LP Staking Guide
LP Staking is the process by which you transfer your tokens to blockchain maintenance in exchange for Rewards in the form of new tokens. In simple words — you “deposit” your tokens and receive Rewards on top of them.
On the Nimbus Platform, liquidity providers receive 100% APY in NBU (~0.27% per day) when using LP Staking. The following pairs are available for this functionality: BNB / NBU and GNBU / NBU on the BSC network, as well as ETH / NBU, GNBU / NBU, USDT / NBU and WBTC / NBU on the Ethereum network (current pairs can be tracked on the Platform).
How to Use LP Staking
To view the balance of LP tokens, go to the LP Staking section of the Platform (Figure 1).
In this section, you can see the pairs available for LP Staking (Figure 2).
Each window contains the following information (Figure 3):
- Balance of unused LP tokens;
- Number of LP tokens already added to Staking;
- Pool rate: 100% APY in NBU;
- Number of LP tokens added to Staking by all users;
- The user’s share in the pool.
First, click on the Deposit button (Figure 3).
A new window will open (Figure 4). It shows the same information as in Figure 3.
The Unused LP balance window shows the number of LP tokens that are not used by the user yet (Figure 5).
To add LP tokens to LP Staking, click on the Deposit button. A new window will open. Enter the number of LP tokens that you want to add to Staking (Figure 6).
The MAX button allows adding to LP Staking all LP tokens available to you at once (Figure 7).
To confirm the action, click on the Deposit button.
The MetaMask wallet window will open. You also need to confirm the action by clicking on the Confirm button (Figure 8).
The tokens added to LP Staking will be displayed in the Liquidity deposit window (Figure 9).
The Rewards will be displayed in the Unclaimed NBU window (Figure 10).
This window contains information on how much NBU will be accrued per week as a Reward. This indicator is determined by the number of LP tokens added to LP Staking, so it changes only if the number of tokens at Staking increases or decreases.
The Claim button allows withdrawing all accrued Rewards (the possibility of partial withdrawal of the Reward is not provided). When you click on it, the MetaMask wallet window will open. You also need to confirm the action by clicking on the Confirm button (Figure 11).
To withdraw LP tokens from Staking, click on the Withdraw button in the Liquidity deposit window (Figure 12).
A new window will open. It contains information about the number of LP tokens that will be withdrawn and the Reward amount that will be sent to the wallet connected to the Platform (Figure 13).
To confirm the transaction, click on the Withdraw & Claim button and confirm the action in MetaMask.
LP Staking of Tokens Created on Uniswap
You can create LP tokens both on the Nimbus Platform and on the Uniswap exchange. LP tokens are created there via the same functionality as on the Nimbus Platform in the Pool section, but only within those pairs created on Uniswap.
Once the LP token is created, it goes to the user’s wallet and the user can go to the Platform to the LP Staking section and add the LP token to the offer (the one that has the “Uniswap” mark — Figure 14).
The user receives Rewards on Uniswap and sees them on Uniswap, as well. The functionality is completely the same as for other offers.
The user can see LP tokens created on Uniswap on his/her balance on the Nimbus Platform by connecting the same wallet as on Uniswap.
LP tokens created on Uniswap can be added to LP Staking by the user — a certain Reward for LP Staking is provided.