LP staking mining
LP staking mining is a high-yield product provided by CoinWind for liquidity mining users.
Liquidity Pool (LP) mining is a high-yield product provided by CoinWind. Users can provide the liquidity of a token pair in the corresponding DEX. The DEX issues LP Token to the user. Then, the user can deposit their LP Tokens into CoinWind corresponding project to obtain revenue, and the generated revenue will be reinvested every 5–10 minutes to bring users higher revenues.
- Fast and simple
The contract automatically reinvests on a regular basis according to the strategy suggested, thereby simplifying operations for users. Transaction fees generated by reinvestment will be paid by the platform, saving the user's expenditure (the low cost is more obvious for the BNB project on BSC);
- The income from deposit and withdrawal is automatically collected, and the compound interest income will be higher;
- Single token revenues avoid impermanent loss.
This tutorial is based on Tokenpocket wallet in the HECO public chain (the operation is the same for BSC & ETH).
2.1 Open CoinWind link
- Go to DEX to add liquidity: select the LP staking mining project you want to participate in and go to the corresponding DEX to add liquidity.
- Enter the corresponding MDX and USDT quantity, click "Supply" button.
- Click "Confirm Supply" to confirm again.
- Enter the transaction fee and click "Confirm".
- Complete adding liquidity.
2.3.1 Wallet Authorization
- To participate in a new project you need to authorize your wallet first. Click the "authorization" button to confirm, and deposit after successful authorization.
2.3.2 Deposit
Enter the quantity and click "deposit", pay the transaction fee and completes depositing.
- Submit after confirming the miner fee
- Successful recharge
2.3.3 Withdraw
Select the project, click "withdraw".
- Withdraw your earnings or principal
In LP staking mining, to ensure that users can maximize their earnings, depositing and withdrawing part of the principal will not trigger the earnings transfer. You need to withdraw the earnings manually or withdraw all your principal to transfer your revenues.
- Confirm transaction fee
Gas Price: generally 1 for HECO and a minimum of 5 for BSC; if the network is congested, the price will be higher.
Gas Limit: choose the default value; the value by default is relatively high to ensure that the transaction can be successful. The actual consumption prevails.
- Withdraw Successfully
If the user no longer wants to participate in the LP mining, the liquidity can be removed from the corresponding DEX, as follows:
- Open the DEX website or directly click the Add Liquidity of the corresponding project
- Enter the page and switch to "Your Liquidity" to view your personal liquidity funds, click "Remove" and then confirm.
If the liquidity is not shown, you can manually import it.
This tutorial takes HECO public chain operation as an example, BSC public chain will be the same
- Go to a DEX to add liquidity: select the LP pledge mining project you want to participate in, and add liquidity to the corresponding DEX;
- Enter the corresponding amount of MDX and USDT, click the Supply button
- Click the Confirm Supply button to confirm again;
- Enter the miner fee and click confirm;
- Enter the miner fee and click confirm;
- Adding liquidity Successfully
3.2.1 Connect wallet
3.2.2 Wallet authorization
• Participating in a new project requires authorization first, click the authorization button to confirm, and deposit after successful authorization
3.2.3 Deposit
• Enter the quantity and click deposit
- Submit after confirming the miner fee
- Withdraw profit or stakings
3.2.4 Withdraw
- Select the project, click on Withdraw
- Withdraw profit or stakings
In LP mining, in order to ensure that users can maximize their income, deposit and withdrawal will not trigger income transfer, and manual withdrawal is required.
- Confirm miner fees
Gas Price：HECO is generally 1 and the minimum BSC is 5; if the network is congested, you need to give more；
Gas Limit：Just press the default value; this value is to ensure that the transaction can be successfully given relatively high, and ultimately subject to the actual consumption on the chain。
- Withdraw Successfully
If the user no longer wants to participate in the LP mining, the liquidity can be removed from the corresponding DEX, as follows:
- Open the DEX website or directly click the Add Liquidity of the corresponding project
- Enter the Pool page and go to Your Liquidity to view personal liquidity, and remove it after confirmation
If liquidity is not displayed, you can manually import and process
Last modified 2yr ago