Ref Finance V2 Kicks off with $pNEAR<>$NEAR Farming: A Step-by-Step Guide
The LiNEAR team proudly announced today that the native token of Phoenix Bonds $pNEAR has been listed on Ref V2 liquidity pool(DCL pool-concentrated liquidity pool), and users can now participate in Ref V2 farming(DCL farming) by adding liquidity to both $pNEAR and $NEAR tokens.
Check our previous announcement here:
https://medium.com/nearprotocol/ref-finance-launched-pnear-near-v2-liquidity-pool-db6424c79a9d
Wondering how to take part in Ref V2 farming? Let us help you out with a step-by-step guide.
Before you start, make sure you have a sufficient amount of $pNEAR and $NEAR in your NEAR wallet. Both tokens can now be traded on Ref Finance.
Now you have both $pNEAR and $NEAR, start V2 farming by selecting “DCL Pool” on the “Liquidity Pools” webpage. Choose $pNEAR <> $NEAR’s farm page, and click “Add Position”.
Enter the amount of $NEAR or $pNEAR you want to take part in farming, and set an ideal price range (the system will have a default range to ensure that the added liquidity is within the effective range of the farm, and users can also manually adjust it themselves). Then click the “Add Position” button at the bottom and confirm on the wallet side.
At this point, the system will jump to a new page, and you will find an NFT ID, which represents the liquidity position you just added, click the “Stake” button at the bottom and confirm it on the wallet side.
After confirming the transaction, you will see this window, and the status will display “Farm Stake”, and you are all set!
You can click the blue “Claim” button to receive farm rewards anytime you want.
Note: The effective price range of Farm will be adjusted every two weeks, please adjust in time to maximize farming efficiency.
About Phoenix Bonds
Developed by LiNEAR Protocol, Phoenix Bonds is a novel bonding mechanism that enables principal-protected amplified yield for end-users. Compared to the current ~10% average APY from $NEAR staking and liquid staking protocols, Phoenix Bonds can possibly amplify the yields potentially enfold or even more.
- Website: https://phoenixbonds.org/
- Twitter: https://twitter.com/LinearProtocol
- Discord: https://discord.com/invite/bkkvWwMf2T
Disclaimer: Nothing in this blog constitutes investment advice, performance data or a recommendation for any individual.
