Topics Covered:
- Swaps
- Mining/Breeding
- PONDWATER
- Streaming Yield
- Token Claims
Everything in this guide happens exclusively on http: // Pond0x. com
What is @Pond0x?
Pond0x is a decentralized platform offering basic DEX functions, swap rewards, free claims, and "easy mode" DeFi yield farming mechanisms to users of the platform.
Pond distributes 100% of its revenue to users of the platform via PONDWATER
What is a DEX?
A digital marketplace for trading cryptocurrency without a middleman, allowing users to conduct peer-to-peer transactions directly from their DeFi wallets (like MM, TW, etc.)
Pond0x đˇis a DEX
$pndc is the "cash-tag" for PondCoin, an erc-20 cryptocurrency.
PondCoin is the platform token to @Pond0x.
It allows you to participate in automated DeFi tools like PONDWATER.
You can obtain $pndc by swapping on Pond0x, a Centralized Exchange (CEX), or by mining...
What is Mining?
During a @Pond0x mining event, you can use $eth as well as other ERC-20 tokens to mine for $pndc.
Half the ETH from a mining is used to swap for $pork @porkcoineth
The other half is sent to the project multisig vault 0x17CC6042605381c158D2adab487434Bde79Aa61C
When mining cycle is active:
- Enter an amount of $eth you want to spend to mine.
- Click the ETH logo to reveal additional ERC-20 tokens you can use to mine.
- Boosters can be used to increase the amount of $pndc you obtain from a mining transaction.
Boosters:
Here is a list of all boosters.
You can view the current list here : https:// pond0x. com/players-guide
Breeding:
To be eligible for breeding, you must mine for $pndc during a mining cycle and help fill the test tube.
When the test tube reaches 100%, you can breed for $pork.
This requires you to sign $pndc spending approval tx
As well as another tx to make the actual claim.
Pro tip: Find the current BreedManager smart contract and pre-approve the $pndc spending limit.
PONDWATER:
Lock it up!
Here is a print screen that shows how to lock your $pndc for PONDWATER
Streaming Yield:
Once locked, you will earn weekly yield paid in $wETH, or wrapped ETH.
Your $pndc must be locked for at least 7 days before you can start streaming yield.
If you lock on a Saturday, you won't be able to start streaming until the 2nd Wednesday.
Vesting Period:
When streaming starts, you are able to "activate" the vesting period for your yield by signing a transaction that deposits an NFT from @Sablier into your wallet.
$wETH will stream into the NFT over a period of 7 days, you can then withdraw the full amount.
Free Token Claims:
At the time of writing this thread, we are days away from an anticipated free claim of $pork tokens.
The community speculates there will be more to come in the future.
Follow @ Pond0x and visit http: //Pond0x. com for future token claims!
DEX Rewards Claims:
Like the $PORK token claim, DEX rewards are not live at the time of posting this guide.
There is a clickable banner to "Claim Your DX Rewards" but the link takes you to a landing page.
I hope you enjoyed this Pond0x Starter Guide, that was made by :
work compiled by : Kenobi AKA @ og_kenobi_hello
#PORK $ETH #TrendingTopic #BTC