A Guide to PhoenixDAO Staking V.2

Below is a guide around how to use the platform

  • Visit the app Staking V.2
  • Choose your wallet from the connect wallet button, If you are using Wallet connect or Coinbase wallet scan the QR code with your mobile wallet.
  • ADDING LIQUIDITY:
    Navigate to the liquidity tab from the sidebar, here you can see add liquidity and my liquidity tab. Hit the add liquidity tab.
  1. Add the PHNX token to MetaMask if you have not already done so.
  • REMOVE LIQUIDITY:
    User can remove its liquidity by navigating into my liquidity tab and clicking on remove button
  1. On clicking on remove button a modal appears with the options of percentage of remove PHNX/ETH liquidity (how much percentage of owned liquidity you want to remove), after selecting your required percentage click on remove button. On this modal user can also see his/her pool share, received PHNX/ETH.
  • Farming: Okay, As you’ve got your LP tokens, now it’s time to stake them to earn additional rewards. Navigate to the Farm tab from sidebar, the Farm modal will appear.
  1. As with ERC-20 tokens, you’ll need to approve the movement of LP tokens — this is what allows the contract to withdraw them on your behalf. When you click Approve Contract, a popup will ask you to confirm the transaction and display a fee.
  2. After approval select the stake PHNX-ETH LP option, a modal will appear and choose the values that match your LP tokens.

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