WeHMND/WETH LP Staking is Now Live โ€“ Enjoy Returns from 100% to 1000%!

WeHMND/WETH LP Staking is Now Live โ€“ Enjoy Returns from 100% to 1000%!

Hello, human nodes, friends, and community members,

For those who prefer dynamic pools over stables, Humanode has launched WETH/WeHMND LP Biostaking. ๐Ÿš€

Starting today, June 13th, 2024 at 12:00 UTC, you can add liquidity to the WETH/WeHMND pair and stake your LP tokens on Humanode Biostaker. It involves pairing Wrapped Ethereum (WETH) with Wrapped Humanode (WeHMND) tokens to create a liquidity pool. By doing so, you help provide the necessary liquidity for trades and transactions on the network.

Biostaking rewards will start tomorrow, June 14th, 2024 at 12:00 UTC. This means that starting tomorrow, you can start earning rewards. Humanode Biostaking offers an annual percentage rate (APR) ranging from 100% to 1000%, depending on various factors like the total amount staked and the duration of your stake. It's a Sybil-resistant way to earn passive income while supporting the network.

Hereโ€™s the timeline for staking: 

๐Ÿ–Œ๏ธJune 13th, 2024 at 12:00 UTC: Liquidity provision and Biostaking opens. Start pairing your WETH and WeHMND tokens to add liquidity and stake your LP tokens.

๐Ÿ–Œ๏ธJune 14th, 2024 at 12:00 UTC: Start earning rewards!

Adding liquidity and staking LP tokens not only provides you with potential rewards but also strengthens the Humanode network, contributing to its overall health and stability.

How to Add Liquidity and Stake:

Step 1. Get HMND on any centralized exchange (CEX).

Step 2. Use the Humanode internal swap to turn your HMND into eHMND. Or directly 

Step 3. Convert ETH to WETH: Swap your ETH for WETH using any decentralized exchange (DEX) or directly in your wallet. Need Help Swapping? Go to Uniswap, connect your wallet, select ETH and WETH, and swap.

Step 4. Port Your WETH to Humanode: Use ChainPort to move your WETH from the Ethereum network to the Humanode network. Port Your WETH: https://link.humanode.io/bridge/chainport/weth 

Step 5. Add Liquidity on Impossible Finance DEX: With WeHMND and WETH in hand, add liquidity to the WeHMND/WETH pool on Impossible Finance DEX. You'll get LP tokens representing your share of the pool. Add liquidity: https://link.humanode.io/trade/impossible-finance/add-liquidity/weth

Step 6. Stake Your LP Tokens: Take your LP tokens and stake them on the Biostaker for passive income. Staking pool: https://mainnet.biostaker.hmnd.app/biostaker/0xE6722d4b4864b585b338B3ceE667372cc50035cF 

๐Ÿ‘‰Quick Tips:

Be aware of the gas fees on the Ethereum network. ๐Ÿšจ

Reach out on our community channels for any help and queries. Happy Staking!