ONI-BNB LP Farming: Information & How-To
Today we want to provide you with information & a detailed how-to for the upcoming launch of ONI-BNB LP Farming 🌾
What is ONI-BNB LP Farming?
From February 5th, 7 pm CET on you will find a new feature on the ONINO Farm, which will link you directly to PancakeSwap. There you can deposit your ONI token paired with the equivalent amount of BNB into the PancakeSwap Liquidity Pools (LP).
In return for providing liquidity to PancakeSwap, you will receive so-called ONI-BNB LP Tokens directly into your wallet. You can think of them as a kind of “pawn stamps” that you can use to reclaim your provided ONI-BNB liquidity.
These tokens can now be staked in the ONINO farm, analogous to the previous single token staking: For depositing your ONI-BNB LP tokens you will receive ONI tokens from our ONI Liquidity Mining Fund as a reward 🌾
How can I use the ONI-BNB LP Farming?
Here is a detailed step-by-step tutorial on how to use the new LP Farming feature:
Step 1: Visit Farm Website & Connect Wallet
Visit the website https://farm.onino.io/ and click on the “Connect” button to connect your wallet to the website:
Step 2: Select the ONI-BNB LP Farm
Click on the ONI-BNB LP Farm element in the list:
Step 3: Enable the Farm
Now you need to activate the LP farm just once in order to allow it to use your ONI token. For this, a little BSC gas fee is required.
Step 4: Provide Liquidity to get ONI-BNB LP Tokens
Click on the button “Get ONI-BNB LP”:
The link will redirect you directly to PancakeSwap.
On PancakeSwap, click the button “Connect Wallet” and select the wallet you want to use. Then, enter the amount of BNB/ONI that you want to stake to provide liquidity. Afterward, click on the “Enable ONI” button and confirm the transaction. Similar to Step 3, you need to allow PancakeSwap just once to use your ONI token. The transaction should cost a few cents in BNB gas fees.
After you have entered the amount of ONI/BNB you want to provide to the liquidity pool, please click on the “Supply” button and confirm with “Confirm Supply”:
Now click on “Add Cake-LP to MetaMask”:
Now you will see your received Cake-LP (ONI-BNB LP) in your MetaMask Account! You can think of them as a kind of “pawn stamps” that you can use to reclaim your provided ONI-BNB liquidity from PancakeSwap.
Step 5: Stake your Received ONI-BNB LP Tokens
Now go back to https://farm.onino.io, and click on the “Stake” Button:
In the appearing pop-up, please use the slider, the “Max” button, or the “Stake” input field to select how many of your LP Tokens you want to stake. Then, please read & accept the Terms & Conditions and the Risk Disclaimer, and then click “Confirm”:
Now your ONI-BNB LP Tokens are staked in the ONINO Farm for 30 days. After the 30 days staking period has expired, you can unstake your LP Tokens to reclaim your provided liquidity from PancakeSwap, or you can leave them in the farm to continue receiving rewards 🚀
If there are any questions, please feel free to ask for support in our friendly Telegram community 💙
We thank you for being a part of the ONINO project!
Your ONINO Team
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