP tokens, you will want to have each TRP and wBNB tokens in your pockets so as to add liquidity.
Upon getting added the liquidity efficiently, the LP tokens will likely be deposited into your pockets. Ensure so as to add the LP token handle to see it in your pockets.
Word: SCT tokens might be obtained by
A. collaborating within the genesis swimming pools
B. going to the Discount Bin in Farmacy Finance and bond wBNB to get SCT at a lower-than-market worth.
C. buy on PancakeSwap outright
2. Upon getting your LP tokens, head to The Farmacy and deposit them to the right pool. You’ll get Gold Tablet (PSHARE) as your reward for staking your LP tokens.
3. You possibly can promote the Gold Tablet (PSHARE) that you’ve got earned or proceed with the second technique to compound your earnings.
Technique 2 – Staking PSHARE at The Physician to Earn SCT
- Gold Tablet (PSHARE) might be deposited at The Physician to earn SCT tokens.
Word: PSHARE might be obtained
A. as a reward ensuing from the primary technique
B. by buying on PancakeSwap outright
2. Upon getting claimed your SCT tokens
A. Promote half the SCT tokens and bond the remaining for TRP on The Black Market.
B. Use half the revenue from SCT tokens to purchase PSHARE tokens. Deposit your PSHARE tokens at The Physician to compound your earnings.
It’s our hope that with the launch of Farmacy Finance, we can make TRP extra sustainable and might obtain new heights. WAGMI! We sit up for your participation within the Genesis occasion!