🧑‍🌾How To Earn on SquidDex Farms?

Start get Pasive income with SquidDex

Have you caught the thought of getting crypto in a way of passive income, little effort, and a few seconds? Such beneficial earnings can come true on SquidDex Farms! In this article, you will find out useful information about farming with all the details and clear examples.

What is Farming on SquidDex?

To begin with, Farming is a passive income opportunity that allows you to multiply crypto with high APRs by providing liquidity to a chosen pair of tokens.

Once you have provided the liquidity on SquidDex you get LP tokens which can be later staked to Enable Farm and bring you SQD rewards.

How To Start Earning on SquidDex Farms?

Now, we will go over the step-by-step guide with the Guide so you can gain a better understanding of farming on SquidDex. The BNB-SQD Farming Pair will play a role as a sample for this guide.

Provide Liquidity, Stake LP tokens & Earn SQD Token

As you noticed there are two tokens in a farming pair. In order to enable any farming pair on SquidDex , you need to have LP tokens that could be obtained via liquidity provision on the platform.

The liquidity needs to be provided for two tokens in a farming pair that you wish to start, let’s say it is BNB-SQD :

• Head to Farms on SquidDex

• Find BNB-SQD Farming Pair and click the Get LP button

You will be automatically transferred to the Liquidity page on SquidDex, where you can provide liquidity for BNB-SQD tokens in the farming pair

• Enter the equivalent amount of each token from the farming pair and click the Approve WBNB button

We use WBNB on the BEP-20 network, Binance Smart Chain. So BNB (BEP-2) tokens need to be wrapped (become WBNB) to provide liquidity. You may wrap BNB to WBNB by making a swap on the Exchange tab.

Note, that you need to have BNB to pay the network gas fee.

• Once you have Approved WBNB click the Supply button

• Next, you need to press the Confirm Supply button

Congratulations! 🎉

The transaction has been successfully submitted and you can now stake your LP tokens in the BNB-SQD Farming Pair to earn SQD Token for free.

• Click Stake LP tokens under BNB-SQD Farming pair to Enable BNB-SQD Farming Pair and start earning SQD tokens in return

Awesome! Your Farm is activated on SquidDex ! You have just started a lucrative SQD passive income.