CobraSwap Farming And Staking is Started
Hello, Welcome To Pinoffers. Today we are recommending new exchange i.e Cobraswap where you can start Farming & Staking To Earn. CobraSwap is a fairly new decentralized exchange (DEX) The First automated market maker (AMM) with the lowest exchange rate on the market 0.088%. Follow Below Steps To Earn From CobraSwap Farming.
Note: Always do your own research before investing in any project
How To Earn From CobraSwap Farming ?
- Firstly Open Below Link for cobraswap farming
- Click Here To open farming page
- Then Connect Your Wallet & click on Farm
- You will Earn A Lot Of Rewards For CobraSwap Farming
How to Farm
This is where the magic begins and I’m sure this is why so many of you reading this are interested in Cobra Swap. The yields available from farming are simply mind blowing, whether compared to traditional bank interest rates or not.
So you have some LP tokens from the previous step and now it’s time to stake them and earn yourself some COBRA. First thing you’ll need to do is navigate to the “Farms” tab in the left sidebar. Next you want to select the option that matches your LP tokens.
You’ll see that there are a number of ways to earn yield on Cobra Swap. At the launch there will be 15 different liquidity pools with a high APR (APR varies depending on the number of participants in each pool) where you can stake and earn yields providing a pool of liquidity.When you supply liquidity to the pools you’ll be required to approve moving the tokens to the pool. Your approval is what allows the smart contract to withdraw the tokens on your behalf. When you connect your wallet you’ll have the chance to stake your LP tokens by clicking to Approve Contract. When you click the button you’ll see a popup asking you to confirm the transaction and informing you of how much the fee will be for this transaction.
At that point select the amount you’d like to stake and confirm it. Once staked you can leave the page and any time you come back you’ll be able to see how much COBRA you’ve earned. You can click Harvest at anytime to harvest your rewards and move them to your wallet.
Just to give you an idea here are just some of the pools available for farming
How to Stake
In order to stake some COBRA tokens (or other tokens) you first need to buy some COBRA tokens along with some BNB and transfer them both to a wallet that’s supported by CobraSwap. The BNB can be transferred to your BEP-20 BSC address for paying your transaction fees.
To begin staking COBRA (or other tokens) you first need to connect a wallet to Cobra Swap. Once that’s done you can go to the “Pools” tab on the left side of the Cobra Swap site. That will present you with the available pools where you are able to stake your COBRA (or other tokens) and earn more COBRA or other BEP-20 tokens.
What is CobraSwap?
CobraSwap is a DEX on the BSC using permissionless liquidity pools that are automated and run completely by algorithms. This use of algorithms to run the pools makes Cobra Swap an automated market maker.
What can you do on CobraSwap?
As you might already be guessing based on the explanation above, Cobra Swap allows users to exchange BEP-20 tokens. It also allows them to use their cryptocurrencies to provide liquidity for the exchange pools, and thus earn additional tokens. It’s also possible to stake tokens on CobraSwap and earn more tokens from that method.
Cobra Swap allows for all the following:
- Provide liquidity to the exchange and earn fees
- Stake your LP (liquidity provider) tokens to earn COBRA token
- Stake COBRA to earn more COBRA
- Click Here To start farming & Staking on CobraSwap
