Liquidity Mining means providing liquidity by contributing LP tokens into a pool to earn rewards. By creating the LP tokens on decentralized exchanges (such as PancakeSwap) liquidity providers allow others to trade on DEXes.
Providers collect a proportion of the fees paid by users who use that pool to swap between tokens. On the other hand, contributors can earn additional rewards for providing liquidity — that’s the case of GamerHash. The additional GamerHash rewards very generously compensate for the potential impermanent loss.
How to provide GHX/BNB liquidity and start earning $GHX
Step 1
Go to the “Trade” tab on PancakeSwap and choose “Liquidity”:
Direct link: https://pancakeswap.finance/liquidity
- Click “+ Add Liquidity”:
- Add $GHX token on PancakeSwap by adding a custom token if you haven’t done it before. To add the token, click “Manage tokens” and paste the $GHX contract address under the “Tokens” tab.
- $GHX contract address: 0xbd7B8e4de08D9b01938F7FF2058F110ee1E0E8d4
- Token standard: BEP-20 (Binance Smart Chain)
Scam alert: Beware of fake contract addresses, always take the contract address from the official trusted sources such as CoinGecko or from the project website.
Step 2
- Select how many $GHX and BNB tokens to add to the $GHX-BNB liquidity pool.
- Click “Approve GHX”.
Step 3
- Once GHX is approved, click “Supply”
- Click “Confirm Supply”
- A Metamask transaction will pop up. Confirm the transaction.
Step 4
- Once the transaction is completed, you will receive GHX-BNB LP tokens representing your share of the pool.
- The balances of your committed $GHX and BNB tokens are now zero, and now you own GHX-BNB LP tokens.
- You can check the balance of your LP tokens in the open liquidity positions section, below the “Add Liquidity” box.
- The balance can be seen in your Metamask by adding the $GHX/BNB LP token address as a custom token.
Step 5
- Head to https://staking.gamerhash.io/
- Click “ADD LP TOKENS” in the Liquidity section.
- A Metamask transaction will pop up. Confirm the transaction.
- Start earning $GHX! You will be able to claim them in the “Claim GHX” section
Note: To provide liquidity, you need to contribute an equal USD value amount to each token — GHX and BNB. Example: If you want to contribute 100$ worth of $GHX, you should also have 100$ worth of BNB.