IOSTSwap Farm - Tutorial

 
IOST

What you need
MetaMask wallet
IOST iWallet: bit.ly/iost-iwallet (chrome)
VPN if there are any restrictions in your country

Additional resources
Guide to IOST accounts and wallets here.
Guide to IOST resources here.
Contract:
- IOST: 0xf063Dc5160721A3c35A9A853a4498FFF32e9883b
- LPToken: 0x6aB9db3f818c8d5937eF00e88Bd87d31Da70f94b

Important note: Please note that IOST ERC-20 tokens obtained through IOSTSwap are ‘Wrapped IOST’, which is not supported by Binance, Huobi, OKX, Kucoin, or any other centralized exchanges at this moment. IOSTSwap shall not be liable for any loss caused thereby.

 


1. Buy Wrapped IOST or transfer IOST from the IOST mainnet to the ETH mainnet

1.1. How to buy Wrapped IOST
    • Unlock your ETH wallet
    • Visit www.sushi.com
    • Click [Enter App] to enter the Swap interface

 


    • Search for Wrapped IOST through its contract address and import it to the list 0xf063Dc5160721A3c35A9A853a4498FFF32e9883b
    • Enter the amount of Wrapped IOST you wish to purchase or the number of tokens of your choice to swap for IOST
    • Select and confirm the swap
Note: Be sure to import the Wrapped IOST through the contract address provided and do not directly search for IOST.

    • Click “Confirm” in the MetaMask wallet pop-up window to verify the Swap

 



1.2. Transfer IOST from the IOST mainnet to the ETH mainnet


2. Add Wrapped IOST-USDT to the liquidity pool to get LP tokens (SLP)

  • In the [Liquidity] tab, click [Add] to enter the interface for adding liquidity
  • Search and import Wrapped IOST through the following contract address 0xf063Dc5160721A3c35A9A853a4498FFF32e9883b
  • Enter the desired amount of Wrapped IOST or USDT you would like to add to the pool, and Sushi will automatically match the amounts
  • Approve IOST, approve USDT, and confirm the transaction. You will now get your SLP

  • Click “Confirm” in the MetaMask wallet pop-up window to verify the Swap



Notes:
  • Be sure to import the Wrapped IOST through the contract address provided and do not directly search for IOST.
  • You have to add equivalent amounts of Wrapped IOST and USDT. For example: If 1 Wrapped IOST is worth 0.5 USDT, you must deposit IOST and USDT at a 1:0.5 rate when adding liquidity.

Tip from Sushiswap: You’ll earn 0.25% of all trades on this pair proportional to your pool share by adding liquidity. Fees are added to the pool, accrue in real-time, and can be claimed by withdrawing your liquidity.

 


3. Stake SLP on the farm
  • Unlock your ETH wallet
  • Visit iostswap.com
  • Click [Farm] and then [Enter App]

  • Click [Stake] and then click [Approve] on the left in the pop-up window to authorize
  • Enter the amount of SLP you would like to stake. Click [Max] if you would like to stake all
  • Click [Stake] on the right in the pop-up window and then [Confirm] the transaction on the MetaMask pop-up window to complete the SLP stake.




After the staking process is completed, a notice as shown in the figure below will pop up. The link attached is the transaction hash. Click it to view the transaction details.



3.1. How to claim your Wrapped IOST returns
  • In the farm section, click [claim] to claim your earnings from a certain pool
  • Confirm the transaction on Metamask, and you will receive your returns.




After the claiming process is completed, a notice as shown in the figure below, will pop up. The link attached is the transaction hash. Click it to view the transaction details.



 

3.2. How to unstake
  • In the farm section, click [unstake] to unstake your SLP from a certain pool
  • Enter the amount of SLP you want to redeem. Click [Max] if you would like to withdraw all
  • Confirm the transaction on Metamask to unstake



After the unstaking process is completed, a notice as shown in the figure below, will pop up. The link attached is the transaction hash. Click it to view the transaction details.


Note:
Disclaimer: IOSTSwap Farm is developed by third-party developers. The information provided here does not constitute any investment advice. All content provided here is intended for education only. IOST bears no responsibility or liability for any loss that users may experience. Please get in touch with the DApp team directly for any questions.

Please note that IOST ERC-20 tokens obtained through IOSTSwap are wrapped IOST, which cannot be topped up to Huobi, Binance, and any other centralized exchanges currently. IOSTSwap shall not be liable for any loss caused thereby.

Although IOSTSwap Farm will bring high returns to users, the transfer fee on the Ethereum chain is high. If the user’s Wrapped IOST/USDT liquidity is too small, the LP reward and the staking SLP reward may be lower than the transaction handling fees. Therefore, they do not recommend users try with too little liquidity.




Previous Post Next Post