Oct 4, 2021
80 000 000 $SUB farming program! Earn high APY, while providing liquidity to $SUB
Here comes the moment the whole Subme community has been waiting for! It took time to launch the farming with the SUB/BNB pair, but we wanted to bring uncompromised security for the SUB investors by running additional security audits. The farming will start on Friday 8.10.2021 instead of 5.10.2021, and during this week we will introduce a good deal of additional news and educate people about farming!
At the current price, 80 000 000 $SUB is worth almost 1 Million USD! This amount of SUB will be given to liquidity providers during the 2 years period.
The farming program is going to bring great value to those who are here for longer (APY for farmers) while making the DEX trading easier and less volatile as there will be greater liquidity provided to $SUB at Pancake Swap.
In this article, you will learn about the differences between staking and farming, as well as how to provide liquidity and how to farm SUB tokens.
What is the difference between staking and farming?
Some of you might be wondering what’s the difference between the two most popular ways of encouraging HODLers to make their investments more profitable. Staking in simple terms is a token lockup for a certain period of time. In some cases, staking can hold a far much more important role than just limiting the circulation supply — for instance, when it comes to Proof-of-Stake networks like ETH 2.0, staking can be used for validating transactions. You can read more about the whole process here.
Farming is an incentivized way of providing liquidity for decentralized exchanges, which means that you can earn additional crypto rewards with your idle coins and tokens. The rewards by farming the tokens are being displayed in the form of APY figure (Annual Percentage Yield) which can vary depending on the number of people farming their tokens.
The faster you join (before the others), the higher APY at the beginning you will receive. Don’t worry, the interest will be definitely much higher than the one you can receive at your traditional banking account.
Farming comes with the risk of Impermanent Loss — you can read more about it here.
How does the farming work at Subme?
To be a part of the Subme Farming program, you got to get your LP tokens. It’s simple and easy and all you need to do is to follow the steps below:
- You need to have SUB and BNB in equal values & MetaMask or Trust Wallet account on the BEP-20 chain.
- Secondly, you need to go to the Pancake Swap website available under this link: (remember to connect your wallet with Connect Wallet button in the right top corner):
https://pancakeswap.finance/add/0xfd290c590866f8282d89671A85Ac9964b165d682/BNB
Type the amount of SUB/BNB you would like to provide — the value of the corresponding BNB/SUB will be shown automatically. Click the Supply button and add liquidity. After confirming the transaction in your Metamask, your LP tokens are going to be stored in your wallet.
After refreshing the page, you should be able to see the number of LP tokens in your wallet (at the bottom of the page).
You can call yourself a liquidity provider now! :) Let’s get to farming!
Farming in the Subme panel
The next steps are going to be even easier than adding the liquidity at PancakeSwap. Just enter the panel at https://panel.subme.cash/, connect your wallet and go straight to the SUB/BNB FARMING section.
Provide the number of LP tokens you would like to use for farming and click ADD LP TOKENS. Confirm the transaction in your MetaMask, and it’s done. Voilà!
