How to farm BNB－xWIN LP token
Original article in Japanese by TOM at [toushi-blog.net]: https://toushi-blog.net/cryptocurrency/bnb-xwin-farming/
Users now can farm BNB — xWIN pair on xWIN Finance platform.
How to farm BNB－xWIN pair
xWIN platform is characterized by the fact that various investments can be easily made with only BNB, but farming of the BNB-XWIN pair requires some more steps.
However, it is not difficult, as instructed below.
- Buy xWIN and BNB
Press the [BUY $XWIN] button on the top page of xWIN platform and you will be redirected to Pancake Swap Exchange page.
Since [xWIN] is already chosen as the designated exchanged token (to), select the crypto asset you want to use for exchange (from), enter the quantity you want to exchange, and press the “SWAP” button.
Similarly, you can exchange your on-hand crypto asset into BNB on PancakeSwap Exchange page.
2. How to get LP token on PancakeSwap
With BNB and xWIN in your wallet, you need to connect them on PancakeSwap.
* Go to Trade → Liquidity and press the “Add Liquidity” button to go to the LP creation page.
* Select [BNB] on one side and [xWIN] on the other side.
* If [xWIN] doesn’t show up automatically in the list, enter xWIN contract address in the field “Select a token” and choose it.
* xWIN Contract Address: 0xd88ca08d8eec1e9e09562213ae83a7853ebb5d28
When you enter the quantity of token you want to deposit, an equivalent amount of the token you are pairing with will appear automatically.
In this example, when you enter 2BNB, 109XWIN will appear.
Press [Supply] button and then [Confirm Supply] to complete the process of getting LP token.
3. How to farm on xWIN platform
Once you’ve gotten the LP token, please go to xWIN platform.
xWIN Finance Platform: https://xwin.finance/home
Go to Farming page and find BNB-XWIN pair farming. Press 「＋」 button.
Then you will be taken to the farming execution page, press APPROVE to approve it in your wallet. When the [FARM!] button lights up and becomes clickable, press it to approve in your wallet.
Finally, when the number of LP tokens you have deposited is displayed on [Staked] field on the Farming page, you are done.
Enjoy APR over 200% while accumulating more xWIN token.
Merits of BNB－xWIN pair
While it takes a bit more effort than the usual functions on xWIN platform, farming the BNB-XWIN pair has its advantages.
High yield from Farming rewards
High farming rewards are set by the xWIN platform. This is because when liquidity is higher, it will suppress price fluctuations during trading, making it easier for users to buy and sell. Improving liquidity is also essential in order for many people to hold xWIN tokens.
In the future, it will lead to an increase in the value of xWIN tokens
Although xWIN aims to be listed on Binance in the future, there is a liquidity condition in the listing criteria of Binance.
With more liquidity, more holders, and more people depositing money on the xWIN platform, it will become a non-negligible presence for Binance and it will be closer to listing. By holding xWIN and providing liquidity, we can help increase the value of xWIN.
At the moment, we have to operate this on PancakeSwap, but in the future, it will be as easy as any other Yield Vault in the xWIN platform.
