[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

Search:

View post   
>> No.22626895 [View]
File: 150 KB, 840x908, 153738393926526.jpg [View same] [iqdb] [saucenao] [google]
22626895

>>22626284
Once you've bought Nyan tokens, you can stake them via the website. Staking Nyan rewards you with Nip. It's roughly 15 Nyan to get 1 Nip per day.

You can also stake your LP tokens on the website. The way that works is - you deposit equal values of Eth and Nip into the Uniswap pool, and when you do that you get LP tokens from Uniswap. Those LP tokens are what you give back to Uniswap to get back the Eth and Nip you added to the pool. Think of it as your proof of ownership of part of the liquidity pool. Staking LP tokens on another platform is referred to as liquidity mining. Mining Nip-Eth LP tokens on the Nyan website rewards you with Dark Nyan, the Polkadot bridge token.

Staking Nyan for Nip is just basic staking. The Nip-Eth LP staking (liquidity mining) is another level of abstraction, but it's worth wrapping your head around the concept - it's a big part of the DeFi craze.

>> No.22617030 [View]
File: 150 KB, 840x908, 153738393926526.jpg [View same] [iqdb] [saucenao] [google]
22617030

lmao @ this fud thread. anons trying to buy your bags cheap. $500 by EOD

>> No.22575318 [View]
File: 150 KB, 840x908, 153738393926526.jpg [View same] [iqdb] [saucenao] [google]
22575318

>>22574786
NYAN

>> No.22527473 [View]
File: 150 KB, 840x908, 153738393926526.jpg [View same] [iqdb] [saucenao] [google]
22527473

>>22527064
This is the real answer. And thanks for the screen shot :3

Navigation
View posts[+24][+48][+96]