KronosDao Joins The Order
Farm + Raid Live on KnightSwap BSC
Kronos DAO is the next evolution of the reserve currency protocol.
Their goals go beyond simple market capitalization. Kronos DAO introduced the FUTURE Fund: 15% of our treasury and bond profits to invest in high-quality crypto startups, helping them grow early on and effectively transforming the DAO into an on-chain venture fund. Kronos DAO will also build its own protocols, with all commission flows benefiting KRONOS token holders.
They focus on utilizing their treasury and generating returns for investors by building, incubating and investing in early stage projects — opportunities that aren’t typically available to the average investor. Kronos DAO will also explore ways to generate risk-free returns on our stablecoins, in order to turn them into productive assets also thanks to their NFTs.
You can read more about their project in their white paper medium
What’s Opened Up In The Order
Farms for KRONOS — BNB LP to earn $KNIGHT
Raid Pools $KNIGHT → $KRONOS
How To Buy & Farm With Your KRONOS- BNB LP
Navigate to the KNIGHT website to purchase some $KRONOS The direct link will be posted below
https://dex.knightswap.financial/#/swap?outputCurrency=0xbec68a941fecc79e57762e258fd1490f29235d75
Make sure your wallet is connected first & you can search for $KRONOS and it should auto-populate.
If not you may need to enter in the contract address for $KRONOS
0xbec68a941fecc79e57762e258fd1490f29235d75
Click $KRONOS to add it to the transaction box.
Using your BNB you can purchase $KRONOS
If you have trouble with purchasing the price may be moving too quickly and you may need to adjust your slippage.
You can adjust the slippage by the gear icon.
You can start higher with the number and work backwards until your transaction can be executed
Tax
Check out the tokenomics for $KRONOS.
There are NO TAXES associated with $KRONOS
Remember you will need an equal amount of $BNB & $KRONOS to make your LP & you will need to leave some $BNB for gas for your transactions.
When you are happy with your amount press “Swap”
Double check everything is good then hit “Confirm Swap” & pay the gas fee
Press confirm & wait for your transaction to go through
If you get this error
Your slippage is not high enough
You may need to change the last digit you are buying to a 0(delete the decimals). This trick should allow your transaction to go through.
Remember you’ll need an equal amount of BNB & $KRONOS to make the LP & extra BNB for gas!
Add Your LP
This will be the direct link for adding KRONOS-BNB LP
https://dex.knightswap.financial/#/add/ETH/0xbeC68a941feCC79E57762e258fd1490F29235D75
There may be a delay for $KRONOS to load into the screen give it some time, you can always do this manually by inputting the contract address
0xbec68a941fecc79e57762e258fd1490f29235d75
You will need an equal amount of BNB + KRONOS to make the pair
Press “Approve KRONOS”
Press “Supply” & then “Confirm Supply” if everything looks good pay the gas fee by pressing “Confirm”
Once that final transaction is successful you’ll be able to see your LP tokens that you created at the bottom of the screen.
Farm Time!
Bring your LP to the “Farms” tab. Here is the direct link
https://app.knightswap.financial/farms
Scroll down to the bottom of the page and click on KRONOS BNB LP
Hit “Approve Contract.” Once the approve goes through your menu will change to having “Stake” Press that to add your LP & start watching your $KNIGHT stack up!
- “+” Adds more LP (this will appear after you stake some LP in)
- “-” Take LP out (this will appear after you stake some LP in)
- “Harvest” Claim the $KNIGHT you have earned into your wallet
$KNIGHT → $KRONOS Raid Pool
You can also put your $KNIGHT tokens to use in the RAID Pool to earn $KRONOS
Head to the Raids tab if you are doing this from the main menu
You’ll need to first “Approve KNIGHT”
The “+” button allows you to stake your $KNIGHT
- “Unstake Knight” takes the $KNIGHT out of the pool & back to your wallet
- “Harvest” — claims the partner token ($KRONOS)to your wallet
When a Pool is just launched you can check the Details tab and you will see a end countdown. This is when the rewards for a pool will start when that block time is at 0.
Once it ends the true time for the duration of the pool will begin. You can reference these other pools to see. So the higher the number the longer the pool will last.
Removing Your LP
Remember you first must remove your LP from the farm before you can break up your LP into each of the tokens.
If you need further assistance with removing your LP reference out gitbook which will help you through the process.
https://knights.gitbook.io/knightswap/step-by-step-guides/how-to-remove-liquidity
Don’t Forget
There is so much you can do with their platform. Here are some examples from their whitepaper
Minting $KRONOS
The Mint page allows users to mint $KRONOS from the protocol at a discount by trading it with liquidity (LP tokens) or other assets. The minting action creates bonds that take 5 days to vest, $KRONOS tokens are vested linearly to the user over that period. The Kronos DAO will offer minting via $BUSD, $BNB-$BUSD and $KRONOS/BUSD for BSC, but we expect to add other mint assets soon.
Staking KRONOS and Diamond Hands Bonus
Staking allows you to earn $KRONOS passively via auto-compounding. By staking your $KRONOS with Kronos DAO, you receive sKRONOS at a 1:1 ratio. After that, your sKRONOS balance will increase automatically on every epoch: APY will initially be very high and the protocol will stabilize over time fixed APR 365% or APY 3,678.3% (compound). Each user can insert a part or the maximum quantitative of $KRONOS owned as he prefers. Equally at any time user can unstake his $KRONOS.
Diamond Hands Protocol
D.H.P (Diamond Hands Protocol) is a protocol that allows you to earn $KRONOS on the staked amounts according to different reward levels. The corresponding bonus level, eventually reached, will be applied to each single staked amount
Useful Partner links for you to learn more
Website- https://app.kronosdao.ai/#/stake
White Paper- https://medium.com/@kronos_dao/kronos-and-kronos-node-part-1-bf695ead678f
TG- https://t.me/KRONOS_community
Twitter- https://twitter.com/dao_kronos
DISCLAIMER: These articles are for educational purposes only. Nothing in this article should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial adviser before making any financial decisions. Investing in general and options trading especially is risky and has the potential for one to lose most or all of their initial investment
