Farmacy Finance – The Progress Technique

The article explains easy methods to benefit from 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 every week after the Farmacy launch.

Earlier than we begin, you have to to know the 2 sort of tokens that we are going to be referring to on this article:

  1. SCT tokens — goals to keep up the peg with 0.01BNB token.
  2. 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 are going to assume that SCT is buying and selling above the peg of 0.01BNB (e.g. 0.8 SCT : 0.01BNB). Beneath are two plug and play strategies you could repeat to revenue from Farmacy Finance:

Technique 1- Depositing LP Tokens at The Farmacy to Earn PSHARE

  1. 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.

For example, to get the TRP-wBNB LP tokens, you have to 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 probably be deposited into your pockets. Make sure that so as to add the LP token deal with to see it in your pockets.

Observe: SCT tokens might be obtained by

A. collaborating within the genesis swimming pools

B. going to the Cut price 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’re going to get Gold Tablet (PSHARE) as your reward for staking your LP tokens.

3. You may promote the Gold Tablet (PSHARE) that you’ve earned or proceed with the second technique to compound your earnings.

Technique 2 – Staking PSHARE at The Physician to Earn SCT

  1. Gold Tablet (PSHARE) might be deposited at The Physician to earn SCT tokens.

Observe: 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 may obtain new heights. WAGMI! We sit up for your participation within the Genesis occasion!

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