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Instructions to stake Shiba - for the next 11 days you’ll get MASSIVE free BONES coin DAILY for staking Shiba
🕑 Added 2021-07-09 07:40:37 +0000 UTCFri, 7.9.2021
1. Watch this video to learn how to stake Shiba https://youtu.be/yE-GaNO3-Zc
2. Written instructions of HOW TO PARTICIPATE in SHIBA’s STAKING:
Many ShibArmy members will simply stake their LEASH and SHIB using BURY but ShibaSwap’s fullest utility can be found in its liquidity features. For those who wish to be part of this historic event and want to earn the most BONE possible, we’ve made it easy to “ape” into ShibaSwap.
BONE is the main token of ShibaSwap and other ecosystem projects. While it has a maximum lifetime supply of 250 Million tokens, the supply (like the Shiba project itself) starts at exactly 0 the moment ShibaSwap goes live. For the first two weeks, starting from the initial block after deployment onward, there will be 1,000 BONE emitted per block (split among pool rewards). This is an accelerated emission to ensure a wide BONE distribution (which comes to approximately 1,000 BONE minted every 13 seconds for this two week Liquidity Enhancement period). After the first two weeks, there will be a reduction event to start slowing the production of BONE over time starting with returns at a rate of 100 BONE per block.
There are two ways to get BONE. One is to buy it on ShibaSwap using the exclusive ETH/BONE Pair. The other procurement method, as described above, is to farm it on the accelerated rewards schedule by depositing liquidity into selected pairs on ShibaSwap and “WOOFing” (staking) the LP tokens.
BONE is distributed on a per block basis using a thing called Allocation Points, or “AP”. AP is how we determine the weight of distribution that each pool will receive. As such, pools with Higher AP will get more BONE per block while, at the same time, potentially being more competitive.
Here are instructions:
- Go to www.shibaswap.com and go to the “WOOF” (farm) page to see the incentives, farming pairs, and their current APY%.
- Select the pair you want, go to the “DIG” (add liquidity) page, and then simply add liquidity for the pair. (Note: If you already have liquidity for this pair on Sushi or Uni, you can use the experimental “FETCH” function to migrate it, or just manually remove it from UNI/SUSHI and manually add it to Shibaswap.)
- Once you’ve DUG up an SSLP token by providing liquidity, remember that you must WOOF (stake) your SSLP TOKEN TO GET BONE REWARDS. This crucial step is easy. Simply:
- Go to the ShibaSwap main page
- Navigate to the WOOF box and click FARM TOKENS.
- On the left, navigate to the token pairing you just DUG.
- Click to the pairing to show the APPROVE button.
- Once you’ve approved ShibaSwap to use your token, deposit the token and WOOF your BONE.
The article has much more details. Please take 5 minutes to read it before you stake Shib.
https://shytoshikusama.medium.com/shibapendence-day-13c31b01d9f5
Comments
and.. this answers the 'why is my transaction pending?' on shibaswap question - https://www.youtube.com/watch?v=WFsiAV3G3ag - CryptoAngel
JB
AM, perhaps I could be of assistance. Please explain where you are having the problem. I would like to do my part to help you and the SHIB community succeed:)
JB
DS, perhaps I could be of assistance. Please explain where you are having the problem. I would like to do my part to help you and the SHIB community succeed:)
and the one he did the next day : https://www.youtube.com/watch?v=PSDGZ2LAH-c
yes confusing for anyone over 35 :) I found this video by Samuel helpful: https://www.youtube.com/watch?v=q6lMig0WkJg. Decided just to stake as I am a small investor at this point.
The whole SHIB stake setup is scammy as hell. I'll sit out on this one.
I was about to stake all of my Shib when Metamask asked: "Do you trust this site? By granting this permission, you’re allowing Https://shibaswap.com to withdraw your SHIB and automate transactions for you." Then I went and Googled this article: https://cointelegraph.com/news/is-shibaswap-safe-defi-safety-review-gives-it-a-score-of-just-3
tried to follow the instructions but it keeps failing to stake :(
63% is not massive
JB
Hi SL, I have followed these steps this morning. I was able to DIG (provide liquidity) and Bury (stake), but when I went to WOOF (claim returns) the process got stuck just trying to enter the "approval" phase before you can deposit and woof your bone. The "pending" approval has been running for 56+ minutes and I have no way of cancelling it to start again. The "approval" button is greyed out. I have had to email the developers. Not good. Update: I was able to cancel the transaction through the MetaMask interface. Then I retried the "approval" again with higher gas fees and it went through just fine. Just my opinion, but the gas fees are ridiculous! Woof "Approval" = $3.93 (0.001837836 ETH) Woof "Deposit" = $12.07 (0.005618 ETH) I then tried to WOOF my BONE balance, but the transactions kept failing. I am assuming this because the Bone was below 1. The good thing is that I can see the balance of WOOF growing with each refresh, so it is claiming my rewards.
I have tried to stake shib and am unable to so following all the instructions
