$ZERC LP Staking on UNCX Network: Brand New Era of Staking Rewards
As we transition from $DERC to $ZERC, we’re thrilled to introduce the $ZERC LP staking farm on the UNCX Network! This guide will help you navigate the process and start earning exciting rewards with $ZERC.
Note: $ZERC LP Staking on UNCX Network is for $ZERC tokens on the Ethereum chain only. Information on $ZERC single-sided staking farm on https://www.zkrace.com/ for $ZERC tokens on Polygon can be found here: https://medium.com/@zkrace/zerc-single-sided-staking-farm-a-step-by-step-staking-guide-reward-distribution-3837d9b6b8f7
$ZERC-USDC LP farm is now LIVE: https://app.uncx.network/chain/mainnet/farm/0x0587E98f559D97d90a72e3842d42F2E1C9aaB8FE
All stakers will share the LEGENDARY reward pool of:
💰 Delicious $ZERC APR rewards: 250 000 $ZERC tokens are locked in the liquidity provider pool as a reward for participants
Stakers’ lottery:
🏇 15 Jockey NFTs *
🍬 20 Sugar Boxes
🦄 15 zkRace Jockey Club avatars which opens the door to Exclusive zkRace Jockey Club and grants a part of a ZJC hippodrome
🗝 10 NFT Chests and 10 NFT Keys of random tiers
🏆 Top stakers’ reward:
🏇 Top 15 stakers will each receive a Jockey NFT *
The LP staking period for Wave 1 will last for approximately 3 months. The amazing rewards for stakers will be distributed after the Wave 1 staking period ends.
If you are staking for the first time, you can jump straight to the “Stake in the $ZERC LP staking farm on UniCrypt” section.
If you’re currently staking $DERC LP tokens, follow the steps below to smoothly transition to the new $ZERC LP staking farm 👇
Unstake $DERC Tokens from $DERC LP staking farm on UniCrypt
Before you can stake $ZERC ($ZERC contract on Ethereum network: 0xf8428A5a99cb452Ea50B6Ea70b052DaA3dF4934F), you’ll need to unstake your $DERC LP tokens from the previous staking farm.
👉 Step 1: Unstake $DERC LP tokens
- Go to our old $DERC LP farm on UNCX: https://app.uncx.network/chain/mainnet/farm/0xdF002f150cEeAC6b5F5DC1FD55621D1491A30256
- Connect your wallet and navigate to the “Unstake” section.
- Unstake all of the $DERC LP tokens and confirm the transaction.
👉 Step 2: Unpair $DERC and $USDC
- Select an amount you want to unpair, click “Remove” and then “Approve”
Swap $DERC to $ZERC
With your $DERC tokens unstaked, now it’s time to swap them for $ZERC.
👉 Step 1: Go to https://zkrace.com/
👉 Step 2: To swap $DERC tokens, you will have to press the “SWAP NOW” button.
👉 Step 3: Choose the Ethereum network.
👉 Step 4: Choose the $DERC amount to swap for $ZERC and press the “SWAP” button. After the transactions are completed, $ZERC tokens will be automatically deposited to your wallet.
Stake in the $ZERC LP staking farm on UniCrypt
Now that you have $ZERC, it’s time to stake them in the $ZERC LP Staking on UNCX Network.
👉 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 zkRace, it’s ZERC/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/0x29eba991f9d9e71c6bbd69cb71c074193fd877fd
- On this page, press “+Add liquidity”.
👉 Step 3: Select the amount of $ZERC and $USDC you want to exchange for $ZERC 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.
Note: 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 $ZERC LP farm here: https://app.uncx.network/chain/mainnet/farm/0x0587E98f559D97d90a72e3842d42F2E1C9aaB8FE
- Notice the “Connect your wallet” on the right: press it to connect your wallet.
👉 Step 6: All you need to do now is stake the $ZERC LP tokens 💸
- 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 $ZERC reward pool that is available.
👉 Step 7: Boost your $ZERC rewards!
You can boost your stake weight relative to the other users in the $ZERC 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
You can also check out this quick staking tutorial from zkRacers: https://www.youtube.com/watch?v=B_mfAQP9s_I
About zkRace
zkRace is both the front-running Web3 horse racing game and the world’s 1st cutting-edge zk-rollup infrastructure tailored for GameFi and powered by $ZERC token.
zkRace is more than just a game; it’s a paradigm shift in the Web3 gaming space at large. As we embrace our newfound identity and broader mission, we invite you to join us on this groundbreaking journey.
Website | Twitter | Telegram | Announcements | Medium | Instagram | TikTok| Discord
*After the launch of the features
