Users stand a chance to gain 2X BABY rewards from the WIZARD yield farm.
BabySwap Adds WIZARD Farm
BabySwap has launched a yield farm for Non-Fungible Token (NFT) marketplace, WIZARD. Users can stake BABY tokens to earn WIZARD rewards and earn BABY from staking WIZARD tokens.
The Binance Smart Chain (BSC) protocol is a popular Decentralized Exchanges (DEX) for young BSC projects. BabySwap offers a wide range of yield farms featuring USDT liquidity pools (LPs). BabySwap announced WIZARD’s introduction on 3rd July via Medium.
“Good morning, good afternoon, and good evening to our BABY sitters!! Let us introduce a new Farm and Pool from WIZARD! More is welcome, check this out to submit a request,” the Medium article read, announcing the latest exciting update for BabySwap users.
As part of the introduction, BabySwap will provide a WIZARD-USDT farm as well as trade mining. Users will obtain 2x BABY rewards for 30 days simultaneously.
Users can expect double rewards as they provide liquidity for the WIZARD-USDT LP farm with high Annual Percent Rates (APR). Users can stake BABY tokens in BabySwap’s WIZARD pool and earn WIZARD rewards.
BabySwap Drops Important Update on Scams
Due to the numerous scams around the BSC network, the protocol published its token contract on its Medium post. BabySwap also stated that users who fail to utilize the token contract risk losing their funds.
“The official WIZARD token contract address on Binance Smart Chain is: 0x5066c68cae3b9bdacd6a1a37c90f2d1723559d18,” the post explained, “Any other WIZARD token will be a scam and will result in financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing any tokens,” the team detailed.
In addition, BabySwap also noted that users should ignore airdrops from other addresses for WIZARD tokens.
“If you receive airdrops from another address for WIZARD tokens, we advise you to ignore them,” the Medium post clarified.
How to Stake BABY With WIZARD Pool and Earn WIZARD Rewards
BabySwap users can stake BABY tokens and earn WIZARD rewards in a few steps:
Visit BabySwap Pools webpage.
Click on “unlock wallet,” then connect your wallet and “Approve BABY” on the WIZARD pool.
Click on the Stake button
Finally, Confirm the transaction
2x BABY Rewards: Stake WIZARD-USDT LP and Earn
This is meant for WIZARD holders. However, they will need to get LP tokens before staking WIZARD-USDT LP on the farm.
Getting LP Tokens
Go to BabySwap’s liquidity page and click on “Add Liquidity”
Select WIZARD & USDT and enter your amount
Make sure you check the details before clicking “Supply”
Confirm supply and the transaction in your wallet
Liquidity is added successfully
Staking
Go to BabySwap Farms
Search for WIZARD-USDT farm and select it
Click on “Approve Contract”
Click on “Stake LP” and enter the amount of added LP, then click “Confirm”
Confirm the transaction in your wallet
When users trade from WIZARD to USDT and vice versa, they will obtain BABY as trade mining rewards.
Source : bsc.news
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