260% APR by staking FTM on TOMB Finance
Sound to good to be true? Well may be, but for now, let’s make hay while the sun shines. 5 steps to get in on the action by swapping FTM for TOMB and earning TSHARE rewards.
Follow this article on my journey to stake in TOMB finance. I have $479 of FTM which I am staking and will follow these steps:
- Add FTM network to Metamask
- Use Binance to send FTM to metamask
- Swap FTM for TOMB on spooky swap
- Use FTM/TOMB to buy LP tokens
- Stake the LP tokens
Come back for updates every few days to see how we go and if the value increases as promised.
Would also like to shout out my favourite crypto show, “Crypto banter”. Check it out and become a sniper on trading view…
Step 1: Add FTM Opera to Metamask
- Make sure you have installed the metamask chrome extension as shown here.
- Now add the fantom opera network to metamask as shown here.
Step 2: FTM from binance to Metamask
- If you already have FTM, then move it to an exchange like Binance which allows you to withdraw FTM on the FTM network.
Save in fee’s: if you have FTM on Kucoin or in the ETH network, then swap it for XRP, transfer the XRP to Binance, swap XRP back for FTM and then transfer to Metamask using FTM network. You will save almost $100 in fee’s
2. Change to the Fantom network in metamask
3. Now in binance, withdraw to your Metamask address. Be sure to choose the FTM network.
Step 3: Swap FTM to TOMB
Now swap around half of your FTM for TOMB. You need both FTM and TOMB to be able to stake TOMB, so don’t swap it all.
You need an equal amount of FTM and TOMB to stake, so, its roughly half FTM to TOMB, So if TOMB is a higher price, then you will need to leave a little more FTM than TOMB in your wallet.
Note after you have swapped, you will see the TOMB in your Metamask wallet.
Step 4: Buy LP tokens
- From tomb.finance click ‘buy tomb’
- From the menu, choose liquidity
- Choose max and make sure your ratio of tomb to FTM is ok
- Confirm and make sure in Metamask, you got your LP tokens.
Step 5: Stake your LP tokens
- Now make your way to cemetery to stake your LP tokens and follow the flow below:
- Choose TOMB-FTM-LP
- Choose approve and confirm in metamask
- Click the + button and choose MAX and confirm
- Finally you will see your staked tokens below
I will update this article over the next few weeks with the results so you can see it in action.
Ok, so a day later and no tshares just yet, but I have to wait for a certain number of epoch’s to finish. I see the value is up from yesterday, but my guess is that is because FTM and TOMB are up a little.
Check back on 3 Dec for an update…