Instructions to stake Shiba - for the next 11 days you’ll get MASSIVE free BONES coin DAILY for staking Shiba (Patreon)
Content
Fri, 7.9.2021
1. Watch this video to learn how to stake Shiba https://youtu.be/yE-GaNO3-Zc
2. Written instructions of HOW TO PARTICIPATE in SHIBA’s STAKING:
Many ShibArmy members will simply stake their LEASH and SHIB using BURY but ShibaSwap’s fullest utility can be found in its liquidity features. For those who wish to be part of this historic event and want to earn the most BONE possible, we’ve made it easy to “ape” into ShibaSwap.
BONE is the main token of ShibaSwap and other ecosystem projects. While it has a maximum lifetime supply of 250 Million tokens, the supply (like the Shiba project itself) starts at exactly 0 the moment ShibaSwap goes live. For the first two weeks, starting from the initial block after deployment onward, there will be 1,000 BONE emitted per block (split among pool rewards). This is an accelerated emission to ensure a wide BONE distribution (which comes to approximately 1,000 BONE minted every 13 seconds for this two week Liquidity Enhancement period). After the first two weeks, there will be a reduction event to start slowing the production of BONE over time starting with returns at a rate of 100 BONE per block.
There are two ways to get BONE. One is to buy it on ShibaSwap using the exclusive ETH/BONE Pair. The other procurement method, as described above, is to farm it on the accelerated rewards schedule by depositing liquidity into selected pairs on ShibaSwap and “WOOFing” (staking) the LP tokens.
BONE is distributed on a per block basis using a thing called Allocation Points, or “AP”. AP is how we determine the weight of distribution that each pool will receive. As such, pools with Higher AP will get more BONE per block while, at the same time, potentially being more competitive.
Here are instructions:
- Go to www.shibaswap.com and go to the “WOOF” (farm) page to see the incentives, farming pairs, and their current APY%.
- Select the pair you want, go to the “DIG” (add liquidity) page, and then simply add liquidity for the pair. (Note: If you already have liquidity for this pair on Sushi or Uni, you can use the experimental “FETCH” function to migrate it, or just manually remove it from UNI/SUSHI and manually add it to Shibaswap.)
- Once you’ve DUG up an SSLP token by providing liquidity, remember that you must WOOF (stake) your SSLP TOKEN TO GET BONE REWARDS. This crucial step is easy. Simply:
- Go to the ShibaSwap main page
- Navigate to the WOOF box and click FARM TOKENS.
- On the left, navigate to the token pairing you just DUG.
- Click to the pairing to show the APPROVE button.
- Once you’ve approved ShibaSwap to use your token, deposit the token and WOOF your BONE.
The article has much more details. Please take 5 minutes to read it before you stake Shib.
https://shytoshikusama.medium.com/shibapendence-day-13c31b01d9f5