On PancakeSwap you can trade the OPUL token against BUSD. To increase the liquidity to this pair, we are offering 75,000 $OPUL tokens as a reward.
How does this work?
You will first need OPUL tokens that run on the Binance Smart Chain (BSC). You can buy these on PancakeSwap or you can swap the ERC20 type to BSC on Chainport.
Having done that, you can go into PancakeSwap, add the liquidity to the OPUL/BUSD pair and get the LP token. Then you go to TokensFarm and stake the LP token to earn extra OPUL.
It may sound a little complicated if this is your first time. To make it easier, we are providing a step-by-step below together with a walkthrough video.
*Please be aware you can only add OPUL LP tokens on TokensFarm via the MetaMask wallet. No other wallets are supported.
*Make sure that you have connected the Binance Smart Chain network to MetaMask. Read this guide to help you.
Get OPUL tokens that run on BSC
You will first need $OPUL tokens that run on Binance Smart Chain (BSC). You can buy these on Pancakeswap or swap the ERC20 version to BSC.
You can swap them on ChainPort. Connect your wallet with ChainPort, select the chain you wish to swap from (Ethereum) and to (BSC). Select the OPUL token and put in the amount you want to swap. Confirm the transaction and your tokens are now of the BSC type.
To find them on your MetaMask wallet. Connect your wallet with BSC. Read this guide to help you set this up. When you are on the BSC chain, add the OPUL token by putting in the contract address: 0x686318000d982bc8dcc1cdcf8ffd22322f0960ed
Steps to start staking OPUL
Now that you have OPUL tokens on BSC, you can start staking. Make sure you have BUSD tokens as well. You can buy these on Pancakeswap.
1. Go to the OPUL staking page on TokenFarm: https://tokensfarm.com/opul/lp/2
Here you will see a tab to the Pancakeswap LP farm. Select this.
Below the box you will on the right, the link to the Pool on PancakeSwap. Click there. Or follow this link: https://pancakeswap.finance/add/0x686318000d982bc8dCC1cdCF8fFd22322F0960Ed/0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56
2. Now that you are in the right pool on Pancakeswap, connect your wallet.
Then enter the amount of liquidity you wish to provide to the liquidity pool. Keep in mind that you must provide the same value in BUSD as in OPUL.
Click on supply. Once you successfully supplied the liquidity, you will receive the corresponding amount of LP tokens.
3. You can now head back to TokenFarm to start staking the LP token:
https://tokensfarm.com/opul/lp/2
First, connect your wallet to TokensFarm (MetaMask only and on the BSC network!). Now you can deposit the LP token.
Enter the desired amount. Click on stake. When you submit your LP tokens successfully, the staking mechanism goes into action, and your rewards will start accumulating based on the APY.
Where to buy OPUL tokens
We are listed on Kucoin, Gate.io, Uniswap, and PancakeSwap.
- Kucoin: https://www.kucoin.com/trade/OPUL-USDT
- Gate.io: https://gate.io/trade/OPUL_USDT
- Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x80d55c03180349fff4a229102f62328220a96444
- PancakeSwap: https://pancakeswap.finance/swap
(add the BSC contract address of OPUL: 0x686318000d982bc8dcc1cdcf8ffd22322f0960ed)
How to withdraw your tokens
- On Tokens Farm
To withdraw your LP tokens, click on the “Withdraw & Harvest” button and select the amount of LP token you wish to withdraw from the farm. - On Pancakeswap
To withdraw your OPUL/BUSD tokens, visit the Pancakeswap pool interface, select the OPUL/BUSD pool, click on “remove” and enter the amount you wish to remove.
Staking Specifications
Opulous is implementing a time-based reward system to further incentivize long term liquidity providing via a ‘Dynamic bonus pool’. For 60 days, starting on October 07, 2021, 75k OPUL tokens will be distributed proportionally to all those who commit liquidity to PancakeSwap’s OPUL <> BUSD LP.
The bonus tokens have been locked in this smart-contract and are distributed proportionally to the time the LP tokens are staked in the contract and to the ratio of holdings out of the total depositors, calculated per block. The APY presented is true to that moment and is subject to high volatility. The personal APY depends on the amount, duration, and ratio of staked OPUL-BUSD LP tokens.
The longer you stake, the higher the rewards!
Impermanent Loss
The liquidity pool of PancakeSwap contains the risk for Impermanent Loss. To understand what that means, please read this article.
If you have any additional questions, please drop by our Telegram group, and we’re ready to help you out. Happy Farming!
How To Video
You can also watch this video to see the process in action:
https://www.youtube.com/watch?v=fhg6Be6D5ZM
