Here’s the ultimate step-by-step guide to participate in the $DERC LP staking farm on UniCrypt 🙌
👉 Step 1: To participate in the farm and earn rewards, you need Uni V2 LP tokens.
These tokens can be obtained through liquidity provision on Uniswap, based on the farm’s currency pair.
For DeRace, it’s DERC/USDC 🔄 on Ethereum Network. You need to make sure you have both currencies in your wallet.
👉 Step 2: If you don’t have any Uni V2 LP tokens, you’ll need to acquire them. (If you have Uni V2 LP tokens already — jump straight to Step 5)
🔍 Go to: https://v2.info.uniswap.org/pair/0xc88ac988a655b91b70def427c8778b4d43f2048d
On this page, press “+Add liquidity”.
👉 Step 3: Get your Uni V2 LP tokens.
Select the amount of $DERC and $USDC you want to exchange for $DERC LP tokens.
👉 Step 4: A “Supply” button will appear.
Press the “Supply” button, and you’ll be able to provide liquidity, i.e. get LP tokens.
🔑 You will also be asked to give permission in your wallet.
👉 Step 5: Congrats, Uni V2 LP tokens are now in your wallet!
Now access the $DERC LP farm here: https://app.uncx.network/chain/mainnet/farm/0xdF002f150cEeAC6b5F5DC1FD55621D1491A30256
You’ll be welcomed by this dashboard 👋
🔎 Notice the “Connect your wallet” on the right: press it to connect your wallet.
👉 Step 6: Staking
All you need to do now is stake the $DERC LP tokens đź’¸
💼 Under your account in the “Stake” section, insert the LP token amount you want to stake and press the “Stake” button.
🎉 Once you have your tokens staked, you need to subscribe to the $DERC reward pool that are available.
đź‘‹ Congrats, you made your $DERC tokens work for you. You can also earn some amazing NFT and in-game rewards while doing that as well!
👉 Step 7: Boost your $DERC rewards!
Did you know you can increase your $DERC rewards?
You can boost your stake weight relative to the other users in the $DERC pool by burning $UNCX.
More details of how to boost your rewards: https://docs.uncx.network/guides/for-investors/staking#how-to-boost-my-stake
More information on the current rewards’ wave👇 https://medium.com/@deracenft/derc-lp-staking-on-uncx-network-brand-new-wave-of-staking-rewards-88a117bfe78c
About DeRace
DeRace is a play-to-earn NFT horse racing metaverse where you can participate in horse races, breed NFT horses with unique characteristics, equip them, host races in your own NFT hippodrome and earn rewards while doing it.
DeRace is electrifying the current NFT market by allowing players to fully interact with their DNA-enriched NFT horses and have full control of their own hippodromes.
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