ICECREAMSWAP JUICY LIQUIDITY FARM ON SHIMMER EMV (Earn Passively)

4 min readOct 1, 2023

Looking for how to earn passively on the newly deployed Shimmer EVM, look no further! We are thrilled to announce that IceCreamSwap’s juicy liquidity farms with massive APYs in the multiples of 100 is live on Shimmer EVM, a rising star in the DeFi space. With our liquidity farms, users can now earn high APYs on our currently supported pairs: SMR/USDT and ICE/USDT. More delicious pairs are coming soon. Projects can also create their own liquidity pools on our Dex.

Note: Liquidity farming is the process of providing liquidity to a decentralized exchange (eg. IceCreamSwap) in exchange for rewards. Dexes rely on liquidity providers to create markets for traders. By providing liquidity, users help to make Dexes more efficient and accessible to everyone.

Why Farm Liquidity on IceCreamSwap?

IceCreamSwap is one of the leading DEXs in DeFi with a strong track record of security and reliability. As such, it offers a number of advantages for liquidity providers, and projects can also benefit from creating a liquidity pool on our DEX.

For Users:

High APYs and passive income: IceCreamSwap offers competitive APYs in multiples of 100 on our liquidity farms. Users earn reward in form of ICE + trading fees
Low fees: IceCreamSwap has low fees, making it more affordable to farm liquidity on its platform.
User-friendly interface: IceCreamSwap has a user-friendly interface that makes it easy to start farming liquidity.
Security: Our liquidity farming is secured by smart contracts, which have been verified and certified by CertiK, a leading blockchain security firm.
No time-lock: Our juicy farm has no lock period, hence users and harvest their farm reward anytime without delays.

For Projects:

Increased liquidity: IceCreamSwap’s liquidity pools helps to increase the liquidity of a project’s token, which can make it more attractive to traders and investors.
Reduced price volatility: Our liquidity pools helps to reduce the price volatility of a project’s token by providing a more stable market for traders.
Increased exposure: Our liquidity pools can help to increase the exposure of a project’s token to a wider range of traders and investors.
Potential for revenue for projects community: Community members of the project that created a liquidity pool on our Dex can earn rewards. this can serve as a source of revenue for the users.

Note: In addition to these benefits, liquidity pools can also help to improve the overall user experience of a project. For example, liquidity pools can make it easier for users to buy and sell a project’s token, and they can also help to reduce the slippage that users experience when trading.

How to Get Started with Liquidity Farming on IceCreamSwap

To get started with liquidity farming on IceCreamSwap, follow these simple steps:

Step 1 (LP-Token Creation):

Go to IceCreamSwap: http://icecreamswap.com and connect your wallet (MetaMask is preferred). Select Shimmer EVM from the network dropdown menu. Click Trade and then Liquidity. Click Add Liquidity. Select the pair you want to add liquidity to (currently SMR/USDT or ICE/USDT). Enter the amount of each token you want to provide and click Add Liquidity.

Note: You will need to have an equivalent amount of both tokens in your wallet. For example, if you are adding liquidity to the ICE/USDT pair, you will need to have 10 USDT worth of ICE tokens and 10 USDT in your wallet.

Step 2

Navigate to Earn and select Liquidity farm, select the pair you created LP tokens for. Enable the contract and approve the pop-up transaction notification on your wallet.

Step 3

Click on “Stake LP” and input the amount of LP-token you you want to supply, then click on confirm and approve the transaction pop-up on your wallet.

Congratulation your passive income is active!

Note: Projects that want to create their liquidity farm on our Dex, should contact our responsive support team at https://t.me/Icecreamswap_com for prompt assistance.

Conclusion:

IceCreamSwap’s liquidity farms offer a great way to earn high APYs on your crypto assets. With our low fees and user-friendly interface, it is easy to get started with liquidity farming on Shimmer EVM. Let your crypto assets generate passive income for you.

Disclaimer: This article is for educational purposes, hence NOT a financial advice.

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