MoonFarm Finance $MFO Liquidity Bootstrapping Pool
Today, MoonFarm Finance team will introduce to their community about the liquidity bootstrapping reward for $MFO.
Purchase $MFO on PancakeSwap (connect Metamask, details tutorial: *Previous Medium *)
The APR starts at 1200% , liquidity reward program will run for the first 30 days
Further announcement relate to weekly reward and farming period will be updated in the future
MFO Contract: 0xB46049c79D77fF1D555a67835FbA6978536581Af
How to add LP for MFO-BUSD token
- Add liquidity MFO / BUSD pair on Pancake:
- Go to pancakeswap → liquidity → add your Input $MFO by this contract: 0xB46049c79D77fF1D555a67835FbA6978536581Af
2. Press “Approve BUSD” → Click confirm on payment fee at Metamask wallet window→ Press “Confirm Supply” → Click confirm on payment fee at Metamask wallet window
3. Remember to press “Add MFO-BUSD LP” so your LP MFO-BUSD will be added to Metamask wallet
Incase, you forget to press “Add MFO-BUSD LP”. It will not show on Metamask → Users need to add a custom token.
- Click “ Add token” at bottom of Metamask
- Fill with LPs token Contact Address: 0x2E85ac2d093a3e9822ffE7Dfa584c85C9585f9c8
- Press “Next” till “Add token” shows up to complete.
4. Your LP MFO-BUSD token will be saved like this:
How to stake LPs token MFO/BUSD on Moonfarm Finance
- After receiving LP token MFO-BUSD on Metamask, you can go to Moonfarm Finance app, login to your account. Select “My wallets” section, deposit LPs token MFO-BUSD from Metamask to Moonfarm LPs token wallet address. (Go to Moonfarm channels for Moonfarm LPs token wallet address)
2. After receiving LP token MFO-BUSD on Moonfarm. Users can now participate in boosting liquidity on Moonfarm Finance for more than 1000% APY by selecting the “Yield Farming” section. Choose “MFO-BUSD pools” → Choose % you want to stake → Press “Stake”.
How to unstake LPs token MFO/BUSD on Moonfarm Finance
- You can withdraw/cancel farming with MFO/BUSD — LPs token at any time, but you can’t receive rewards from farming pools. You can only receive your reward after 24 hours of staking.
- The rewards are $MFO tokens.
3. After harvest and unstake. If you want to unpair LP token MFO/BUSD → Go to “My wallets” section → send LPs token to your Metamask → Connect Metamask and unpair those on Pancake
About MoonFarm
MoonFarm is a DeFi and Centralized Finance (CeFi) hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency, and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.
📰 INFO
https://moonfarmfinance.medium.com/mfo-liquidity-bootstrapping-pool-on-moonfarm-finance-7c00f6134
