ARIES Blog
Published in

ARIES Blog

How to get started yield farming in 1 min?

Today I will explain how to easily use Yield Farming using Zapping.

Convert your tokens to LP_Token.

Zap is a feature found in early Yearn.Finance, which is to swap single asset such as #BNB #ETH #BTCB or #CAKE to depositable assets, or to LP_Token. This feature is free to use. (You have to pay gas fee.)

With this feature, users visit Pancakeswap, Wault Finance and JetSwap, bother to calculate your assets, swap in half to provide liquidity, receive LP_Token and return to ARIES FINANCIAL for deposit. Is no longer necessary.

I will introduce it because it is a very good function.

Preparation:

  1. Single token such as #BNB in Metamask.
  2. Check the asset pool you want to invest in. There are various ways to refer to APR or find your favorite project.
  3. You can see the details of the asset pool in Detail.
  4. The important thing here is what is the name of Farm? Remember this name. You will select it later when you “Zap”.
In this case, Farm name is “JetSwap”

Okay, So Let’s zap it.

Strategy

Current strategy is 96% of profit and burn $AFIB. It deposited the JetSwap’s Farm and sells the received reward ($ WINGS), swap to BNB, and use this BNB in the secondary market to buyback $AFIB. Platforms benefit only 4%. Always buyback $AFIB in the secondary market can be expected to be deflated.

Zap

You have #BNB and want to make a deposit into #WBNB-BTCB asset pool for Yield Farming.

This asset pool utilizes Farm in Jetswap. Now let’s use Zap to provide the liquidity of this pair.

Select Jetswap in the upper right window, select your asset (BNB) on the left, and select WBNB-BTCB on the right.

Easy, huh?

Is it like the this image? By the way, you can easily add this LP_Token to Metamask by clicking + on the right.

Click “Zap”.

Zap it.
It is such a transaction.

Click Zap to launch Metamask. Click Confirm to approve the Transaction. If approved, it will be displayed as Balance. (If it is not displayed, reload the page.)

You’ll be able to see your balance in balance.

Deposit

Click Farm to make a deposit. Click Max and then Deposit to launch Metamask. Click Confirm and approve.

Click “Deposit”.

If you make a successful deposit, you will start receiving rewards.

You’ll be able to see your reward here.

Your rewards will grow as if the crop grows. Please harvest when you grow up well.

How about that? Do you know that you can easily start?

Next, how to harvest and explain how to use Zap to swap AFIB to another token.

・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・

Follow us on Social media.

Twitter : @_AriesFinancial

Facebook : ARIES FINANCIAL Page

Telegram : Official Community

Instagram : @aries.financial

--

--

--

DeFi Aggregator

Recommended from Medium

Libraries, frameworks, swift packages… What’s the difference?

Containers, K8s and micro-services

Add Notifications to your AWS CI/CD Pipeline

LeetCode_211(Add and Search Word — Data structure design) 心得(Medium)

Jeff business intelligence tool transition: from Metabase to Tableau

Unit testing with JUnit5 and Mockk for Java developers who are new to Kotlin (just like me!)

Kubernetes CNI Calico Performance

DO PRO WORK

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ARIES FINANCIAL

ARIES FINANCIAL

ARIES FINANCIAL is a yield farming platform guided with Staking Pools. https://aries.financial/home

More from Medium

451PCBcom (PCB) whitepaper v2.1 released.

Bug in Solana Token Lending Contract Fixed, More Than $2 Billion Made Exploitable

On First Principles — Blockchain

Crypto Markets are highly volatile and needs exclusive expertise to trade crypto assets and new…