DENA-WBTC Liquidity Farm Starts July 23th
Uniswap WBTC-DENA liquidity farm is introduced and now you can exchange WBTC for DENA. Also, the WBTC-DENA Liquidity Farming program will starts from July 23th, 2021 8:00 am UTC and until Aug 16th, 2021 8:00 am UTC (28 days). The farm period will be automatically extended to another 28 days unless there’s a special situation. (We will give a 14-day notice beforehand)
2,558 % Starting APR
- Starting APR for the staked(deposited) LP tokens and DENA market price at the timing of the writing.
Details about DENA-WBTC liquidity farming are as below,
- Farm Size
2,000 DENA will be allocated for DENA-WBTC liquidity farming - Farming Period
July 23th, 2021 8:00 am UTC and until Aug 16th, 2021 8:00 am UTC (28 days). - Farming Rate
500 DENA per week
72.4285 DENA day
The farming rate for individuals is proportional to the amount of LP Token they staked (deposited).
How to participate in Liquidity Farming
YouTube Tutorial Video has been created for the one who was confused!!
It is very straightforward. Just follow the video step by step.
https://www.youtube.com/watch?v=4MPnRwbDle4&t=2s
Join Discord and post your question at finance channel if you still have issues.
- Check rates of DENA liquidity farming at https://app.de-na.com/#/dena
Realtime APR/APY may differ between pools depending on total staked liquidity (LP tokens). - You will need the equivalent value of DENA and other tokens to be able to provide liquidity.
e.g. 500 USD value of DENA and 500 USD value of WBTC
Check the exact ratio of tokens required at the below links.
1. DENA/ETH pool at Uniswap
2. DENA/DAI pool at Uniswap
3. DENA/WBTC pool at Uniswap
- Decide which pool to participate in and get the required token pairs.
1. Get DENA>
2. Get DAI>
2. Get WBTC > - Add Liquidity and get LP (Liquidity Provider) Token of below pools
1. DENA/ETH pool at Uniswap
2. DENA/DAI pool at Uniswap
3. DENA/WBTC pool at Uniswap
Tutorial> - Stake (Deposit) Uniswap V2 LP token
1. Press the Deposit Button of the proper pool.
2. Press Deposit Button
- Check your farmed DENA
- Claim your farmed DENA
You will still be able to farm DENA even if you claim farmed DENA. - Unstake (Withdraw) LP token and farmed DENA
You will not able to farm DENA afterward. You will get your LP token back.
