SuperRareBears $RARE DeFI ( the post LKMEX era)
Can 🐻 do DeFi on MultiversX?
With the recent changes to the MEX Tokenomics there came a need to adapt our current reward system and find alternatives to XMEX rewards.
After over 18 weeks on JEXchangeP2P and using LKMEX buy order to give $RARE value we took the hard decision to move away from JEXchangeP2P and stop offering XMEX rewards
With that in mind, we have made an additional effort to provide liquidity and list our $RARE Token on the Jungle DEX
An initial liquidity of $ 5000 USDC and 1,250,000 $RARE has been added to the Jungle DEX at a starting trading price of $ 0.004, and a further $ 3000 USDC and $RARE equivalent has been added additionally.
If you are new to MutliversX you will need a MultiversX wallet
https://wallet.elrond.com/create
or the Maiar APP to download
How to use Jungle DEX on MultiversX
Step 1️⃣
Navigate to 💻
Swap • Jungle • DEX (jungledex.com)
Step 2️⃣
Connect your wallet via your preferred method
4 Options available
1. Maiar DeFi Wallet only Google extension https://chrome.google.com/webstore/detail/maiar-defi-wallet/dngmlblcodfobpdpecaadgfbcggfjfnm
2. Maiar APP
3. Ledger
4. Web Wallet
Step 3️⃣
Approve your incoming Wallet connection via your device, in this case we are using Maiar APP on Mobile and PC for the Jungle DEX
Make sure you always check the URL, the Jungle DEX has a handy Scam/Phishing verification
Step 4️⃣
Swap your EGLD or USDC for desired amount of $RARE, paying attention to the slippage and minimum amount received
Step 5️⃣
Your swap confirmation
Step 6️⃣
Confirm transaction on your Maiar device
Step 7️⃣
Sign Transaction on your device
Congrats 🎉, you just made your first transaction on MultiversX
How to add Liquidity to the Jungle DEX
1️⃣ Navigate to 💻
Make sure to double check that this is the correct website
A Scam/Phishing verification:https://jungledex.com link should appear at the top
2️⃣ Connect to Maiar Jungle DEX via your preferred option
3️⃣ On the swap page select $RARE from the drop-down menu RARE-99e8b0
4️⃣ Swap your EGLD or USDC for the desired amount of $RARE, if you already have $RARE from staking rewards you can skip this step.Sign transaction.
5️⃣ Next, we will need to swap to an equal amount of USDC, to match the $RARE purchased previously
Again, select your desired currency, you wish to sell for USDC and perform the swap.
6️⃣ Head over to “Liquidity”-Add Liquidity” section of the Jungle DEX
7️⃣ Select $RARE against USDC from the drop-down menu.
As soon as you fill one of the boxes with amount of $RARE-USDC the other box will get filled automatically.
Once you have done this step, expand the view page before signing transaction
You will get a detailed view of Pool share and USDC value
Pay attention before signing transaction.
8️⃣ You can now sign the transaction and add liquidity to $RARE Pool on Jungle DEX, your portion of the Pool will be visible
You are now capturing a portion of the DEX fees based on LP amount and trading volume on $RARE-USDC pair
DeFi on Quantum X Farm and Pools
Now that we have some $RARE and $RARE Liquidity we can start earning some yield with our Farm and Pools from our Partners Quantum X Network
There are 4 options available on Quantum X, we will have a step-by-step approach on each and analyse the rewards that they produce.
Option 1 is the LP Farm with the highest APR on MultiversX, 115% APR at the time of writing, your yield can be considerably higher if you compound.
Stake your LP earn rewards in $RARE after a full epoch of Staking, three days lock period, resets every time you add to the Pool.
Claiming rewards does not affect the lock period.
Option 2 we have another innovative Pool and a MultiversX first.
Stake $RARE earn EGLD, the EGLD rewards are coming from Royalties accrued from 🐻 Sales on the NFT Market Place over a 14-day period.
