Users can now exchange Seedify in Pancakeswap, Bekaryswap, and Julswap with BNB/SFund pair. We can now provide liquidity on these Dex exchanges and farm Lp tokens.
Hey, I am Saykot, and today I will discuss Yield farming and staking of Sfund. How we can create an opportunity to earn more Sfund.
First, go to https://app.tosdis.finance/stake
For now, Tosdis is the only verified platform to stake and farming Sfund.
After entering Tosdis, connect to your wallet. Seedify is now in verified pools. Users simply can stake Sfund.
Currently, the APY rate is around 52%. For staking, just click on approve, a metamask pop up will open where it required some fees of BNB. After confirming, set what number of Sfund you want to invest in and confirm it. You can see your pool share % and can cal calculate how much you will make every minute from the pool. Seedify will distribute 100000 Sfund tokens till 26 Jun then it might be changed.
Yield Farming
Seedify allows BNB/SFUND pair for farming, providing liquidity in cake, bakery, and juls dex exchange.
Each pool will distribute 100000 Sfund and the cake pool will distribute 1300000 Sfund to the liquidity providers. Today I provide some liquidity in Bekeryswap. (Because I have few BNB in my wallet if anyone passionate about farming and bullish in Seedidy then you can provide liquidity cake-lp where reward per minute is much higher than the other two pools.)
Click Deposit SFUND-BNB then it will get you to the Bekeryswap add liquidity section.
I provide 40$ worth of tokens in both sections of the pair. And I got a 0.02% share of the pool. Click Supply and a pop up will come with details of the transaction. Gas fees were like 0.3$
After supplying. You can see your LP-tokens in the exchange also in the metamask. Then come back to the Tosdis and click stake and set your LP-tokens amount or click max and stake
Now I will earn a 0.016% share of the pool in every minute. You can see how many participants are in the pool and you Lp-tokens in the Tosdis.
There are also some drawbacks to farming. Keep in mind the Impartmanent Loss and the gas fees.
Personally I bullish on Seedify. Their fundamentals of the projects are great and their team management is very helpful. If you saw their whitepaper or plans, you will know how much they care about the communities. I hope they will come with a lot of updates in the future. (Don't flow with others) Do your own research before engaging with a project.
Official Announcement: https://seedifyfund.medium.com/sfund-yield-farming-guide-6333b91c2952
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