Read further to find out! The process of farming tokens using bMXX is called liquidity farming/yield farming. This term is a shorthand for clever strategies where putting crypto temporarily at the disposal of a yield farm earns its holder more cryptocurrency.
If you are keen on being a liquidity provider, get your bMXX and BNB ready and head on over to one of the farms! Liquidity provision can be very profitable and is often a way for savvy investors to indiscriminately take profit as the price of the token goes higher. However, LPs face risk of impermanent loss, which you can read more about here.
You simply have to supply bMXX and BNB in a 50/50% ratio to start earning rewards. Below is a list of the pools you can join.
- Alpaca Finance*
- Helmet Insure
- Beefy Finance
- Wault Finance
- Swamp Finance
- xWin Finance
- PrivacySwap Finance
- 7up Finance
*Alpaca is the only leveraged yield farm that gives up to 1.75x and can work with 100% bMXX.
Multiplier will launch MCL v2 by Q3 2021 with new and exciting features!
Multiplier has been audited by CertiK and Kudelski Security, with 4/7 reputable multi-sig, and with users’ assets covered by CertiKShield*.