Flurry Finance opens LP Farm pools on Quickswap (Polygon) with FLURRY reward
After launching rhoTokens on Polygon, we have finally come to the part which has been long anticipated by our community.
Flurry Finance is opening the LP farm pools for Polygon (MATIC) users on Quickswap today, offering 2 trading pairs:
- rhoUSDT/ USDT
- rhoUSDC/ USDC
To speed up the adaption of rhoTokens, users, who provide liquidity on Quickswap to the above pairings, will be able to stake the Quickswap LP token on Flurry LP Farm to earn a FREE FLURRY reward, starting from today to 28th February 2022.
FLURRY reward is only claimable after 28th February 2022 the last day of the campaign
FLURRY Reward Calculation:
6 FLURRY tokens will be shared by all RHO holders per block (block time on Polygon is around 2 seconds)*.
Total rewards to be distributed per week will be:
- Seconds in a day 86400/2 = 43,200 blocks a day.
- 43,200 blocks * 6 FLURRY = 259,200 tokens given in a day.
- For a total of 1,814,400 FLURRY tokens a week
*The processing time for each block on different blockchain varies. See here to understand more.
How to Farm on Flurry DApp?
Follow the demo below.
***Numbers and figures reflected are based on the Flurry testnet, not the mainnet***
1. Get the LP token on Quickswap
You will see different tabs with different currency pairs. Choose the token pair that you wish to provide liquidity on the Quickswap (DEX).
Let’s start with rhoUSDC/USDC pair! Open it and click the link “Get liquidity tokens” as displayed below:
You will land on the Quickswap page with the pairing that you have chosen on Flurry DApp.
2. Approve Token pair on Swap(s)
To begin with, connect your wallet to the Quickswap.
Then, key in the amount that you wish to put in the pool, and approve the Swap from taking the amount from your wallet respectively. It will charge you gas respectively as the item approved are two separate actions.
You can approve both tokens simultaneously.
Wait for the two notifications to pop once both approvals have proceeded.
3. Supply Liquidity and Mint for LP tokens
Click supply and put the approved token pairs to the liquidity pool to swap for LP tokens!
You can choose to add LP token to your wallet after you have clicked “Supply”.
Again, you’d see a notification pops once the LP token is being minted.
4. Farm your LP tokens on FLURRY DApp
Once you’ve got the LP token, head back to Farms on Flurry DApp (https://app.flurry.finance/farms)
(If you can’t seem to see the LP token next to “available balance”, refresh the browser.)
You can click “Max” to put in the LP token you’ve just minted from the swap, then click “approve token”.
Your wallet will pop up, asking your permission to approve the farming. Make sure you have sufficient gas before clicking “Approve”.
Wait until you see the notification saying “Farm — Approved” before proceeding.
5. Start Farming
Once the Farming is being approved, you will be able to click “Start Farming”.
Once you see the “Farm — Stake” notification, it means that you have started earning FLURRY reward.
See LP token Farm in Action:
The clip is demonstrated on Ropsten testnet on Uniswap, where the operation runs the sam for Farming LP token on Flurry DApp using Quickswap, which is the DEX on Polygon)
About Flurry Finance
FLURRY is a DeFi protocol offering yield aggregation with rhoToken, which is pegged 1:1 to its underlying stablecoin. It automatically farms for yields without locking up funds or interest earned by diversifying DeFi product risk, resulting in lower gas fees.
We automate the tedious task of locking/unlocking and switching in and out of DeFi products on different chains to generate yield. Current yield aggregators are limited to Ethereum based products or work on a single chain, whereas FLURRY aims to work cross-chain to look for the best yield after cost on different chains.
Contact Us
Announcement: https://t.me/FlurryFinance_News
Chat: https://t.me/FlurryFinance_Official
Twitter: https://twitter.com/FlurryFi
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Website: https://flurry.finance/
