"Liquidity mining" in DeFi refers to the process of depositing or lending designated token assets as required through DeFi products with a mining mechanism to provide liquidity for the swap fund pool and obtain income. This may be the native token of the project.
On the MOBOX platform, deposit the MBOX-BNB LP to increase liquidity for the pool. As a reward for providing liquidity, participants to get airdrop of MBOX.
Each CRATE contract is a smart contract that automatically optimizes and delivers the best yield farming strategy for users across the Binance Smart Chain ecosystem. Users can stake their stable tokens or LP Tokens into the CRATE contract. Each CRATE contract has their unique optimized yield farming strategy through different DeFi protocols.
LP (Liquidity provider) usually be understood as a token certificate that the liquidity pool returns to the user when the user staked tokens into the pool.
At present, all LPs on the MOBOX platform are Pancake's LPs, and the LPs that provide liquidity on the pancake can be directly deposit on MOBOX.
Deposit two digital token for instance MBOX&BNB into Pancake Swap's pool to obtain LP tokens, or add liquidity on MOBOX.
- 1.All staked tokens will be converted to USDT amount to determine the amount of MBOX airdropped daily.
2. Users can yield farm by staking Pancakeswap MBOX-BNB LP (BEP20) into MOBOX Crates to obtain MBOX.
3. Each Crate Pool will be allocated a certain percentage of daily MBOX. Each user will be airdropped MBOX according to their weight in MBOX-BNB LP pool.
4. MBOX can be used to subscribe BOXs containing unique NFTs through the Smart Contract without withdrawing.
5. MBOX can be withdrawn any amount to a user's wallet.
LP tokens come from liquidity, before add liquidity make sure you have enough BNB and MBOX tokens in wallet;
You can exchange tokens directly through the MOBOX platform, follow the step shown below.
Click "Liquidity" from MOMO farmer. In the pop-up window, click to add liquidity, and enter the quantity.
Click "deposit" on MOMO farmer. Enter the number of LP tokens in the pop-up window.
Follow the step to check "My APY", and recommendations of boost strategy.
There are two steps to withdraw your tokens:
- 1.Withdraw your deposited LP tokens.
- 2.Remove liquidity, rclick on "liquidity" from MOMO farmer and select "remove liquidity". After wallet authorization is completed, the tokens will returned back to the wallet.
Click "Rewards" on the MOMO farmer to withdraw the mining income.
System will automatically accelerate the mining output after getting veMBOX; The current effect will be displayed at APY on the homepage.
Click "veMBOX boost" on MOMO Farmer. Enter the staked amount of MBOX in the pop-up window, and select the time you want to staked.
When withdrawing LP, a handling fee will be charged according to the pledge time, the specific values are as follows: