Adding Liquidity and Farming on NerveSwap
We have deployed some LP farming pools on NerveSwap where our users can stake NULS-NVT LP to earn NABOX and NULS-EHT LP to earn EHT. But considering that some users are not experienced well enough in DeFi field, here goes this article guide, which we hope can be a useful educational material on your DeFi journey!
In our previous Medium article we discussed how to add liquidity using Nabox wallet (plug-in). This article will summarize how to add NULS-NVT LP and Farm on NerveSwap using Nabox mobile app.
Make sure you do the following before you provide liquidity:
Set up your Nabox wallet account. (Nabox wallet can be downloaded from nabox.io)
Make sure you have enough assets to add liquidity (NVT, NULS) on NerveChain.
If your NULS and NVT are being kept in other networks (BSC), you need to crosschain NULS and NVT to NerveChain before adding liquidity.
Search NerveSwap on Nabox and enter the DApp.
Click “Discover” — Search “NerveSwap” — ”Generate L2 address”.
Note: you will be asked to generate an L2 address for authorization for the first time entering.
This article will demonstrate in the following orders:
- How to provide liquidity. (NULS-NVT LP)
- How to stake LP on NerveFarm.
- How to unstake from NerveFarm.
- Remove liquidity.
1. Provide liquidity for NVT and NULS
After generating L2 address:
— Click the top-right menu
— Select “Liquidity”
— “Add Liquidity”
— Select “NVT”
— Enter the amount, then the same worth of NULS will be automatically calculated.
— Click “Confirm” and input your password.
After successfully adding liquidity, your NULS-NVT LP will be seen on the “liquidity” page.
2. How to stake NULS-NVT LP on NerveFarm to earn tokens?
With the liquidity you provide (NULS-NVT LP), you can stake them in NerveFarm to earn free tokens! Here is how:
— Click the top-right meum, select “Farm”
— Select pair “NULS-NVT”
— Click “+”
— Enter the amount of NULS-NVT liquidity you want to stake
— Click “Confirm” and input your pasword.
Till now, you have already staked your NULS-NVT LP in the farming pool, you can harvest the earnings when you want to. To be noted is that there is a fee you need to pay for every harvest.
3. How to unstake LP from NerveFarm
— Click top-right meum
— Select “Farm”
— Select pair “NULS-NVT”
— Click “-”
— Enter the amount of LP you want to unstake
— Click “Confirm” and type password
After LP withdrawn from the Farming pools, your NULS-NVT LP will not be remove from the liquidity pool instantly unless you manually remove them.
4. Remove Liquidity:
Whenever you want to remove liquidity, you can:
— Click top-right meum
— Click “Liquidity”
— Find your “NULS-NVT LP” tokens
— Enter the amount of LP you want to remove
— Click “Remove”
— Click “Confirm” and input password
Assets will be displayed on NerveChain (NULS & NVT) after your remove the liquidity.
There are currently 2 farming pools available on NerveFarm, which are NULS-EHT (earn EHT)and NULS-NVT(earn NVT). We will deploye more pools in the soon future!
