The LP Rewards is not talked about enough …
It is by far the easiest way to get your hands on a bag of LOAN token.
Read this guide to learn exactly how to participate, and be one step ahead of the curve in the PulseChain ecosystem.
Note: This guide is for PulseChain Testnet v4 ONLY. Once Liquid Loans exists on PulseChain Mainnet, the guide will be updated.
You can buy both USDL and PLS on any decentralized exchange on PulseChain if you don’t have it already.
Click this link for a more comprehensive guide on how to buy PLS.
Visit PulseX using this link: https://app.v4.testnet.pulsex.com/swap
Connect wallet to PulseX v2 (you can toggle between v1 and v2 in the top right part of the browser).
NOTE: Make sure you provide liquidity on V2! LP Tokens from v1 will not be recognized for LP Rewards.
Toggle from “Exchange” to “Liquidity”.
Click “Add Liquidity”
Choose the amount that you want to deposit into liquidity (must be equal on both sides).
Enable spending of USDL on PulseX and approve the transaction in your wallet.
Click “Supply” and confirm the transaction in your wallet.
Congratulations, you have just supplied liquidity and obtain your LP tokens.
Visit the LP Rewards page with this link: https://testnet.liquidloans.io/#/liquidity-pool
Choose the amount of PLP you would like to deposit and approve the token spending in your wallet.
Deposit PLP into the “Stake PLP” board and click “Confirm”.
Confirm the transaction in your wallet.
Congratulations, you have staked your PLP and are currently earning LOAN token.
You can monitor your accrual of LOAN Token on the right side of the page.
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Disclaimer:Please note that nothing on this website constitutes financial advice. Whilst every effort has been made to ensure that the information provided on this website is accurate, individuals must not rely on this information to make a financial or investment decision. Before making any decision, we strongly recommend you consult a qualified professional who should take into account your specific investment objectives, financial situation and individual needs.
Connor is a US-based digital marketer and writer. He has a diverse military and academic background, but developed a passion over the years for blockchain and DeFi because of their potential to provide censorship resistance and financial freedom. Connor is dedicated to educating and inspiring others in the space, and is an active member and investor in the Ethereum, Hex, and PulseChain communities.