ONUS cooperates with Run Together to open 02 MiniFarms allowing users to receive rewards paid in RUN tokens. The MiniFarms will officially start at ONUS DeFi platform.
- MiniFarm 01: Stake RUN-BUSD LP token, get RUN token
- MiniFarm 02: Stake RUN-ONUS LP token, get RUN token
- Total Token: 1,000,000 RUN
- Start time: Approx. 2PM UTC+7 on May 05th 2022 (block 17532960)
- Finish time: Approx. 2PM UTC+7 on June 04th 2022 (block 18396960)
- Distribution duration: 30 days
- Token rewards per block: 1.1574 RUN
To join MiniFarm RUN-BUSD >> RUN, users need to provide liquidity to pool RUN-BUSD by Staking RUN and BUSD for receiving token RUN-BUSD LP. After that, users need to stake RUN-BUSD LP tokens into MiniFarms to receive rewards paid in RUN Tokens.
How to join MiniFarms
The following example illustrates the steps to join MiniFarm RUN-BUSD >> RUN. Same applies to MiniFarm RUN-ONUS >> RUN.
Step 1: Provide liquidity to pool RUN-BUSD
- Access ONUS DeFi through decentralized wallets (RICE Wallet, Metamask,…)
- At the main screen, select the “Options” icon and select “Liquidity”
- Click “Add Liquidity”
- Enter amount of BUSD and RUN with equivalent value (Example: If staking 10 BUSD, you need to deposit amount of RUN with equivalent value of 10 BUSD)
Note: You need to press “Enable” to allow ONUS DeFi to interact with BUSD and RUN.
Step 2: Deposit RUN-BUSD LP tokens into MiniFarms to receive RUN Tokens with a profit rate of 15,932.64% (this rate can change according to the amount of LP tokens deposited)
- At the main ONUS DeFi screen, select the “Options” icon and select “MiniFarms”
- Select MiniFarms RUN-BUSD >> RUN. Press “Stake”.
- Drag the slider to load the desired amount. Click “Confirm” to confirm.
How to withdraw LP tokens from MiniFarm
Step 1: In the Options section, select MiniFarm
Step 2: Select the MiniFarm you want to withdraw >> Press Option >> Select Unstake
Step 3: Enter the amount you want to withdraw, press Max to withdraw the maximum >> Click Unstake
Step 4: Check transaction information. Click “Confirm” to complete. Make sure you have enough BNB to pay the gas fee
Step 5: The system announces successful withdrawal
How to remove Liquidity
Remove liquidity is when you burn LP tokens to get back 02 individual tokens that you initially staked.
Example: Previously, you staked RUN and BUSD to provide liquidity and received RUN-BUSD LP tokens. Remove liquidity is when you burn these LP tokens to get back 02 tokens RUN and BUSD.
Step 1: In the Options section, select Liquidity
Step 2: Click Option >> Select Remove to withdraw liquidity
Step 3: Drag the slider to select the amount of tokens you want to remove.
Step 4: Check transaction information. Click “Confirm” to complete. Make sure you have enough BNB to pay the transaction fee (gas fee)
Thus, you have successfully burned the amount of LP tokens and received 02 previously loaded tokens to your wallet.