BonFi is currently now available on Zapper.fi
BonFi is now available on Zapper.fi, allowing users to provide liquidity to Uniswap and zap into liquidity staking in a one-stop process.
Zapper provides practical tools to add liquidity because users can zap into liquidity pools (LP) with a single asset, automatically splitting assets 50/50 before depositing tokens into Zapper. Also, it bundles different user’s liquidity additions together, which will result in lower gas fees.
How does Zapper work?
What’s happening is Zapper checks which token is more in demand in the liquidity pool so that we can ensure the provision maximizes your share of the pool.
Do the following to Zap into a LP:
1. Go to Zapper.fi
2. Go to Pool and search for a BNF
3. Click on Invest to add liquidity
4. Choose a token to deposit (it may be one of the 2 pool tokens)
5. Specify the Transaction Settings (preferred gas price) and Slippage Tolerance, which is commonly set at 1%, 2%, or 3%, depending on how liquid the pool is.
6. Click Approve or Confirm. If it’s a token other than ETH, you’ll have to Approve a spending limit first to deposit that token. The second transaction is to confirm a Zap In.
Combine Zapper with the BNF Liquidity Staking Pool
Liquidity staking is a fantastic product that allows users to earn double rewards on providing liquidity to the Uniswap BNF-ETH pair. As a liquidity provider (LP), users receive higher staking APY and a share of the 0.3% pool fee, distributed pro-rata to all LPs for every trade.
It is the ultimate way to earn passive rewards because users will receive high BNF APY rewards and additional BNF and ETH as part of the pool reward. Liquidity staking provides double incentivizes to LPs as they earn double rewards passively.
Full Liquidity Staking Guide: Link
Liquidity Staking Pool: bon.finance/defi
About Zapper
Zapper is your DeFi dashboard for monitoring your portfolio, including assets, debts, liquidity pools, staking, claimable rewards, and yield farming activities–but it requires you to share no personal data! Just connect your Ethereum wallet or paste in the ETH wallet address / ENS domain.
About BonFi
BonFi is a multilayered open finance liquidity mining service platform complemented by the AI-powered BonVest, a professional cryptocurrency liquidity mining solution. It expands the DeFi financial product offering by combining smart contract staking and a managed cryptocurrency liquidity pool to achieve sustainable benefits for users.
📰 INFO
https://medium.com/bonfiorg/bonfi-available-on-zapper-fi-a2179cc18365
