How to Farm in Playlist
Earn $CDZ as a Liquidity Provider
Yield Farming in Playlist allows users to earn $CDZ rewards by staking LP Tokens.
Unlike single-asset Staking Pools, Yield Farming on CDzExchange requires you to stake two token pairs to get CDZ-LP Tokens, which you then stake in the Playlist to earn rewards. Learn how to provide liquidity to get CDZ-LP Tokens if you don’t have any CDZ-LP tokens yet.
Keep one thing in mind: providing liquidity comes with a risk of Impermanent Loss. It’s the inherent property of AMM in the DEX world. You can learn more about Impermanent Loss here.
2. Connect to your Binance Smart Chain (BSC) compatible wallet by clicking the Connect to a Wallet button on the top right-hand side. A popup window will appear.
3. Here we show MetaMask as an example. Click MetaMask. You can learn how to get MetaMask and set it up if you don’t know how to configure MetaMask for BSC network.
4. After you connect successfully, then a list of LP token pools will show up. Find the pool you like. Here we take the TAA-TAB LP token pool for example. Choose the TAA-TAB LP token pool to deposit in.
5. Once you choose the TAA-TAB LP token, click the Approve button. Your wallet will ask you to confirm.
6. After confirmation, the Approve button should now be replaced with Insert and Eject buttons.
7. Click the Insert to bring up the staking menu. A window will appear.
8. Enter the amount of the LP token you want to stake. If you don't have LP tokens yet, please click Get TAA/TAB LP token above, which will redirect you to the corresponding Add Liquidity page to get those LP tokens.
8. Click Insert. Your wallet will ask you to confirm the action.
9. Once the transaction is successful (typically a few seconds), you'll see the updated staked amount. This staked amount represents the balance of your LP-tokens, which is share total share of tokens deposited in the pool relative to the entire pool size.
10. You can view how much $CDZ has been earned in real-time.
You can easily add more LP tokens by clicking Insert.
1. You can click Eject to remove staked LP-token assets.
2. Input the amount you would like to remove. Click Eject.
3. Click Confirm if you still want to proceed.
Note: If your assets are staked less than 72 hours, there will be a 2% withdrawal fee of your total harvest (claim) amount. 50% of the withdrawal fees are sent to the Protocol Insurance Fund (PIF) Treasury. The remaining 50% will be burned.
4. The withdrawn assets are now returned back to your connected wallet, and your earned $CDZ harvest will also be triggered automatically.
You can Harvest (withdraw) your accrued $CDZ rewards at any time you like by clicking Harvest.
Note: If your assets are staked less than 72 hours, there will be a 2% withdrawal fee of your total harvest (claim) amount. 50% of the withdrawal fees are sent to the Protocol Insurance Fund (PIF) Treasury. The remaining 50% will be burned.
Click Confirm if you still want to proceed.
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