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BAO Staking (Patreon)

Published:
2021-04-13 11:29:35
Imported:
2021-09

Content

Hello CV'ers! After a review of the process detailed in the latest video we decided it would confuse more people than help so we are working on another which will clearly explain the process without additional commentary.  Hold tight amigos and amigas! Help is on the horizion...

In the meantime here are the helpful links to the BAO ecosystem. 

https://medium.com/baomunity/bao-april-community-roundup-1835f28d8b9 

https://baostats.pythonanywhere.com/

https://alpha.baoswap.xyz/#/swap

https://stakedvalue.com/#/

https://farms.baoswap.xyz/

The new http://Bao.cx address is: 0xe0d0b1DBbCF3dd5CAc67edaf9243863Fd70745DA

https://blockscout.com/xdai/mainnet/address/0x82dFe19164729949fD66Da1a37BC70dD6c4746ce/transactions

https://docs.bao.finance/faq/tools-and-utilities

https://xdai-omnibridge.web.app/

https://dai-bridge.poa.network/

Files

Comments

Anonymous

What do you think is the best or most profitable staking?

Anonymous

Gate.io sell BAO

Anonymous

I can see how this can be confusing and difficult to put together in a video. Hat's off to the team for trying to get this right. Since I am in IT, I manage to do it so here's a framework if anyone wants to try: 1) GET a new (or use existing) metamask wallet (MMW) - preferably via Chrome. 2) DECIDE on investment amount - let's say $1K. I do not recommend less than $1k because of the fees involved. Expect to pay up to 1/3 in fees - in other words, 1/3 ETH for pool, 1/3 BAO for pool and 1/3 in ETH for fees. 3) SEND $1K worth of eth to your MMW. 4) CONVERT 1/3 of eth (roughly $333) into bao using exchange.sushi.com/#/swap 4) WAIT for MMW to show both bao and eth. 5) ADD liquidity to pool using exchange.sushi.com/#/pool. Use 1/3 eth and all bao (1/3 eth equivalent) to get LP tokens. 6) WAIT for LP token to show up in your MMW. 7) GO to bao.finance - click on menu and unlock/connect your MMW. Click on Sushi Pool (sushi is currently paying a higher APY than Uni). Click "Select" on BAO PARTYv2 (it should offer around 796% apy) 8) Click on Approve BAO-ETH SLP - approve fees and wait for transaction to be completed. 9) AFTER completed, click on + sign next to Unstake and confirm all LP tokens. Expect to pay another high fee for this transaction. 10) WAIT for transactions to be completed and then watch for BAO Earned rolling in :) You can see this on bao.finance/farms. DO NOT harvest too quickly because the fees will be higher than your earned BAO and also keep in mind you could only harvest 5% while the other 95% is locked for a year and then gets released gradually everyday after 1 year. I recommend more reading on this...good luck!

Anonymous

What was your thoughts initial investment that earned you 8k in 2 weeks?

Anonymous

*Ignore thoughts

Anonymous

It is also possible to buy DAI from Binance, withdraw on BSC, bridge DAI from BSC to xDAI network, wrap and then unwrap as xDAI. (This avoids all ETH gas fees .... the BSC and xDAI gas is WAY CHEAPER!)

Anonymous

Excellent comment John. Thank you all.

Anonymous

Has anyone seen/tried this? https://www.pickacrypto.com/how-to-buy-bao-finance/

Anonymous

Fees were not small in end but seemed to work for me. You need MetaMask wallet and use the uniswap plug in. Just need to have ether in MetaMask wallet to make it work. Went smoothly for me fwiw.

Anonymous

Any update on the video?

Anonymous

Oh Thank god. Im having trouble using Metamask. I bought some through coinbase.

Anonymous

I purchased 100k BAO using ETH on 1inch. The real issue is the fees. I was able to put on my ledger, the odd thing is that the ledger lists 1 bao as $0.38 so its reading a false balance, anyone else have that issue? I opened a case with Ledger to see what they say. I still have not figured out staking my bao but hope to do so later this week.

Anonymous
>>57658607

Interesting. I haven't tried this but thanks for letting us know.

Anonymous

There are a few decent walkthroughs on YT for anyone looking at how to get into and stake/farm BAO

Anonymous

How did BAO come into the picture? I heard Dick mentioning it in his video about the new financial system, but there is no Full Debrief about it.

Anonymous

I managed to add ethererium to metamask but pressed some buttons in the bao wallet to connect to sushi or uniswap and ended up paying $50 of fees. No Baos in my wallet as yet :-(

Anonymous

Does anyone know what exchange supports DLT and how to buy it in USA??