Providing Liquidity on FEGex and Depositing LP Tokens
This tutorial is devoted to providing liquidity on the FUSE/fBNB pool on FEGex and depositing the resulting LP tokens on the Fuse Rewards platform.
Before proceeding, please make sure that you have FUSE tokens on Binance Smart Chain (BSC). If needed, you can learn how to bridge FUSE from Fuse Network to BSC here.
Step 1. Wrapping BNB to fBNB using FEGex
Prerequisites:
- You should have BNB in your wallet for paying gas fees as well as wrapping BNB to fBNB.
Click on “Connect to a wallet” in the top right corner and connect your wallet either through Metamask or WalletConnect.
Click on “fWrap” and select BNB from the dropdown. Enter the amount of BNB you want to wrap to “fBNB” and click on “Wrap”.
Once the transaction is confirmed on-chain, you will receive fBNB to your wallet.
Step 2: Adding liquidity on the FUSE-fBNB pair on FEGex
Click on “Liquidity” and select the fBNB/FUSE pair. If you do not see the pair you can enter the Fuse contract address and it should show up.
Fuse contract address on BSC - 0x5857c96dae9cf8511b08cb07f85753c472d36ea3
Once done, click on “Select” and enter the amount of fBNB you want to provide in liquidity and the corresponding amount in FUSE will be displayed.
Click on “APPROVE FBNB” and approve the transaction from your wallet. Once done, repeat the same by clicking “APPROVE FUSE”.
Click on “ADD LIQUIDITY” and approve the transaction on your wallet. Once the transaction is confirmed, you will see the FEGex-LP tokens on your wallet.
Step 5: Staking the FEGex-LP tokens on Fuse Rewards to earn FUSE
Navigate to https://rewards.fuse.io/, click on “Connect to a wallet” at the top right and connect your wallet either through Metamask or WalletConnect.
Click on “FEGex on BSC” and select the “FUSE-fBNB” pair.
The dashboard will display information such as the APY, the FEGex-LP tokens you have in your wallet, estimated rewards, your deposits etc. Enter the amount of LP tokens you want to deposit and click on “Approve”. Approve the transaction on your wallet and then click on “Deposit”.
Once the transaction is confirmed on-chain, your deposit is successful and you will start earning FUSE rewards.
Last modified 1yr ago