LP staking mining

I. About LP staking miningAbout LP staking mining

The user can start participating by providing liquidity on the currency pair in the corresponding DEX. The DEX will issue LP tokens, which the user can then deposit on CoinWind to generate a single currency revenue. The generated single currency revenue will be reinvested every 5-10 minutes to maximize the returns for our users.

Advantages

Saves users’ time and effort by autonomous reinvestment strategies that reduce the number of user operations.
More savings for users, as the platform absorbs miner fees from reinvestments.
Income is collected and compounded automatically to maximize profits.
Reduced risk of impermanent loss from single currency income

II. The wallet H5 mining

This tutorial is based on the Tokenpocket wallet on the HECO public chain. (The steps are the same for BSC & ETH chain)

2.1 Open CoinWind link

Search CoinWind in the discovery page, or directly access it in your browser at www.coinwind.pro

2.2 Add liquidity

Go to DEX to add liquidity: select the LP staking mining project you want to participate in and go to the corresponding DEX to add liquidity.

Take MDX-USDT project of MDEX platform as an example. Click "Add Liquidity"

Enter the corresponding MDX and USDT quantity, and click the "Supply" button.

Click "Confirm Supply" to confirm again.

Enter the transaction fee and click "Confirm".

Complete adding liquidity.

2.3 Mining

2.3.1 Wallet Authorization

To participate in a new project you need to authorize your wallet first.

Click the "Authorization" button to confirm, and deposit after successful authorization.

2.3.2 Deposit

Enter the quantity and click “Deposit”. Pay the transaction fee to complete the process.

Submit after confirming the miner fee

Successful recharge

2.3.3 Withdraw

Click “Withdraw” on your project of choice.

Withdraw your earnings or principal

We ensure to maximize our user’s earnings in LP staking mining. Do note that depositing/withdrawing part of the principal will not trigger any transfer of your earnings. In order to withdraw your earnings, you either have to do it manually or withdraw all your principal.

Confirm Transaction Fee

Gas Price: Will be generally 1 for HECO and a minimum of 5 for BSC. Do note that the price will be higher when the network is congested.

Gas Limit: Ensure that the chosen default value is substantially high to ensure that the transaction will be successful.

Withdraw Successfully

2.4 Remove Liquidity

If the user no longer wants to participate in the LP mining, the liquidity can be removed from the corresponding DEX, as follows:

Open the DEX webpage or directly click "Add Liquidity" for the corresponding project

Enter the page and switch to "Your Liquidity" to view your personal liquidity funds, click "Remove" and then confirm.

If the liquidity is not shown, you can manually import it.

III. LP Mining Process - WEB

This tutorial uses the HECO public chain as an example. The same applies to the BSC public chain.

3.1 Add Liquidity

Go to a DEX to add liquidity: select the LP pledge mining project you want to participate in, and add liquidity to the corresponding DEX;
Take the MDX-USDT project on the MDEX platform as an example, go to Pool and click to Add Liquidity
Enter the corresponding amount of MDX and USDT, click the Supply button

Click the "Confirm Supply" button to confirm again.

Enter the miner fee and click confirm.

Enter the miner fee and click confirm.

Successfully add liquidity

3.2 Participate in mining

3.2.1 Connect wallet

If the wallet is not connected, please refer to the wallet tutorial on creating a wallet

3.2.2 Wallet authorization

• Authorization is needed before participating in a new project. Click on the authorization button to confirm. You can proceed to deposit once authorization is successful.

3.2.3 Deposit

• Enter the quantity and click deposit

Submit after confirming the miner fee

Withdraw profit or stakings

3.2.4 Withdraw

Select the project, click on Withdraw

Withdraw profit or stakings

In LP mining, in order to ensure that users can maximize their income, deposit and withdrawal will not trigger income transfer, and manual withdrawal is required.

Confirm miner fees

Gas Price：HECO is generally 1 and the minimum BSC is 5; if the network is congested, you need to give more；

Gas Limit：Just press the default value; this value is to ensure that the transaction can be successfully given relatively high, and ultimately subject to the actual consumption on the chain。