howdy
I hope you're doing well! If not, just know I love you and that you're great. Have a coffee and drink some water. As many of you know - I'm a simple farmer trying to earn an honest living. I farm magic internet money. If you've never tried out yield farming, it's the wild west of farming crypto. That's why degens like myself love it. I especially love it when I can do it with zero fees. It makes me all happy inside.
Welcome to BluDAC
BluDAC is a brand new project that launched literally yesterday. This is not to say that it came out of nowhere though, this thing has been in the works for a long time. It's created by some of the biggest names in WAX NFTs like the guys behind The Uplift, which I wrote about some time ago. Basically, they've launched this platform that rewards you in $BLU token is you stake your WAX LP tokens. How much is BLU worth right now? 1 BLU = 0.5 WAX right now.
BluDAC has partnered with some of the biggest blockchain projects to provide liquidity and rewards. It's actually insane how many partners and how deep these liquidity pools have gotten. What does that mean for us, the farmers? Well it means more rewards of course. Check out how deep this BLU/WAX pool is since the launch! Also look at the BLU/AETHER pool. Fucking deep!
There's a ton of pairs that you can get LP tokens for to stake on BluDAC. Here's what the site looks like. Very simple. Very straight forward. Plus it even has a "what the fuck is this?" button! Take a look at the list and if you use WAX at all, odds are you already have some tokens you can pair with BLU for staking. Say for example you have 1000 WAX and you want to add liquidity to the WAX/BLU pair. You need an equivalent amount of each. So you'd swap 500 WAX for BLU and then you can add liquidity since you have an equal amount of each. These tokens are locked in the liquidity pool and you're given LP tokens in exchange that can be withdrawn at any time.
Here's the kicker though - not everyone can play in BluDAC. You have to have a membership NFT to be able to participate. The cool thing is they are very cheap right now. There's a limited number of membership NFTs available with each tier getting more expensive. Here's a breakdown. Memberships are available on WAX through BluDAC's NeftyBlocks page here and right now the cheapest ones are $20 in WAX. Hard to beat that considering one epoch of staking could pay for the whole membership. Hint: scroll to the bottom for the cheapest memberships. They're all the same.
After you have your membership NFT, you're ready to blast off. So if you're familiar with yield farming, this will be a breeze. If not, it isn't complicated. First, check out the BluDAC page and decide what pair you want to add. Then head to Alcor exchange and add some liquidity to one of the BLU pairs. Once you have provided liquidity head back to BluDAC and click on the Details button for the pair you want to stake in. You'll be prompted to Stake your Membership NFT then you can stake your LP tokens. That's pretty much it. Easy as fuck.
Get your LP's staked by 8PM EST tonight and you'll be able to harvest your BLU after 8PM EST tomorrow. If you have questions or need help let me know in the comments.
THIS IS NOT FINANCIAL ADVICE!
I do highly recommend jumping into at least one pair though just because BLU could explode in value. These guys work like machines and have some incredible reach in the WAX space. They're also working on other chains such as BSC and EOS. Imagine missing out on getting a membership that could strap rockets to your portfolio. Imagine not getting them sweet LP rewards. Ok, now go farm!
peace
Posted Using LeoFinance Beta
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