đĨŠHow To Use Wolfi Meat
Wolfi Meat product is a great way to earn WSPP / GWSPP rewards on Wolfible Platform.
Unlike Wolfi Pools, Wolfi Meat require you to stake two tokens to get LP Tokens, which you then stake in the Wolfi Meat Page to earn rewards. This lets you earn WSPP / GWSPP while still keeping a position in your other tokens!
Wolfi Meat can give better rewards than Wolfi Pools, but it comes with a risk of Impermanent Loss. Itâs not as scary as it sounds, but it is worth learning about the concept before you get started.
Check out this great article about Impermanent Loss from Binance Academy to learn more.
Getting prepared
Wolfi Meat takes a little work to get set up.
Youâre going to need some "LP Tokens" to enter into a Wolfi Meat with. Meats can only accept their own exact LP Token; for example, the WSPP-BNB Farm will only accept WSPP-BNB LP Tokens.
To get the exact LP Token, you'll need to provide liquidity for that trading pair. So to get WSPP-BNB LP Tokens, you'll first have to provide liquidity for the WSPP-BNB pair.
It may sound intimidating, but it's not too complicated. Let's go through step by step.
Finding your Meat to eat
Before you proceed, you'll want to choose a Meat that's right for you. Visit the "Wolfi Meat" page and youâll see a list of available Meat to Eats.
WSPP-BNB and GWSPP-BNB are pinned to the top of the list with the default Hot sorting. After the pinned Meats, Hot will show other Meats in order of how new they are.
You can choose another sorting option if you like, such as by APY for the Meats with the highest reward rate currently.
When you find a Meat that you'd like to use, note down the trading pair, e.g. BNB-WSPP in case you need it later.
Providing liquidity to get LP Tokens
Now that you've found a Meat to stake in, you will need to add liquidity to get your LP Tokens.
Click on the row of the Meat you've chosen from the list. It will open to show more details.
On the bottom right corner, you'll see some links. Click the Get (your pair) LP link.
This will open the Add Liquidity page for your Farm's pair. We have a guide to adding liquidity you can follow to get your LP Tokens.
Putting your LP Tokens into a Meat to eat
Now that you have your LP Tokens, youâre ready to start staking them in a Farm and earning rewards!
Putting your LP Tokens into the Farm
Go back to the Wolfi Meat page and locate your Meat . Click Stake on the row showing your pair. It will expand to show more details.
2. When youâre ready, click the Stake button and confirm your action in your wallet.
3. To Unstake LP, you only need to enter how many % of the total LP you stake, then click Unstake
Collecting your Meats to eat rewards
Farming will bring you WSPP / GWSPP rewards over time. You can collect these rewards and use them to get more LP Tokens, stake them in Wolfi Pools, or anything else youâd like.
Returning to your Meat to Harvest
To collect your rewards, youâll need to visit your chosen Meat to eat and collect the WSPP/GWSPP waiting for you.
Return to the Wolfi Meat page here.
Find the Meat to eat you staked your LP Tokens in, and click the row to view details. You should see an estimate of your rewards under âWSPP / GWSPP earnedâ.
3. Click the Harvest button and confirm the action in your wallet. After a short wait, the WSPP / GWSPP will be claimed to your wallet for you to use as you like.
How often should I harvest my rewards?
How often you harvest your rewards is up to you, but it does help to remember that there is a small fee involved in harvesting.
You can see this fee in your wallet when confirming after clicking Harvest.
This shows the fee for harvesting as it appears in the MetaMask wallet. Different wallets will show the information a little differently. Consider leaving your rewards to grow for a while so you pay fees less often.
And that's all there is to it! You may also want to look at how to use Wolfi Pools| to earn rewards.
Happy Searching Meats!
How to Use Farms with BscScan
to use it in the BSC Scan section we have a reference that has been published by PancakeSwap and you can read it here " How to Use Farms with BscScan "!
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