Ledger Nano Guide #3, Activate Liquidity Pool Staking on TBILL.io
At this point you have already entered the TFUEL/TBILL liquidity Pool on ThetaSwap.io as seen below.
Note: Liquidity Providers earn a 0.3% fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real time and can be claimed by withdrawing your liquidity.
To start earning the Static 50% APR, you must Activate Liquidity Pool Staking.
Activating Liquidity Pool (LP) Staking.
Click TBILL.io then Click Staking
Trouble shooting note: prior to connecting your wallet, clear your web browser cache.*
Click Connect Wallet
Enter Password
Click Unlock
The MetaMask wallet is now connected, it’s time to Activate LP Staking.
Click ON
Remember we are now using WebHID as our ‘Preffered Ledger Connection Type’ in MetaMask. No need for the Ledger Live App to be open anymore. We also have Blind Signing Enabled on our Ledger Nano device. If not already connected..
Connect your Ledger Nano Device to your computer.
Enter PIN on device, then..
Push Both Buttons Simultaneously
Click Both Buttons Simultaneously
Application is ready.
Click Confirm (contract interaction).
Push button on Nano device
Push button on Nano device (Blind Signing on device shows it is Enabled)*
Push button on Nano device.
Push button on Nano device.
Push button on Nano device. (Network 361 on device is Theta Mainnet)*
Push button on Nano device. (Max Fees on device is TFUEL)*
Push both buttons simultaneously on Nano device.
tbill.io says Activation pending.
Click OK
Activate LP Staking is now ON.
***Stats are delayed up to 20 minutes.
As you are waiting you will notice your MY STATS will partially fill. This is normal.
At the End of the 20 minute waiting period if your MY STATS have not fully populated, Click Page Refresh button in your browser.
The waiting period has elapsed & the full data for MY STATS has populated.
Every 10 mins we look and record a reward event, 144 of them per day. For example if you were providing liquidity in the TFUEL / TBILL liquidity Pool & the price of TFUEL goes up so does the amount of rewards as we look at the $USD price of both sides of the LP when making our APR calculation.
On the Staking page the displayed price of TBILL & TFUEL is weighted over 10mins so that if the market has a move up you get more rewards. In contrast The 24hr volume weighted avg is used for the Rebase function.
TBILL LP Staking Rewards are paid in TBILL Tokens. TBILL Rewards are sent directly to your MetaMask wallet at 00:00 UTC each day.
To fully Compound your LP Staking Rewards to earn extra APY.
You can do so by taking your daily TBILL rewards & matching them with an equal value of TFUEL & then Add Liquidity on ThetaSwap.io . Once done it will automatically reflect in your LP Staking Position (it may take up to 20mins to fully reflect)*. This method done daily will achieve 64.82% APY.
To Partially Compound your LP Staking Rewards to earn extra APY.
Alternatively you can Swap 50% of your TBILL rewards for TFUEL on ThetaSwap.io then Add Liquidity on ThetaSwap.io . Once done it will automatically reflect in your LP Staking Position (it may take up to 20mins to fully reflect)*.
Alternatively some may wish to Swap 100% of their TBILL rewards for TFUEL which can also be done on ThetaSwap.io
If you want to Exit your LP Staking Position completely. You simply Remove your entire Liquidity position on ThetaSwap.io
Alternatively you may also Partially remove liquidity on ThetaSwap.io & still remain ACTIVE in LP Staking.
See below article for TBILL Rewards CSV download on TBILL.io
Remove Liquidity TFUEL/TBILL, Ledger Nano Guide #4
If you haven’t seen our TBILL Medium Article
If you haven’t seen our previous Ledger Nano Guides.
Cheers All, GPooL 🍾
