BakerySwap User Guide
Earn extra $BAKE rewards using ONTO to participate in the $BETH liquidity farming
Last updated
Earn extra $BAKE rewards using ONTO to participate in the $BETH liquidity farming
Last updated
Event: BETH Liquidity Farming Event held by BakerySwap and Bianance Smart Chain
Duration: From Jan.06 20:00 SGT to Jan.13 20:00 SGT
Rewards: $BETH Rewards from ETH2.0 and Extra $BAKE reward from BakerySwap incentive
Step 1: Download ONTO
Download ONTO app from https://onto.app if you’re a non ONTO user.
Step 2: Create a BSC address
Click the BEP-20 "BNB" token in the asset page, and enter the wallet password to create the BSC address according to the prompt. Users who have created BSC addresses can ignore this step.
Step 3: Add tokens
Search and add BETH and NAKE tokens in the ONTO asset page.
Step 4: Withdraw BETH
Log in to your Binance app account, find BETH token in the "spot" list and click to withdraw. Please copy and paste the BETH address from ONTO wallet to the withdrawal address.
Notes: According to the Binance official announcement, the $BETH withdrawal will be available from January 5, 2021.
Step 5: Enter BakerySwap
Find BakerySwap dApp in the asset page in ONTO and enter it.
Step 6: Conenct Wallet
BakerySwap dApp will default to the BEP-20 BNB address on ONTO. If you find that the wallet is not connected, click "connect wallet" and select a wallet option to connect according to your preference.
Step 7: Trading $BETH
Enter the ‘Exchange’ interface, you can trade $BETH with other tokens on BSC at BakerySwap.
Step 8: Providing liquidity for $BETH
On the ‘Exchange’ interface, select ‘Pool’, and click the ‘Add Liquidity’ button, select one of the three trading pairs BETH-ETH, BETH-BNB or BETH-BUSD, and add liquidity in proportion. Authorize ‘Approve BETH’ in the wallet first, and then click Supply.
After above operation, you can get the BLP liquidity token.
Step 9: Staking BLP token
Enter the ETH2.0 interface, find the pool corresponding to the BLP you own from BETH-ETH, BETH-BNB, BETH-BUSD, and click ‘Select’.
Then authorize the BLP token, i.e. Approve BETH-BNB BLP. After the authorization, click the “+” button to stake the BLP tokens.
Stake BLP tokens and confirm.
Step 10: Rewards
The Rewards of $BETH farming includes
a. $BETH Rewards from ETH2.0
b. Extra $BAKE reward from BakerySwap incentive
Users can withdraw $BAKE whenever they want through ‘Harvest’ button. The expected APY is approximately 30%-100%, and the actual APY depends on the ETH2.0 chain rewards and the APY from BakerySwap.
