Umbrella Network Rewards Program on PancakeSwap
Umbrella Network is launching a new rewards program on PancakeSwap starting 1st May 2021, offering a monthly reward of 20,000 $UMB tokens to all providers of liquidity in the UMB/BNB liquidity pool.
When you contribute to PancakeSwap’s liquidity pools, you will receive Liquidity Provider (LP) tokens in return. The number of tokens represents your percentage of contribution to the pool, and you can withdraw your contribution at any time using the LP tokens.
- Visit the official page of PancakeSwap Exchange, and connect your wallet.
- Visit the UMB pool page
- Browse to the ‘Liquidity’ tab and select the option that says ‘Add Liquidity’.
- Select the token exchange pair that you wish to add to the liquidity, in this case UMB/BNB, as well as the quantity. You will need to contribute the token pair in a 1:1 even value ratio, i.e. $100 worth of UMB to $100 worth of BNB.
- Confirm the transaction when prompted.
- Once the liquidity is provided, please Fill out this form to become eligible for the 20,000 monthly rewards prize.
- To be eligible for the reward, you must contribute and keep the liquidity in the pool for at least 30 days and contribute a minimum of 1 BNB worth of UMB and 1 BNB. You must also keep the LP tokens that you received in the wallet address you registered on the form.
- Rewards will be airdropped to your registered wallet at the end of the 30 day period from when you initially contributed the liquidity.
Once your tokens have been added to the pool, they will be displayed at the bottom of the page.
What is Umbrella?
Umbrella is the first decentralized oracle service to empower the community with the scale and security modern DeFi applications require. From electing nodes to governance, Umbrella is run without interference from centralized organizations.
What is PancakeSwap?
PancakeSwap is the largest decentralized exchange (DEX) on Binance Smart Chain and has been one of the fastest-growing DEXs in DeFi.
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