How To Supercharge Your $ALEPH Yield Farming On Raydium.io
TL;DR
- Convert your $ALEPH & $USDC
- Fund your Solana wallet of choice
- Start farming! 👨🌾
Setup your wallet
We will use the sollet extension but feel free to use any other supported wallet. 👇
The first time you open Sollet you have the possibility to create a new wallet. You will be given seed words, make sure to save them offline somewhere safe. This is the only way you can recover your wallet, don’t lose them!
Setup your password! Even if it’s optional just make sure to do it!
Before you proceed you need to first send some SOL to your wallet. This is needed for the transactions we are going to do later. You don’t need much, you only need like 0.1 SOL. You can buy this on several exchanges like FTX.com or Binance.
Convert them tokens
There are two options to convert your tokens
- The easiest way is to go through FTX.com.
It’s as easy as depositing your ERC-20 and then withdrawing to your SOL wallet. The conversion to SPL tokens will be done automatically by FTX as they’ll see you’re withdrawing to a Solana wallet.
Note: To deposit your USDC under the “USD and Stablecoins”. - The other option is to do it yourself.
👉 Convert ERC-20 to SPL Tokens
Let those tokens work!
Once you fund your wallet head over to Raydium
- Add liquidity and enter the amounts (1, 2) you would like to provide. Then hit “Supply” (3) and “Approve” (4) the transaction with your wallet.
2. Go over to the Fusion tab (1), select the ALEPH-USDC LP pool, hit the “Stake” button (2) and “Approve” (3) with your wallet.
3. That’s it!
About Aleph.im
Aleph.im’s core mission is to help decentralized apps and protocols strip off the centralized parts of their stack, achieving a fully decentralized architecture. Our ecosystem achieves this by providing decentralized databases (including file storage), computation and a decentralized identification (DID) framework. You can think of aleph.im as a decentralized AWS or firebase.
About Raydium
Raydium is an automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX) to enable lightning-fast trades, shared liquidity and new features for earning yield.
