Updated Tutorial : How to stake Uniswap Liquidity Pool Tokens in “Volcano” Yield Farming Program
Things to note
- Volcano : Offering upwards of +1000% APY, the Kittiefight Volcano Yield farming program is a smart faucet that incentivizes on-chain liquidity, by providing more reward in a tradable liquid token KTY.
- APY: Annual percentage yield, represents the percentage in relation to locked LP that you stand to earn of yield farming program duration
- Multipliers :Estimated multiples of number of KTY. and SDAO tokens you stand to earn over the yield farming program duration
- Earned rewards : Actual number of KTY. and SDAO tokens you stand to earn over the yield farming program duration
- Unstaking: Yield farmers are free to unstake collateral at any time, but only eligible to withdraw yield as long as participation time exceeds a minimum of 1 month schedule with the program schedule. The allocated KTY and SDAO tokens in the Volcano unlocks gradually over time each month and yield farmers receive share of the unlocked KTY and SDAO tokens over time for a duration of 6 months.
- Monthly Reward unlock Rate
90% or 6,300,000 of total 7,000,000 KTY tokens and.
90% or 6,300,000 of total 7,000,000 SDAO tokens.
of total program allocation are distributed over each month for duration of the 6 month program as such:
- KTY : 30% | 25% | 15% | 10% | 10% | 10%
- SDAO : 16.5% | 16.5% | 16.5% | 16.5% | 16.5% | 16.5% | 17.5%
Each of the number percentages in the columns represent the percentage of the total KTY an SDAO token allotments, that is distributed to liquidity providers each month, going from month 1 to 6, starting from left to right.
Early bonus : First 21 days
10% or 700,000 of total 7,000,000 KTY tokens and.
10% or 700,000 of total 7,000,000 SDAO tokens.
of total program allocation are distributed to early participants as such:
- 10% or 700,000 KTY and SDAO of the total program tokens allotment is set aside for first 21 days participating Yield farmers.
- Participators must stake uniswap liquidity tokens within first 21 days of volcano launch to be eligible for bonus.
- Participators must also stake uniswap liquidity tokens throughout the 6 month duration to get bonus.
- 10% or 700,000 KTY and SDAO BONUS tokens is shared proportionally by weight with all stakers fulfilling staking requirements of bonus condition during the first 21days and program duration and can auto withdraw at the end of yield farming program.
- Participators can unstake at anytime and get regular monthly bonus, based on monthly requirement.
Tutorial
- Get KTY : Make sure you have ETH ready and get yourself some KTY : https://app.uniswap.org/#/swap and paste KTY token address : 0x7E9f9F3b323582584526d9f83276338C89f8fBE7 to swap ETH for
- Select an amount of KTY token to buy approve and swap ETH for KTY .
- Add Liquidity : To add KTY-ETH Liquidity to Uniswap: Follow the link below, connect metamask to add both KTY and ETH to liquidity pool : https://app.uniswap.org/#/add/ETH/0x7E9f9F3b323582584526d9f83276338C89f8fBE7
You will receive KTY-ETH liquidity token which you. can then lock in the Volcano yield farming program.
4. Approve Uniswap KTY-ETH liquidity token and Lock into Volcano yield farming on : https://www.kittiefight.io/yield-farming
5. Hold on NFT Volcie token #1 generated by locking liquidity in volcano or sell on opensea.
Already the first pioneering yield farmer minted the tokenized NFT Volcie token #1 which is also auto listed at opensea with present value at ~1000 DAI, currently has access to all rewards in the program at the time of this post. But that will changed very soon with KTY price at $1 at the time of this post which is a drastic increase from the $0.30 private sale price. The competition is about to heat from other farmers taking advantage of the opportunity to earn more precious KTY.
That is it! you can sit back and earn as much as you can handle over the next 1, 2 or 6 months!
Volcano Program Details
- Yield farming : https://www.kittiefight.io/yield-farming
- Contracts: https://github.com/kittiefight/yieldFarming
- Contract audits: https://github.com/Quillhash/Audit_Reports/blob/master/KitteFight%20Audit%20Report%20-%20QuillAudits.pdf.pdf
- KTY Total Supply: 100,000,000 KTY
- Available Circulating Supply: ~ 500,000 KTY
- Distribution: 7% KTY and 7% SDAO Governance tokens distribution to early supporters via yield farming : https://www.kittiefight.io/about/kty-dao-token
- Kittienomics : https://www.kittiefight.io/about/kty-tokenomics
- Volcano Yield farming program : https://www.kittiefight.io/yield-farming
- Website : https://www.kittiefight.io
Join us
The Ethereum mainnet launch have been rescheduled for the late parts of 2020 December. KittieFIGHT and DAO deployment plans are to be deployed with stringent restrictions and ultra low limits on amounts allowed within the KittieFIGHT system pending full system audits. KittieFIGHT ; the first viable dapp which will will directly provide staking yields back to the DAO token holders is now open-sourced and more documentation around the system will be provided. Expect more frequent developments and updates.
