XFai is enthusiastic to announce that $XFIT token holders can now earn triple-digit APR by participating directly in the XFai farming interface.The new addition welcomes those who may be holding $XFIT as a result of trading on Uniswap, and are looking to increase their profit in a lesser-risk, steady manner. This development is expected to positively impact both the current farmers and the $XFIT holders, as the TVL (total value locked) increases to support sustainable growth of $XFIT token.
How to Participate in XFai Liquidity Farming with $XFIT
This step-by-step guide is applicable for those who may have purchased $XFIT directly from Uniswap. Current farmers may harvest their XFIT tokens and follow this guide to add $XFIT LP to XFai liquidity farming. Do not sell your XFIT for USDT or USDC, as the sold XFIT tokens will not be eligible for the BSC airdrop.
Step 1
Select the pool you desire. Currently, there are 2 pools: XFIT-USDT and XFIT-USDC. You can find the XFIT-USDT pool on Uniswap by clicking here, or the XFIT-USDC pool on Uniswap by clicking here.
Step 2
Enter the amount of XFIT you wish to add. Uniswap will automatically calculate the amount of USDT/USDC you need to add.
Step 3
Approve XFIT, and follow through with the instructions shown on your Metamask or other supported wallet services.
Step 4
Add liquidity.
Step 5
Go to the XFai liquidity farming interface. Allow access to your Metamask wallet if you have not already.
Step 6
Click on “Wallet: X USDT/C” in whichever pool you added liquidity to and then you select the “Wallet: X LP” option (it will show how many LP tokens of that pool you have in your wallet), in which X stands for how much USDT or USDC you have in your wallet.
Step 7
Click “Farm” and go through the prompted transactions
Increased Involvement, Supercharged Returns
Following the above steps, any XFai supporters, regardless of those who have been farming for a while or those who have purchased $XFIT on Uniswap, can stake their LP tokens in XFai liquidity farming and earn supercharged, 3-digit true APR. This new addition benefits everyone involved in XFai.
First, the current farmers can benefit from increased TVL that supports price stability of $XFIT thus making farming operations more profitable with minimum impermanent loss. The increased TVL would also contribute to a long-term growth of $XFIT, steadily and sustainably increasing the dollar value of the $XFIT tokens the current farmers have received as rewards.
Second, the new farmers joining with the manual LP addition can effectively transition their current $XFIT holdings into a profit-generating token that consistently gives high profit. This closely reflects the ease-of-use and one-click-farming philosophy that XFai continues to carry.
Last, the increased TVL fortifies XFIT to be the token of choice for institutional investors as the liquidity would support easy entry and exit with reduced slippage, while the upward price pressure organically produced through XFai’s upcoming line of technological products would support an organic, long-term growth of $XFIT.
Overall, the new addition not only offers an opportunity for more people to earn while holding $XFIT, but also showcases the level of maturity that is rare for a project that has been live in the market for less than a month. We believe this will create a wider group of profound XFai supporters who will join us in this exciting journey.
About XFai
XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DLO is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai’s native token, XFIT, was launched on 16th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.
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