Get high APY with PEM farms on Jumbo DEX: a step-by-step guide
Get high APY with PEM farms on Jumbo DEX: a step-by-step guide
Several Pembrock listings have recently gone live on Jumbo Exchange, alongside the launch of the two $PEM farms on Jumbo DEX. You can now provide liquidity and enjoy high APY on PEM Jumbo farms — explore how by reading the guide below.
Key facts:
1. Users can swap the following coins:
- PEM-wNEAR
- PEM-USN
- PEM-JUMBO
- PEM -USDT
- PEM -stNEAR
2. Users can provide liquidity and get fantastic APY by staking in the following PEM farms on Jumbo:
- PEM -wNEAR / with rewards in wNEAR
- PEM-JUMBO / with rewards in wNEAR and JUMBO
Make sure to provide liquidity today and start earning rewards! Here is your step-by-step guide:
Step 1: Go to https://jumbo.exchange/ and connect your NEAR Wallet.
Step 2: We will be providing liquidity to the PEM-JUMBO Pool as an example. Ensure you have the corresponding number of both tokens in your $NEAR wallet, and that they are equal in value once put them into the pool. Swap tokens at https://jumbo.exchange/swap if you don’t have enough.
Step 3: Go to the Pool section https://jumbo.exchange/pool and select the pool needed. Make sure it says Farming available.
Step 4: Click +Add Liquidity and enter the number of tokens you wish to add.
Step 5: Click Add liquidity again to verify the transaction. Now you have your desired amount of PEM/JUMBO pool shares.
Step 6: Go to the Farming page, search for the corresponding PEM farm and click +Stake.
Step 7: Click MAX to stake all your shares and approve the transactions.
Step 8: Congrats, your shares are staked! As of now, you will be receiving high APY in tokens rewards.
Please note that you can Unstake your shares and Claim rewards at any time or add more shares.
There is another risk-free way to boost your shares — be in the running to join our LP incentivization program!
Currently, our LP incentive is live with Ref Finance only, so feel free to farm in the PEM-JUMBO pool for now and stay tuned for the PEM LP incentive to launch with Jumbo shortly.
