Hey! Let me tell you something…
Biswap Liquidity Providers have already earned $26.33M!
Do you want to join this enormous income growth?
Keep on reading to reveal the details ⬇️
What are LP Tokens?
LP token — a reward issued to liquidity providers for contributing to the DEX ecosystem that expands their earning opportunities.
As you know, Biswap is a decentralized exchange with the AMM mechanism that sets a price through liquidity pools to enable trading on the platform. Liquidity Providers use their tokens to add liquidity to the DEX pool and receive LP tokens as a reward.
For example:
When users add liquidity to the BNB-BSW pool, they earn LP tokens for their input. Why? Because increased liquidity allows traders to swap BNB for BSW or BSW for BNB easily and fast!
📍It’s possible to remove liquidity at any time.
That is why the LP Token, or liquidity token, is an important part of Biswap DEX functionality. Moreover, it serves as a benefit for liquidity providers, expanding earning possibilities for its owner.
How LP Tokens Enhance DeFi?
Liquidity is a fundamental concept for DEXs, such as Biswap. Liquidity in DEX as an indicator reflects how easily one asset can be converted into another without causing a sharp change in the asset’s price. That is why DEX needs liquidity to facilitate fast trades and swaps. In this case, Liquidity providers are the kind of investors that support the functionality of the platform.
Before LP token creation, the Liquidity assets were locked in the DEX and inaccessible. LP tokens help solve the problem. When users’ tokens are deposited into a liquidity pool, the platform automatically issues a new token that represents the share of the investors of that pool. As a result, the liquidity in the ecosystem is multiplied and users can use their “staked tokens” to increase their income through the LP tokens.
How to add Liquidity and get LP Tokens on Biswap?
To receive LP tokens, you have to provide liquidity first!
1️⃣Go to the Liquidity page and choose the farming pair you would like to provide Liquidity for, or you can select the desired farming pair on the Farms page and click the Get LP button to be transferred to the Liquidity page.
2️⃣Then, enter the equivalent amount of each token from the Farming pair and approve the transaction.
A more detailed guide is here:
👉https://bit.ly/3zgEM95
After these steps, you will get the lucrative LP tokens that provide you with:
- 75% Fee Reward
- High APYs on Farms
- Opportunity to get more BSW tokens
How can you use LP tokens on Biswap?
LP tokens are your share of the Liquidity Pool that enables farming opportunities and allows you to earn passively from other users’ actions on the platform.
💸Earn 75% from the Trading Fee!
Every time someone makes a swap on Biswap Dex with a certain pair, Liquidity providers get a 0.15% reward from the trading fee of 0.2%.
Don’t miss such a beneficial chance to maximize crypto!
💸Earn BSW via Farms!
Farming is a popular and effective way to multiply crypto with high APYs! You need to provide liquidity to a chosen pair of tokens and get LPs to enable that farming pair and earn TOP BSW tokens effortlessly!
👉Detailed guide is here:
https://bit.ly/3rsQ6dX
Just take a look at the several lucrative offers (as of July 19, 2022):
- 53.94% APY for USDT-BSW
- 46.86% APY for BNB-BSW
- 62.67% APY for BFG-BSW
- 44.79% APY for VET-BNB
So, rush to start profitable farming with LP tokens:
🚜https://biswap.org/farms
Recommended to read:
What is Liquidity & Why is it Important? | Learn with Robi!
📘https://bit.ly/3NXG1hz
What is an Automated Market Maker (AMM) & How Does it Work?
📗https://bit.ly/3uKr4IS
Clothing Thoughts:
Biswap DEX rewards its Liquidity Providers with additional income and a wider range of earning options. LP tokens are the key to these benefits, allowing you to get a 75% Fee Reward and multiply BSW via farming with High APY.
There’s no reason for doubts — provide liquidity and get LPs now!
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