【 Balancer 】 KUN Liquidity Mning Guide
As a pure community project, QIAN system will be governed by a global community (DAO) composed of KUN Governors.
The total supply of governance token KUN is 12 million. There are no pre-mining, no private placement or no team distribution, and100% KUN will be distributed through mining.
At present, the Minting Mining of QUSD and Liquidity Mining of KUN have been carried out.
The Minting Mining of QUSD refers to the process in which users mint QUSD to obtain the governance token KUN as a reward.
At present, if the FOR token is used for Minting Mining , the annual income will be more than 180% .
The liquidity mining of KUN refers to the process in which users provide liquidity for KUN / QUSD pairs to obtain the governance token KUN .
This article will take Balancer (ETH chain) platform as an example to illustrate the liquidity mining steps of KUN in detail.
Start time: 24 October 2020 at 12:30 P.M. (GMT)
Mining cycle: 4 weeks
Release speed: see [KUN Token Liquidity Incentive Distribution Chart]
Mining rules: Liquidity Mining.Users who deposit QUSD into Balancer's Kun/QUSD liquidity pool can get BPT ( Balancer's Liquidity pool token) and earn transaction fees at the same time. Then lock BPT on QIAN platform, and users can get KUN as a reward according to the proportion of locked BPT.
Reward Withdrawal : The KUN for the Mining Reward will be opened for withdrawal 24 hours after the commencement of LP mining (i.e. After 25 October 2020 at 12:30 P.M. (GMT)).
[KUN Token Liquidity Incentive Distribution Chart]
In general, KUN's LP mining at Balancer is divided into two main steps:
Deposit QUSD into Balancer's Kun/QUSD liquidity pool to obtain BPT.
Lock the BPT in the QIAN platform and get the KUN as a reward.
Get BPT token
It is recommended to download Google Chrome and install MetaMask extension application.
Note: Please make sure that you have a secure network environment, safely keep your MetaMask mnemonic phrase and password. Losing the mnemonic phrase will result in a complete loss of assets.
Open Google Chrome, go to the official website https://qian.finance , and click【KUN Mining】to enter the mining page.
Enter the mining interface (see below), find the [Yield Farming（Ethereum], and click [Go to Balancer].
The website will automatically jump to the QUSD/KUN liquidity pool. Click [Connect Wallet].
Note: If you use a different wallet, be sure to use the same wallet address.
Click [Add liquidity] on the upper right to prepare to deposit liquidity.
Continue to click [Setup proxy], and click [Next] to enter the liquidity adding page.
Select the【Single asset】page， and click the 【Unlock】button. Input the QUSD amount you want to deposit , and you will see the BPT amount you will get.
PS: The reward will be higher if you deposit more QUSD and BPT tokens
Check the box shown below, and click 【Add liquidity】.
At this time, users can see their BPT number and proportion at the bottom of the page.
Lock BPT token
[BPT] is the liquidity certificate of assets deposited by users. Return to [Yield Farming（Ethereum] and click [Start].
Enter the Details page. Users can view their BPT balance.
Click [Lock BPT], input the number of BPT to be locked, and click [Confirm] to lock the obtained BPT into the platform. At this time, users can get KUN token rewards according to the proportion of locked BPT.
User can stop mining by clicking [Unbond BPT], and the locked BPT will return to the wallet balance. Return to Balancer and click [Remove liquidity] as shown below , then the deposited assets can be withdrew to the wallet.