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.
- 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
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
- 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.
- 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.
2.3.1 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
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.
This tutorial uses the HECO public chain as an example. The same applies to the BSC public chain.
- 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;
- 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
3.2.1 Connect 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。
- Withdraw Successfully
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 website or directly click the Add Liquidity of the corresponding project
- Enter the Pool page and go to Your Liquidity to view personal liquidity, and remove it after confirmation
If liquidity is not displayed, you can manually import and process
