JuggerSWAP Launches 3rd JGN LP Staking Pool

The new pool was voted into existence by the dJGN DAO, the first such vote of its kind.

New LP

The third JGN Liquidity Pool (LP) staking pool has been announced by the Juggernaut team after a community vote. This new LP Staking Pool on JuggerSWAP will be launching on February 11th, 2022 at 9:00 AM EST.

Juggernaut’s team was very excited about this as the decision was made by a vote for the first time through their dJGN DAO system.

The community decided that the best option was to do another JuggerSWAP LP Staking Pool, with the same JGN numbers, as it worked really well for the project before!

About JuggerSWAP

JuggerSWAP is a staking platform that was originally launched on Ethereum, and has recently expanded to Binance Smart Chain (BSC). Users can stake JGN LP tokens from PancakeSwap and get JGN tokens on JuggerSWAP.

LP Staking Pool Details

In order to participate in the staking opportunity, users need to add liquidity to the JGN/BNB pair on PancakeSwap, and stake their LP tokens in the pool.

You can add liquidity to JGN on PancakeSwap here. If you need a refresher on how to add liquidity to the platform, check out this guide!

Pool Details

Start time: Feb 11, 9 AM EST. Stake JGN/BNB to get JGN

Duration: Altogether 60 days, after 30 days halved.

Reward for the first 30 days: 8,000 JGN per day.

Second 30 days, reward per day: 4,000 JGN.

Total Reward: 360,000 JGN.

How to Participate in JuggerSWAP?

You can find a full how-to-guide here, but the short version can be found below: 

Create a BEP-20 wallet [Guide]

Add BNB and JGN to the wallet [Guide] (JGN can be bought on GateMEXCPancakeSwap…)

Add liquidity to JGN/BNB pair on PancakeSwap [Guide

Connect your wallet to JuggerSWAP

Click on “open” and then on “stake tokens”

Select the number of LP tokens that you want to stake

Approve the transaction and let your LP tokens generate JGN!

Unstaking From Old Pools

The old pool ended on February 6th. The JGN team suggests unstaking and staking in this new pool. For security reasons, JGN needs to do an independent pool so it can be audited.

Inside JuggerSWAP

In the main page there’s a button to add liquidity to JGN on PancakeSwap:

In the actual mining pool, you’ll be able to see the current APY, your stake of LP tokens, the TVL, and the number of JGN rewards per day.

As always, the highest APY will be at the start, so early adoption is rewarded.

This staking opportunity will allow you to stake LP tokens and earn JGN. 

About Juggernaut (JGN)

JGN wants to achieve a cohesive intersection of Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and Metaverse, into a fun and consumer-first experience.

The JGN ecosystem features a leading NFT Exchange (JuggerWORLD), a membership program with exclusive perks (Diamond JGN), GameFi offerings, and staking opportunities (JuggerSWAP), in a powerful DeFi + NFT Infrastructure.

The JuggyLAND Metaverse game brings some innovation with create-to-play: giving power back to players and the ecosystem. Experience a new level of connection and earn with the JGN User-Generated Metaverse.

Website | NFT Exchange | Twitter | Telegram | Medium | Resources

Source : bsc.news

Leave a Reply

Your email address will not be published. Required fields are marked *