Providing Liquidity on Biswap | Benefits & Short Guide!
Biswap DEX is one of the most prominent projects in the DeFi space. The company has released many excellent products since its launch. There are multiple profitable ways for users to earn crypto on the Biswap DEX.
Providing Liquidity is one of the lucrative ways to make a crypto profit on Biswap. Let’s take a look at the Liquidity definition and its benefits.
What is Liquidity?
Liquidity refers to how easy it is to convert cryptocurrency into another cryptocurrency or cash quickly and whether this can be achieved without causing big impacts on the market price. In simple terms, it describes how easy and fast it is to buy and sell an asset.
Besides, the more liquidity the project has, the easier it is to implement new products. Liquidity helps DApps invest and release new features for users to earn, expand the project’s ecosystem, and strive ahead to new developments.
What are the Benefits of Providing Liquidity on Biswap?
Providing Liquidity on Biswap opens more possibilities for users to earn crypto. LP tokens are used to enable Farms to stake and make a profit. Check out the lucrative benefits of becoming a Liquidity Provider on Biswap:
- Get a 50% Fee Reward
- Earn robust BSW tokens
- Enjoy high APRs on Farms
Sounds intriguing, right?
Provide Liquidity and Claim your rewards:
Impact of Greater Liquidity on Biswap
Liquidity is an essential part of the Biswap Dex development and progress. It affects products that provide users with various crypto-earning opportunities. When Liquidity increases, it has a positive impact on the project’s ecosystem:
🌟Resource for new implementations
🌟Bigger Total Value Locked & Trading Volume
🌟New TOP positions in popular crypto ranks
🌟More lucrative possibilities for users
🌟Cheaper exchange for users who swap big amount
As you can see, Liquidity Providers are crucial to the project’s overall functionality. The more Liquidity users provide — the more convenient it is for them to enjoy the profitable environment on the platform.
Provide Liquidity and become the power that moves Biswap DEX forward to the new accomplishments!
How to Provide Liquidity on Biswap?
Before you can enable farming on Biswap, you need to provide Liquidity to get LP tokens. Just a few steps and you can benefit from Biswap Farms:
1️⃣Provide Liquidity to get LP tokens
2️⃣Stake LP tokens and enable Farm
3️⃣Gain crypto rewards
It is quite a straightforward procedure. However, let’s review the whole process in detail!
1. Go to the Liquidity page on Biswap and choose the farming pair you would like to provide Liquidity for
You can also head to the Farms page and choose the desired farming pair (ex. BNB-BSW) and click the Get LP button
You will get transferred to the Liquidity page
2. 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.
3. Once you have Approved WBNB, click the Supply button
4. Next, you need to press the Confirm Supply button
The transaction has been successfully submitted, and you can now stake your LP tokens in the BNB-BSW Farming Pair to earn BSW for free.
5. Click Stake LP tokens under BNB-BSW Farming pair to Enable BNB-BSW Farming Pair and start earning BSW tokens in return
Explore more about Biswap Farms here:
Do not hesitate and become a Liquidity Provider now!
❗️ Keep in mind that providing liquidity is subject to impermanent loss, and it may carry certain risks. Make sure you are aware of all the pros and cons of providing liquidity before taking any actions.
More information here:
Earn with Biswap Liquidity on Partners’ Platforms!
Biswap always strives to give users many different options to make a passive crypto income. Partnering with potent projects ensures new possibilities for our users and Liquidity Providers in particular.
Discover where to earn with Biswap Liquidity outside of our platform:
Earn with Biswap LPs on Hot Cross Yields with Auto-Compounding:
- Cross Yields automatically invest your yields
- Rewarding high APY%
- Assured safety of your funds
Enjoy gainful Vaults with Biswap Liquidity on Autofarm:
- Vaults automatically invest your yields
- Guaranteed safety of your funds
- Remunerative high APY%
Try out SafePal Pool: Stake SFP — Mint (Earn) BSW
- Max stake — 1000 SFP
- Earn BSW tokens in return
- Limited offer — 30 days
Benefit from Farming with Biswap LPs:
- Stake sUDO & Unus DAO NFT
- Get BSW rewards
- Exchange sUDO on UDO in one-click action
Explore Bonstaking & Farming:
Discover the benefits:
- Multi-chain Support
- Tier Determination and Exclusive Benefits
- Organized process and 24/7 Support by Admins
Use Biswap LPs to gain LAC rewards via LaCucina Ovens!
Check out these advantages:
- No need to Stake
- Biswap Liquidity Increase
- Gain prominent LAC tokens
- Higher APRs on Biswap Farms
Gate.Io presents Liquidity Mining Pool for Biswap.
Catch Extra BSW Rewards:
💰29 200 BSW Rewards
⏰60-Day Time Limited Offer
Profit via EPK-BNB-LP Farm with Biswap Liquidity:
- Provide Liquidity on Biswap Dex
- Visit EpiK Protocol and stake your EPK-BNB-LPs
- Get precious EPK tokens
Create tokens with Biswap Liquidity on PinkSale!
While creating tokens, you can:
- Choose Biswap as Liquidity Router
- Create tokens with no code
Provide Liquidity on Biswap and open new profitable earning possibilities!
Follow the Engaging Biswap Social Media:
📢 Telegram Channel: https://t.me/biswap_news
💬 Telegram Chat: https://t.me/biswap
🕊 Twitter: https://twitter.com/Biswap_Dex
💻 YouTube: https://bit.ly/2YXYve7
📃 Medium: https://biswap-dex.medium.com/
🎮 Squid NFT World Chat: https://t.me/snw_biswap
Feel free to ask any questions and share your ideas!
🤖 Find the Community Drivers of Biswap here:
💬 Telegram Chat: https://t.me/biswap
Local Biswap Communities
🌐 Indonesian-Speaking TG Chat: https://t.me/biswap_idn
🌐 Vietnamese Speaking TG Chat: https://t.me/biswap_vnm
🌐 Russian-Speaking TG Chat https://t.me/biswap_rus
🌐 French-Speaking TG Chat: https://t.me/biswap_france
🌐 Portuguese-Speaking TG Chat: https://t.me/biswap_prt
🌐 German-Speaking TG Chat: https://t.me/biswap_germany
🌐 Chinese-Speaking TG Chat: https://t.me/biswap_china