Maximize Your Rewards with the Dual Farm Launch, Tutorial
Welcome to WAM, the ultimate platform for online gaming enthusiasts who love to play and earn rewards while having fun! Are you looking for a new and exciting way to earn competitive rewards by participating in the WAM Ecosystem? Look no further!
In this tutorial, we’ll walk you through the simple steps needed to get started with your liquidity pool, so you can start earning rewards in $WAM and $sProteo tokens in no time. Whether you’re an investor or a gamer or just starting out, our ecosystem is designed to offer a fun and engaging experience that rewards you for your efforts.
TL;DR
👉 How to set up a WAM/EGLD Liquidity Pool for farming in Proteo DeFi to earn $sProteo and $WAM
🟣 Requirements before starting, what you need:
- a MultiversX wallet (eg: MultiversX DeFi Wallet)
- $WAM on MultiversX blockchain
- $EGLD on MultiversX blockchain
🟣 Next steps
1. head to xExchange, official MultiversX DEX, at https://xexchange.com/liquidity/active
2. you will see 2 tabs, “+ Add Liquidity” and “Active Pools”, you’ll need to select “Active Pools”
3. scroll down in that list until you see “WAM-EGLD” and click on it
4. a dropdown menu will show up, click on “+ Add”
5. add $WAM and $EGLD, you’ll have to add the equivalent of each other, this will happen automatically
6. now head to https://dapp.proteodefi.com/farming and log in with the same wallet you’ve used for adding LP and look for WAM/EGLD farms. Here is the place where your rewards (as passive income) in $sProteo and $WAM will be.
🟣 Rewards
The WAM team will be providing 9,000,000 WAM tokens to our participants, which will be distributed over approximately 1 year. Additionally, Proteo DeFi will add 2% from the Proteo Farms Rewards (that’s about ~18,000 $sPROTEO as of the time of writing this). For exact numbers, please refer to the details provided here.
🟣 Important: You DON’T need to be an Elite user to earn $WAM and $sProteo, and it’s NOT mandatory. You can enjoy these rewards without taking extra steps. ❤️
🟣 In case you want, here are some benefits of being an Elite user:
- reduced harvest cycle — this means that the Elite users will be able to collect the rewards (passive income) in $sProteo and $WAM quicker than regular users
- can participate in raffles every 2 weeks at no additional cost — prizes up to 12,500 PROTEO, which at current prices is ≈ $19,000 (at time of writing)
- access to exclusive farms with high APR with shorter harvest cycles
- access to the upcoming Smart Orders feature
- access in the future to Special Free Loans
- how to become one is simple, head to https://dapp.proteodefi.com/elite, and deposit min 500 $sProteo in that smart contract (you will also find more information about it on that page).
Setting up a liquidity pool to farm $sProteo and $WAM tokens not only provides you with a way to earn rewards but also strengthens the ecosystem by increasing liquidity.
By leveraging all of WAM token utilities and participating in our social and competitive platform, you can become part of a vibrant gaming community and enjoy all of the benefits that come with it.
Join now and start farming WAM and sProteo tokens!
About ProteoDeFi
PROTEO is an Exclusive MultiversX DeFi Suite, and takes advantage of the robustness of the xExchange platform to carry out operations. It expands the possibilities of the DEX with new products for investors that add value to the DEX’s already established solid tools.
About WAM
WAM is the ultimate play & earn social gaming app where you can compete against real people worldwide in competitive tournaments to earn NFTs, crypto, status, and collectibles backed by blockchain tech.
