Token and LP Staking goes live on Polkacipher’s Truss Platform
Dear Ciphers, We are excited to announce the launch of the $CPHR LP Staking and Tokens Staking program on PolkaCiphers Truss Platform.
Users will now be incentivized to provide liquidity into CPHR/BNB PancakeSwap pool and for staking their $CPHR.
This Program aims to improve liquidity to facilitate easy buy/sell without high slippage, encourage the community to participate in improving the on-chain metric, and also earn fees when someone trades on CPHR/BNB pair.
A total of 700,000 $CPHR/month will be used to reward the liquidity providers who provide liquidity and the users who stake $CPHR. The program will incentivize the LPs and stakers over the course of six months.
The program begins today, 26th July 2021.
Token Staking Steps:
1. Connect Wallet on the staking dashboard via Metamask : HERE.
Ensure you are on the “Binance Smart Chain”.
How to add BSC to Metamask
2. Enter number of tokens you want to stake.
3. Approve the contract.
4. Click Stake.
You can withdraw the rewards at any time during the staking period and also be able to stake and unstake at any time of the campaign.
How to stake Pancakeswap LP tokens:
- Add CPHR/WBNB Liquidity in equal proportion: HERE
2. By providing liquidity you would be earning Pancakeswap Pancake LPs tokens representing your position. The number of tokens will be proportional to your share of the pool.
3. Now you can go to this link: HERE
Click on the Liquidity section to stake your Pancake LP tokens.
4. You can see your Pancake LP token balance on the dashboard.
Click approve and stake your Pancakeswap tokens.
5. Individuals can see their share of $CPHR rewards on the dashboard that can be claimed as per their comfort.
Any questions, ask Admins in our Telegram Community.
Admins or team will never send you a DM even if you request one.
About PolkaCipher:
PolkaCipher is a next-level privacy-preserving oracle network on the Polkadot Blockchain focused on bringing the use case of private NFTs to off-chain businesses and be a bridge for seamless integration to on-chain Defi apps.
PolkaCipher’s unique offerings help push the use-case of the NFTs in real-world scenarios while still being connected to a cross-chain network that is fair and accurate. PolkaCipher intends to achieve business goals by helping users transact privately and securely using NFTs as a mode of access to different decentralized apps (Dapps) and real-world business rewards.
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