How to Farm $CPD with Unicrypt? Step-by-Step Guide

Yield farming is now unlocked! Everyone who wants to try farming $CPD tokens can do that very fast. In today’s guide, we will go through the process to ensure you understand it right.

Try it now: https://bit.ly/39udA9f

What is yield farming?

Yield farming is the process of adding the assets you currently have to the existing supply. By doing so, you become a liquidity provider. You add to the ecosystem and are rewarded for that.

What are liquidity provider tokens (LP)?

LP tokens are mathematical proof that you provided assets to a pool, you can think of them as a receipt.

How to farm $CPD?

1. Please visit this page: https://farm.unicrypt.network/farms. In order to allow for the $CPD tokens to be farmed, we are currently using the Unicrypt service. Click ‘Accept’.

2. In the list of farms, find ‘Farm CPD’

3. Click on ‘Farm CPD’.

4. Connect your wallet: you can choose between Coinbase and Metamask.

5. In order to stake your LP tokens in the farm, and receive $CPD as a reward, you will first need to add liquidity to the ETH/CPD pool on Uniswap or Plasma.Finance.

6. Click on Get liquidity tokens. This will redirect you to the Uniswap pool.

Uniswap pool

  • Add liquidity to the pool by clicking on ‘Add liquidity’ in the top right corner;
  • Pick the amount of tokens you’d like to add to the pool. Approve the tokens, and confirm the transaction in your wallet — in our case it’s Metamask;

Plasma.Finance pool

  • Connect your wallet
  • Find $CPD token on the ‘Market’ page
  • Press ‘Add Liquidity’ in the right upper corner

7. Stake the UNI LP tokens you received before. Click ‘Approve’, confirm on Metamask. Then click on ‘Stake’.

Finally, this is it! Way too easy, right?

Now that you have your tokens staked, they will passively earn you $CPD tokens.

Important links

If you have any questions regarding the farming process or anything about the project, make sure to contact us on our Telegram chat:

https://t.me/CoinsPaid_Chat

CoinsPaid is a crypto-financial ecosystem including a cryptocurrency wallet, payment processor, exchange with OTC desk, a hot wallet system for businesses