May 9
Earn up to 75% APR on liquidity farming!
by Maryna Trifonova, Head of Content at Jax.Network
Following the USDT/BUSD staking program, we are announcing the launch of the liquidity farming program, where you can get up to 75% APR. The yield is denominated in HST and can be withdrawn at any moment, while the principal is locked for 4 months.
Liquidity farming is one of the most popular ways to earn funds in DeFi while keeping the risks moderately low. Compared to other offers on the market, we provide higher rewards and enhanced security verified by CertiK. That means you can deposit the funds into our smart contracts without the fear of losing them due to smart contract inefficiencies, hacker attacks, or other security vulnerabilities. On top of that, our team has undergone a thorough background check and received a CertiK KYC badge.
In order to participate in our liquidity farming program, you need to keep several things in mind. Liquidity farming means you provide liquidity for a trading pair on DEX and receive returns in exchange. In our case, you deposit BUSD and WJXN or BUSD to sustain the BUSD/WJXN pair and earn up to 75% APR. The LP tokens are locked in the contract for 120 days (4 months) and yield is accumulated in HST every second. That helps to ensure there is always enough liquidity for those who want to buy or sell WJXN with minimum slippage. Yield is distributed from a reward pool set aside specifically for this liquidity farming promotional program. You can calculate your future profit, as the APR is pre-set.
In short:
- up to 75% APR on BUSD/WJXN LP tokens or BUSD farming
- funds locked for 120 days
- yield is paid out in HST block by block
- unlimited yield withdrawals
How to farm using BUSD?
- Connect a wallet
- Choose your preferred farming plan (in this case, BUSD)
3. Enter the amount and click “Approve”
4. Confirm the transaction in your wallet
5. Click “Stake”
6. Confirm the transaction in your wallet again
7. Enjoy your yield!
How to farm using WJXN/BUSD LP tokens?
- Go to https://pancakeswap.finance/liquidity
- Choose WJXN in the top tab and BUSD in the bottom one, then click “Add Liquidity”
3. Enter the amount you would like to provide and enable WJXN and BUSD by giving permission to access your WJXN and BUSD
4. Supply the liquidity
5. Confirm supply and add LP tokens to your wallet (0x2C3Dd2178cd8BdaC6bdBBD628B1fCA120F2c6591)
6. Go to https://farm.jax.net/dashboard.html and connect your wallet
7. Enter the amount you would like to stake in the “Stake with LP Token” field and click “Approve”
8. Confirm the transaction in your wallet
9. Click the “Stake” button and confirm the transaction once again
10. Earn yield in HST withdrawable at any moment!
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