ICECREAMSWAP’S INCENTIVIZED LIQUIDITY FARMING ON SCROLL CHAIN: Earn passively!!!
Wondering on how to earn passive income on on Scroll chain? We are excited to announce that our incentivized liquidity farm has been fully deployed on Scroll chain. Our liquidity farming APYs are multiples of 100% on $ETH/USDT and ICE/USDT pairs.
Incentivized liquidity farming has been one of our core signature feature on all the chains supported by IceCreamSwap. It allows users to provide liquidity to various liquidity pools on our Dex and earn massive 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 Scroll chain.
Steps to supply liquidity on Scroll chain:
1. Go to IceCreamSwap.com, Connect wallet (MetaMask preferably).
2. Navigate to the “Farms” page. This will show the list of all the liquidity pools available on IceCreamSwap for Scroll chain.
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 ($100 worth of ICE and $100 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. 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.
NB: Provision of liquidity on our Dex, helps in the growth and expansion of the Scroll chain ecosystem.
Newly launched projects on Scroll chain can add their token’s pool to the IceCreamSwap farm, contact any of the moderators on the IceCreamSwap Telegram group or the IceCreamSwap CEO/Founder on Telegram.
Benefits of the IceCreamSwap Liquidity Farm:
- Passive Income Generation: Individuals offering liquidity to the IceCreamSwap farm have the opportunity to receive appealing incentives in the shape of $ICE tokens. These incentives are allocated based on the quantity of liquidity contributed and trading fees generated during trades.
- Supporting Scroll Chain Growth: Through supplying liquidity to the farm, individuals actively contribute to the advancement and evolution of the Scroll chain ecosystem. This heightened liquidity drives ongoing innovation and growth, ultimately favoring all participants interconnected within the network.
- Enhanced Market Liquidity: The IceCreamSwap farm is pivotal in augmenting liquidity across the Scroll chain markets. Consequently, this aids in enabling seamless trade execution and diminishing price fluctuations, crafting a more advantageous trading encounter for all users involved.
- Secure and Reliable Platform: IceCreamSwap stands as a reliable and esteemed decentralized exchange (DEX) its deployment on the Scroll chain, helps in guaranteeing a secure and dependable platform for users engaging in Defi trading.
In summary, by leveraging the power of the IceCreamSwap liquidity farm, the Scroll chain is poised to emerge as a leading player within the DeFi landscape. With its focus on user-centricity, innovation, and scalability, the Scroll chain is well-positioned to drive the future of decentralized finance.
Useful links:
Website: https://IceCreamSwap.com/
Telegram: https://t.me/IceCreamSwap_com
Twitter: https://twitter.com/icecream_swap
official medium: https://icecream-swap.medium.com/
IceCreamSwap wiki : wiki.icecreamswap.com/
Scroll chain website: https://scroll.io/
Scroll liquidity pool: https://icecreamswap.com/farms?chainId=534352