3 Ways to Earn with BURGER
In this article we want to show you 3 ways of earning with BURGER tokens.
1. Stake $BURGER in governance and participate in voting to earn staking rewards
Each vote will collect $BURGER mining rewards from the governance pool.
These rewards will be distributed proportionally to all users who stake $BURGER and participate in the vote. Please note that there is a minimum staking period, which is also subject to community governance.
2. Provide liquidity on $BURGER pairs on https://burgerswap.org/
Please be aware of the risks of providing liquidity!! Impermanent loss for liquidity providers (LP’s) can be particularly high on volatile assets or assets with very low liquidity!
By providing liquidity you will earn both mining rewards from the $BURGER liquidity mining pool, as well as a percentage of transaction fees on the specific pair. The mining rewards are only distributed among LP’s on $BURGER pairs. The transaction fees are distributed to LP’s on ALL pairs.
LP rewards and APR are highly volatile and are influenced by many factors in the system. read more about LP mechanism and risks here: https://uniswap.org/docs/v2/advanced-topics/understanding-returns
How to provide liquidity on BurgerSwap? Read on: https://medium.com/@bnburgerking/how-to-add-liquidity-and-list-your-token-on-burgerswap-bb4dbeb854db
3. Stake $BURGER with external parties
Recently the $BURGER farm was opened on fry.world. Here you can stake $BURGER and receive $FRIES in return for locking up your $BURGER. There is no lockup period and you can withdraw your staked $BURGER at any time.
You can trade earned $FRIES on BurgerSwap, but please be aware of the burning mechanism applied to $FRIES trades. Read more here: https://medium.com/@fryworld/successful-launch-update-roadmap-8cc136af7d05
Staking $BURGER in fry.world does not expose users to impermanent loss, but does stake your $BURGER in a third party contract.
We want to explicitly make clear that fry.world is not built or managed in any way by the BurgerSwap team. Fry.world is a separate project with a separate team, building a strongly complementary service for $BURGER holders. We are in close contact with the team and looking at further synergies to benefit users for BurgerSwap.
Links
- BurgerSwap announcement: https://medium.com/@bnburgerking/introducing-burgerswap-a-democratized-amm-on-binance-smart-chain-ac19287b5a2a
- BurgerSwap exchange: https://burgerswap.org/
- BURGER🍔 token contract: https://www.bscscan.com/token/0xAe9269f27437f0fcBC232d39Ec814844a51d6b8f
- Github: https://github.com/burgerswap-org/burgerswap-core
- Twitter: https://twitter.com/burger_swap
- Telegram: https://t.me/burgerswap
- Telegram Announcements: https://t.me/BurgerSwapAnn
