Enjoy the Newly Launched IceCreamSwap Incentivized Liquidity Farm on Base Chain.
Are you looking to earn passive income on your crypto assets on Base chain? Look no further!. We are excited to announce that our incentivized liquidity farm feature is now live on Base chain, offering yummy APYs of multiple 100% on $ETH/USDT and ICE/USDT pairs.
Incentivized liquidity farming is one of our most popular features on IceCreamSwap Dex. It allows users to provide liquidity to various liquidity pools on our Dex and earn passive rewards in the form of $ICE tokens. We have designed our farm APYs% in such a way that they are lucrative for users on the Base chain.
To enjoy the IceCreamSwap liquidity farm on base chain, you will need to follow these steps:
1. Connect your wallet to IceCreamSwap Dex. You can use MetaMask, Coinbase, WalletConnect, or any other Ethereum wallet that supports the Base chain.
2. Go to the “Farms” page. This is where you will find a list of all the liquidity pools that are available on IceCreamSwap.
3. Choose a liquidity pool to provide liquidity to. You can choose a pool based on the token pairs that you are interested in, or the APY that is offered.
4. Deposit your tokens into the liquidity pool. You will need to deposit an equal amount of each token in the pair. For example, if you are providing liquidity to the ICE-USDT pool, you will need to deposit the same amount of ICE and USDT tokens ($1000 worth of ICE and $1000 USDT).
5. Once you have deposited your tokens into the liquidity pool, you will receive LP tokens in return. These LP tokens represent your ownership of the liquidity in the pool.
6. Finally, stake your LP tokens in the farm. To earn rewards, you will need to stake your LP tokens in the farm. You can do this by navigating to the “Farms” page and clicking on the “Enable contract” button, approve the Metamask pop-up. Then click on the “Stake Lp”next to the liquidity pool that you want to stake in.
Note: You will start earning rewards as soon as you stake your LP tokens in the farm. The rewards will be paid out in $ICE tokens.
Apart from earning passive reward, here are some additional benefits of farming liquidity on IceCreamSwap: By providing liquidity to our liquidity pools, you are helping to support the growth of the Base chain ecosystem and also your participation in our liquidity pools helps to increase the liquidity of the Base chain markets. This makes it easier for users to buy and sell tokens on our Dex.
Note: Newly launched projects on Base chain that wish to add their token’s pool to the IceCreamSwap farm can do so by reaching out to any of the moderators on the IceCreamSwap Telegram group or the IceCreamSwap CEO/Founder on Telegram.
This measure was put in place by the IceCreamSwap team to prevent the listing of scam projects on the IceCreamSwap farm.
In summary, the launching of the IceCreamSwap liquidity farm is a positive development for the Base chain ecosystem. It provides users with a new way to earn passive income, support the growth of the Base chain ecosystem, and increase liquidity on the Base chain markets.
Useful links:
Website: https://IceCreamSwap.com/
Telegram: https://t.me/IceCreamSwap_com
Twitter: https://twitter.com/icecream_swap
Discord: https://discord.com/invite/dVZm67rt4S
official medium: https://icecream-swap.medium.com/
IceCreamSwap wiki : wiki.icecreamswap.com/
Base chain website: https://base.org/
Base chain explorer: https://base.blockscout.com/