Pool rewards are variable, for example the🐻Sales over two weeks are 200 EGLD, 10% Royalties means 20 EGLD, 50% goes to the Quantum Pool, so the Pool rewards will be 10 EGLD over a 14-day period.
3 Days lock period, APR at 57% currently
Option 3 is another MultiversX first, stake $RARE earn a fractional NFT.
In this Pool you stake $RARE you earn $PRICK ESDT, this can be exchanged when you have 1 $PRICK for one Abominator NFT.
You can purchase or trade additional $PRICK fractions on JEXchangeP2P
https://app.jexchange.io/searchoffers?token_a=&token_b=PRICK-744592
Collection available here
https://xoxno.com/collection/PRICK-f2c847
Pool is valid for 140 days and holds 140 $PRICKS in total, rewards are variable based on share of the Pool.
No lock period.
APR is not visible on the Pool, only rewards visible after one full Epoch.
Remember once you get a full token send to this address to claim your Abominator NFT
erd10la2097ad20huzzzl5h57as7pm7s8maf3g69f3dhq8gqgvglu4espfn6m0
Option 4 stake $RARE earn USDC
In this Pool you stake $RARE you earn USDC, current APR is 75%
Currently rewards are coming from SRB Foundation Wallet, the Pool has been topped up with 400 USDC over a 28-day period
3 Days Lock period
Now that we have a clear summary of all the Farms and Pools it’s time to get a Step-by-Step Tutorial on how to stake in the Pool and how to claim rewards
USDC-$RARE LP Farm
1️⃣ Navigate to 💻
2️⃣ Click on the Connect button at the top right corner of the screen, you will be presented with 4 options to connect your wallet
3️⃣ Connect via your preferred method
4️⃣ Approve your incoming Wallet connection via your device, in this case we are using Maiar APP on Mobile and PC, for that we will use the X Portal option, scan your QR code on your device and approve
5️⃣ Navigate to the Farm page, find RARE-USDC-LP Farm, and click on the Stake LP button
6️⃣ Select the amount you wish to stake in the Farm, there is a handy % button, you can opt for 25%, 50%, 75% or maximum
7️⃣ Click confirm and sign transaction on your device
8️⃣ Congrats you just staked in our Quantum X RARE-USDC-LP Farm, your rewards will be claimable every full MultiversX Epoch at around 15.40 UTC, if you staked after this time your rewards will need two Epochs to accrue.
9️⃣ Rewards are easy to be claimed, pressing the Harvest button, and signing off the transaction. There is a handy earned rewards section which keeps track of your total earned rewards
🔟Click harvest button, confirm transaction on your device
Let’s move on to the next 3 Single Asset Pools available on Quantum X
Assuming that we are connected already to our wallet, we will skip those steps.
Stake $RARE earn EGLD Pool
1️⃣ Navigate to 💻
2️⃣ Select the amount you wish to stake in the $RARE Pool with EGLD Rewards, from in between 25%-100%
3️⃣ Click confirm and sign transaction on your device
4️⃣ You have successfully staked your $RARE in our Pool, capturing a share of our Market Royalties
5️⃣ Rewards are claimable following the steps outlined in the previous Tutorial, every full MultiversX Epoch and are based on your size of share of the Pool.
Stake $RARE earn $PRICK Pool
1️⃣ Navigate to 💻
2️⃣ Select the amount you wish to stake in the $RARE-$PRICK Pool, from in between 25%-100%
3️⃣ Click confirm and sign transaction on your device
4️⃣ You have successfully staked your $RARE in our Pool, capturing a share of our Abominator Collection
5️⃣ Rewards are claimable every full MultiversX Epoch and are based on your size of share of the Pool
Stake $RARE earn USDC Pool
1️⃣ Navigate to 💻
2️⃣ Select the amount you wish to stake in the $RARE with USDC Rewards Pool, from in between 25%-100%
3️⃣ Click confirm and sign transaction on your device
4️⃣ You have successfully staked your $RARE in our Pool, capturing a share of USDC Rewards
5️⃣ Rewards are claimable every full MultiversX Epoch and are based on your size of share of the Pool
