What is yield farming?
At its core, yield farming is a process that allows cryptocurrency holders to lock up their holdings, which in turn provides them with rewards. More specifically, it’s a process that lets you earn either fixed or variable interest by investing crypto in a DeFi market.
In case of B2X if we simply put, yield farming involves lending B2X via the Binance Smart Chain network. For eg; When loans are made via banks using fiat money, the amount lent out is paid back with interest. With B2X yield farming, the concept is the same: B2X that would otherwise be sitting in the Dex or in a wallet is lent out via B2X DeFi protocol (or locked into smart contracts, in BSC terms) in order to get a return in B2X which then you can sell or reinvest for further gains.
Why Invest in B2X FARM?
- B2X Farm is designed to reward B2X liquidity providers who contribute towards the stability of B2X price by helping in generating more liquidity in the market.
- Since B2X is so scarcely available in the market, farming B2X will help you get high returns in form of B2X without worrying about being dumped upon.
- You can harvest and stake B2X in the staking farm to use it in our upcoming dapps. Holding on to some liquid B2X is always a good idea.
How To Invest In B2X FARM?
The process is quite simple but may sound bit complex for the first time. Don’t worry we are here to help. Follow the steps and you’ll be on your way to earn rewards from yield farming in a jiffy!!
- ) You need to buy B2X from pancake swap if you already don’t have some :
CLICK TO BUY FROM PANCAKE SWAP <<< This link will take you to the dex and you’ll see following , click on I understand and continue.
2.) Put in the amount of BNB you want to buy B2X for and click on swap.
3.) Click on confirm swap and then wait for your metamask wallet pop-up and approve the transaction.
4.) Now that you have bought some B2X , let’s add liquidity to the B2X pool. Click on Liquidity tab at the top of page .
5.)Click on “ Select a currency”. Then paste the B2X contract address in search bar. Add B2x Token.
6.) Now add the amount of funds you would like to add to the B2X liquidity and click on supply and then approve the transaction.You can select BNB or BUSD as the liquidity pair from the drop down menu.
7.) Now that you are done with adding liquidity head over to https://b2xtoken.io/farm and deposit the LP tokens in the pool of your choice by clicking on Max Deposit.
Whats with the fees?
There is a 1% deposit fee and 3% withdrawal fee which will be used for development. Harvesting your rewards doesn’t incur any fees.