Blog Post_Liquidity Tutorial

Providing Liquidity Tutorial

Become a Liquidity Provider on PancakeSwap and get extra rewards!

A 1,000,000 HI bonus pool will be distributed to liquidity providers who add to the HI/BUSD pair on PancakeSwap and then stake those LP tokens on hi. Liquidity providers will gain rewards based on their percentage share of the overall liquidity pool, with 1 million HI split between all staked liquidity providers.


SCHEDULE & INCENTIVES

Program Starts: Oct 27,2021
Duration: 3 Months
Liquidity Pool: HI/BUSD
Total Rewards: 1,000,000 HI
DEX: PancakeSwap
Platform: Binance Smart Chain
Token Address: 0x77087ab5df23cfb52449a188e80e9096201c2097


HOW DOES IT WORK?

Provide liquidity on the HI/BUSD pair on PancakeSwap during the program duration and get a share of the 1,000,000 HI bonus pool. These rewards are in addition to the normal 0.17% fee liquidity providers get from PancakeSwap trades on the trading pair.

Here’s how you get started:

First, go to PancakeSwap and connect your wallet. Click on “+ Add Liquidity”. 

Choose BUSD and HI as the token pair. To choose HI, click on “Select a token”, and then paste HI’s BSC token address in the upper field.

The token address is 0x77087ab5df23cfb52449a188e80e9096201c2097 .

Then click on import and tick the box when you are sure, that you pasted the correct token address.

Enter the amount of tokens that you want to provide for BUSD or HI. Don’t worry, the other one will be calculated automatically to make sure that there is a 50:50 ratio. When you are ready, click “supply” and confirm it.

Approve the transaction in your wallet when it pops up. Wait a few seconds to see if the transaction failed. This can happen sometimes because of slippage or price difference.

Congratulations! You are now a liquidity provider and earn 0.17% of every transaction in the HI/BUSD pool! But you can earn even more by staking the liquidity provider (LP) tokens that you just received to your wallet at hi.

Go to stake.hi.com and select the HI/BUSD pairing. 

First, connect your wallet again.

Then click on Deposit on the left and type in the amount of LP tokens you want to stake. If you want to deposit all you have, click “100%” here.

Estimated Rewards at the bottom shows you the amount of HI you are expected to receive if you continue to stake until the end of the program, assuming there are no changes in deposits.

When you are done, click on Deposit at the bottom again.

You earn rewards based on your percentage share of the overall liquidity pool. To earn extra rewards, do not un-stake your LP tokens within 30 days.

Once the Rewards Program is complete or you choose to remove your stake, you may un-stake your LP tokens and claim your rewards. To do that, just press on Withdraw on this page. Make sure to use the correct wallet address and the correct network.

Please refer to the full terms and conditions.

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