Liquidity Pool
Provide Liquidity in our Liquidity Pool (LP) to earn STAY tokens
NFsTay Pool available:
USDC-STAY LP
In order to provide Liquidity, we first have to purchase either STAY or USDC, depending on which you want to provide liquidity with.
Providing liquidity is possible on NFsTay dApp using the ZAP IN button or on Pancakeswap.finance. To provide Liquidity on Pancakeswap, head over to the Liquidity section under the "Trade" tab. Connect your wallet (Make sure your Metamask is on the Binance Smart Chain Network). Now you have to choose a valid pair. Token A will be USDC and token B will be STAY. If STAY do not show up, please copy/paste the address shown below manually.
STAY: 0x7F14ce2A5df31Ad0D2BF658d3840b1F7559d3EE0
Click on "add liquidity" and accept the transaction in your wallet.
Now that you have provided LP, you can head over to NFsTay Wallet and deposit your LP's.
Reinvesting in the Liquidity Pool:
Reinvesting in the liquidity pool is an optional part of the decentralized finance (DeFi) side of NFsTay. When you provide liquidity, you’re contributing to a pool of tokens that supports trading activity on decentralized exchanges (DEXs). In return, you earn rewards.
Benefits: You can earn compounding returns by reinvesting your $STAY tokens into the liquidity pool. These returns are based on fees generated by other users trading on the platform.
Risks: Investing in the liquidity pool is different from investing in property shares. The value of $STAY can fluctuate based on market conditions, and there is also the risk of impermanent loss, where the value of the tokens in the pool may change relative to the market price.
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