The $HMSTR token by Hamster Kombat is now available for Liquidity provision and farming.
Key Insights
Hamster Kombat is a popular play-to-earn game with over 300 million. $HMSTR token of the Hamster Kombat mini app game has launched with a similar community support.Previously, to earn HMSTR tokens, users had to tap a digital hamster. However, since the token is live on Ston.fi for trading, there’s no need for tapping to earn.Beyond trading, $HMSTR tokens are also available for liquidity provision and farming. The best part is that these HMSTR farms are fully incentivized with more than $10,000.
Introducing HMSTR Farming on Ston.fi
Since its token went live on Sept. 26th, a handful of TON-based projects like Ston.fi have thrown their support to Hamster and its numerous community members.
Ston.fi supports the HMSTR community with an incentivised liquidity provision and Farming event, however participation isn’t limited to Hamster community members. Regular users like you and I can join too.
Thanks to the Ston.fi team for an official hindsight (a guide) showing the requirement for this event. As an excerpt from the guide, this article has additional information you need to make a decent fortune from this event.
HMSTR token (HAMSTER): how to buy, sell, farm, trade
Farming Event Details
There are 2 farm pairs — HMSTR/TON and HMSTR/USDt
Why participate in HMSTR farms?
At the time of this writing, there are 25 active farms on the STON’s pool page. So what makes HMSTR farms stand out from the rest?
First, the rewards of the event stand at $10,000. Currently, 2 pools are available in this event — HMSTR/TON and HMSTR/USDt for each pool has a reward of $7,400 and $3,700 respectively. If not for any other thing, this incentive is enough to grab your attention!Second, the Liquidity pool tokens of both pairs is not locked in a smart contract, i.e. you can withdraw your liquidity at any time.Third, both pairs are new pools, thus have a ‘V2’ tag and operate as ‘optimized liquidity pool’, allowing users to set custom weights for different assets in a pool, giving more control over risk and exposure. More details on the optimized Liquidity pool are here.
4 simple steps to participate in these HMSTR Farms
Step 1: Acquire $HMSTR by swapStep 2: Liquidity Provision into Event pair — HMSTR/TON or HMSTR/USDt.Step 3: Farming on LP tokensStep 4: Claiming your share of the reward pool.
Prerequisite
A TON-compatible wallet like TonKeeper for mobile or its chrome extension.$TON for gas fees.
Step 1: Acquire $HMSTR tokens
Open the Ston.Fi App and go to swap, just like in the image below, select USDT or another asset of your choice in the ‘you send’ option, and select HMSTR at ‘you receive’.
Input the quantity of tokens you want, swap immediately or from the drop-down menu review the transaction, and confirm by clicking on ‘swap’ button.
Acquiring HMSTR tokens
In your wallet, you’d be asked to confirm the action, input your password and confirm.
Congratulations, you have successfully gotten HMSTR token.
Step 2: Liquidity Provision into Event pair
For this guide, we’ll be using TON/HMSTR.
At the pools tab and easily locate TON/HMSTR by using the search box at the far right. When it shows, click on this pool. As it involves using money to participate, spend time to review the TVL, 24hr Volume, and APR before you proceed to adding your liquidity to the pool.
Unsure about how these metrics affect your farming, here is a simple explanation.
Liquidity provision into TON/HMSTR
At the right side of the image, click on ‘Add Liquidity’ where the black arrow directs.
Input the amount of the first tokens you are willing to supply to the pool. The algorithm will automatically calculate the amount for the other. That way, an equal value of both pair of tokens is in the Liquidity pool.
Confirm liquidity provision
Click ‘Provide Liquidity’. Confirm the transaction in your chrome extension wallet, input your password and confirm.
Done! Your liquidity is provided.
The benefits of these easy actions are —
immediately receiving a share of fees from each transaction in this pair.no longer tapping your screens as your liquidity provision gives you the leverage of earning passively whilst diversifying your portfolio.
Step 3 — Farming on LP tokens
Go to the ‘Pools’ tab and toggle on the Farming switch to show all available farms. Select TON/HMSTRGo ahead, select the ‘Farm’ option and preview the transaction details. Keep between 0.5–1TON as gas fee.Confirm the transaction in your wallet, and Congratulations, your transaction is successful !
Ensure you check in the assets in this farm regularly. Every time you do this, you should something like this.
Farming
Step 4 — Claiming your share of the reward pool.
When this event ends on October 29th, Visit the STON.fi app.Navigate to the active pools, just like we did above. Here, your position in the farm and the amount of earned rewards are displayed. Proceed and click ‘claim rewards’ button, enter MAX to claim all the rewards.
In conclusion
$HMSTR farming event is another exciting opportunity offered by Ston.fi with a reward pool of >$10,000 . This ultimate guide has all you need to make a decent fortune from this event.
Remember, the higher your farm value, the larger share of rewards you’ll receive.
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How to participate and Earn from $HMSTR Farm On STON.fi was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.