How to provide liquidity and farm in Bribe Protocol
Introduction to Bribe Farming
As Bribe Protocol aims to bring liquidity and utility to algorithmic stablecoins, liquidity farming is essential to ensuring robust demand. Bribe Protocol chooses FEI, a heated algorithmic stablecoin with high recognition, as a kick-off to launch Bribe Farm and invites all FEI holders to make use of their stablecoins to generate rewarding yields. We together celebrate the fair launch of initial $BRIBE token offering through airdrops and liquidity rewards.
Upon the launch on April 22nd, users will be able to deposit FEI, BRIBE-FEI LP Token, and BRIBE-ETH LP Token in Bribe Farm to earn liquidity mining rewards of BRIBE.
1,000,000 $BRIBE farming rewards will be distributed during the first month after Bribe Protocol launches.
- Daily FEI Pool Rewards: 5,000 BRIBE
- Daily BRIBE-FEI Pool Rewards: 8,333 BRIBE
- Daily BRIBE-ETH Pool Rewards: 20,000 BRIBE
We’d like to incentivize both FEI and BRIBE communities to stake their tokens, thereby invigorating the algorithmic stablecoin market. Early farmers will be rewarded with the best yields. Get here early!
Providing liquidity on Uniswap requires you to hold both tokens of a pair. By providing liquidity, you will earn a share of trading fees, and you will be able to stake your LP tokens to farm more $BRIBE. If you provide liquidity within the first 72 hours after launch, you will earn an additional share of 100,000 $BRIBE token Initial LP Airdrop.
How to provide Uniswap liquidity and stake in Bribe Farm
- Click on Uniswap link
BRIBE-ETH: https://info.uniswap.org/pair/0x8098c4266a5aa0355d2d37461323db3f949cb156
BRIBE-FEI: https://info.uniswap.org/pair/0x25a390d8c76935426dda2668cb9cefd4ec0205b2
2. Click “Add Liquidity” on Uniswap
3. Alternative to step 1 and 2, you can go directly to Uniswap
BRIBE-ETH: https://app.uniswap.org/#/add/0x679fa6dc913acab6def33ec469fc6e421bc794f5/ETH
Input the amount of Bribe tokens to be added in liquidity pool. Click “Supply” and wait for the transaction. You will receive Uniswap LP tokens as the proof for your LP position.
4. Go to https://bribe.money/. Approve the farm to stake your LP tokens.
5. After the approval transaction is finished, input the amount of LP tokens (or click “MAX” button to auto-fill max amount) and click “Deposit”. Once the transaction finishes, you can see your staked balance and will start to earn BRIBE staking rewards.
About Bribe
Bribe is a cross-chain protocol aiming at bringing liquidity, utility, and aggregate governance rights to algo-stablecoin holders. Bribe introduces liquidity farms, cross-chain bridges, and DAO governance to help the community super-charge their algo-stablecoin holdings and participate in on-chain governance. Governed by $BRIBE token, community and DAO members will earn a share of protocol fees and take an active role in the future of Bribe Protocol.
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