Konomi Network is prepared to launch the very first staking pool on BNB Chain. The following is a thorough manual on the KONO staking system.
For the function of this post, the Metamask wallet will be utilised as an instance. First, go right here and do kwallet connection: Swap.Konomi.tech
Step one: Connect to the BNB chain. See extra instructions here.
Step two: Go to the “Farm” tab.
Let’s move on to the “Farm” over the Konomi platform interface to see the offered pools.
Step three: Deposit token LP
Select the Farm pool the consumer wishes to join and click the signal “+” to send LP tokens. A submenu will open asking the consumer to enter the amount of tokens to deposit. Then, decide on the button “To approve” (approval of the transaction).
Users really should periodically examine the standing of their investments and click by “Harvest” to declare staking rewards.
Note:
- To participate in the staking pool, end users have to very first supply liquidity to the respective pool.
- To transfer KONO from Ethereum to BNB Chain, use the Multichain bridge.
See extra: Instructions for the cross chain bridge on Konomi Network (KONO)
- Finally, right here are the good contracts for each KONO on Ethereum and for BNB Chain:
KONO ERC20 contract: 0x850aAB69f0e0171A9a49dB8BE3E71351c8247Df4
Cointract KONO BEP20: 0xe22b9152914986E4020a00ab6Ef510085C26C208
Konomi Network has been and continues to increase its providers across the DeFi market. Users can now rack up rewards by offering LP liquidity and make considerable earnings.
Information on the Konomi network
Konomi Network is a total management remedy for cross-chain crypto assets. Konomi is designed on Polkadot Substrate, the undertaking was born with the aim of supporting a number of assets in the Polkadot ecosystem. Users can deal with, exchange assets and earn curiosity by Defi items. Konomi has also launched its native token to initiate decentralized governance and liquidity.
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