How to Participate on SRKb-BNB Farm on SparkPool?
A simple guide on how to stake your SRKb-BNB Spark-LP tokens
Hello, Sparkies! I’m back with another article tutorial. This time I’ll be helping you with the step-by-step process on how to stake your SRKb and BNB in the SparkDeFi Liquidity Staking or now we call “SparkPool Farm Staking.”
Let’s start!
Step 1: Go to the Liquidity Staking Pool
Go to the SparkDeFi web app and click the LAUNCH APP for the new UI or the OLD APP for the old UI. Another way to access the Liquidity Staking Pools is to click the LAUNCH button under the Liquidity Staking section of the carousel. This will bring you directly to the Liquidity Staking Pools.
With the recent UI refresh, this is how the new Liquidity Staking feature looks like in SparkDeFi. Right now, there are 6 live Farms and more will open soon. Also, always make sure that you’re accessing the correct URL for the SparkDeFi Farm Staking which is https://stake.sparkswap.finance/#/farms to avoid fake or phishing websites.
Step 2: Connect your Cryptocurrency Wallet
On the upper right-hand corner of the web app, you will see the Connect Wallet. In this part, you’ll need to connect your crypto wallet, make sure that your crypto wallet is pointed to the Binance Smart Chain. For this tutorial, I’ll be using MetaMask Wallet.
Learn how to point your MetaMask Wallet to Binance Smart Chain
You have successfully connected your crypto wallet when your crypto wallet address has appeared on the web app.
Step 3: Choose the SRKb-BNB Spark-LP Pool
Go to the SRKb-BNB Spark-LP Pool and click DEPOSIT.
Step 4: Provide liquidity on SRKb-BNB liquidity pool
After clicking Deposit, the Account Info window will appear. In this section, you will see your staking balances and earnings. You need to provide liquidity first to the SRKb-BNB Liquidity Pool to get your Liquidity Provider tokens. To do that, click Get SRKb-BNB LP.
Learn more about providing liquidity in SparkSwap
You will be redirected to SparkSwap wherein you need to provide an equal amount of both SRKb and BNB tokens. For this tutorial, I’ll be staking 1,000 SRKb. Its equivalent to BNB is 0.0104337. Click Supply.
Learn more on how to use SparkSwap
After clicking Supply, another window will appear where you’ll see the number of SRKb-BNB Spark-LP tokens you’ll receive. In my case, I’ll receive 3.14063 SRKb-BNB Spark-LP tokens. Click Confirm Supply. Once the transaction has been confirmed in MetaMask, you can now go back to the SRKb-BNB Farm.
Step 5: Stake your SRKb-BNB Spark-LP Tokens
Now that I have 3.14063 SRKb-BNB Spark-LP tokens I can proceed to the staking. Click Enable Farm. A MetaMask window will appear to approve the transaction. Approve it.
Once you have approved the transaction, the Stake SRKb-BNB LP button will be enabled. Just click the said button.
After clicking the Stake SRKb-BNB LP button, a window will appear where you’ll input the desired number of LP tokens you want to stake. In my case, I used the Max button to stake my 3.14063 SRKb-BNB Spark-LP tokens and clicked Deposit.
My 3.140639 SRKb-BNB Spark-LP tokens have been successfully deposited which is reflected on SRKb-BNB LP Deposits. I can see my SRKb per week on Your Rate SRKb/week while I can check my earned SRKb tokens under SRKB SRKb Token Earnings.
Conclusion
And that’s all of the steps in the SRKb-BNB Farm staking. The process is similar to all the liquidity staking pools in SparkDeFi so you can use this article as a guide to your liquidity staking needs.
Learn more about SparkPoint and SparkDeFi from the following links:
SparkPoint Website: https://sparkpoint.io/
SparkDeFi Website: https://srk.finance/
Trade SRK: https://srk.sh/trade
Trade SFUEL: https://srk.sh/tradesfuel
SRK-ETH on Uniswap: https://srk.sh/uniswap
Telegram Announcements (SparkPoint): https://t.me/sparkpoint
Telegram Announcements (SparkDeFi): https://t.me/SparkDeFiOfficial
SparkPoint Community on Telegram: https://t.me/SparkPointOfficial
SparkDeFi Community on Telegram: https://t.me/SparkDefi
SpakPoint Twitter: https://twitter.com/sparkpointio
SparkPoint Facebook: https://facebook.com/sparkpointio
SparkPoint Instagram: https://instagram.com/sparkpointio
SparkDeFi Twitter: https://twitter.com/SparkDeFi
SparkDeFi Facebook: https://www.facebook.com/SparkDeFi
SparkDeFi Instagram: https://www.instagram.com/sparkdefi/
LinkedIn: https://www.linkedin.com/company/sparkpointio
GitHub: https://github.com/sparkpointio
SRK on CMC: https://coinmarketcap.com/currencies/sparkpoint/
SFUEL on CMC: https://coinmarketcap.com/currencies/sparkpoint-fuel/
