BNB-bMVL LP Staking
※ Be aware of the possible impermanent loss when creating LP tokens.
① Click [Liquidity] or ‘Get LP’ on Farms tab and go to [Liquidity] page.
② Click [Add Liquidity] button.
③ Enter the amount of BNB and bMVL in the proportion of 1:1 and check the amount of LP tokens you will receive. Once checked, click [Approve bMVL] button.
④ Your wallet will now ask to confirm the action. Once you have checked the estimated Gas Fee and related information, Click [Confirm] button.
(If your BNB is insufficient, you can swap BNB with your bMVL through Biswap, but here again, be aware of the loss due to Price Impact (Slippage))
⑤ Check the amount of LP token you will receive and BNB/bMVL you supplied, then click the [Next] button.
⑥ Click the [Confirm] button.
⑦ Once your wallet ask to confirm the action, check the estimated gas fee, then Click the [Confirm] button.
⑧ Check the transaction details then click the [Close] button.
⑨ Once getting LP tokens is successfully completed, you can check your BNB-bMVL LP tokens through [Liquidity] Page → ‘My Liquidity’, and ‘Available LP’ on [Farms] page.
① Click [Enable Farms] on the [Farms] tab
② Your Metamask wallet will now ask you to confirm the action. Once you have checked the estimated Gas fee, Click [Confirm] button.
③ You can see that the [Enable Farm] button has changed to [Stake]. Click the [Stake] button to stake your LP tokens.
④ Enter the amount of LP tokens you wish to stake. Then click the [Confirm] button.
⑤ Your Metamask wallet will now ask you to confirm the action. Check the estimated gas fee and click the [Confirm] button.
⑥ Click the [Confirm] button
⑦ Once you successfully staked LP tokens, you can see bMVL being distributed in live.
① Click the [Harvest] button to withdraw bMVL leftover on the farm.
② Check the estimated gas fee and click the [Confirm] button.
③ Click [Confirm] button. You can check the transaction details on [View on BSCScan]
④ You can check your harvested bMVL on Metamask wallet, [Bridge] tab, and [Pools] tab.
① To unstake the LP tokens, Click [Unstake] button, then enter the amount of LP tokens you wish to unstake.
② Your wallet will now ask you to confirm the action. Once you check the estimated gas fee, Click the [Confirm] button.
③ Click the [Confirm] button.
④ You can check the unstaked LP Tokens on ‘Available LP’
Depending on the relative value change between bMVL and BNB after LP creation, impermanent loss may occur when LP is released.
① Go to [Liquidity] tab then click [Remove] button on ‘My Liquidity’ to remove LP tokens from the farms.
② Enter the amount of LP tokens you wish to withdraw, then click [Approve] button on ‘Withdraw Liquidty’.
③ Your wallet will ask you to confirm the action. Check the estimated gas fee then click [Confirm] button.
④ Click the [Withdraw] button.
⑤ Check the Withdraw details then click the [Confirm] button.
⑥ Check the estimated gas fee, then click [Confirm] button.
⑦ Click [Confirm] button. You can check the transaction details on [View on BSCScan].
⑧ You can check your bMVL & BNB removed from the LP tokens on the Metamask wallet, and ‘Balance’ and Available bMVL on the [Bridge] tab and [Pools] tab.
Last modified 19d ago