【 S.Finance 】 KUN Liquidity Mining 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 relevant trading pairs to obtain the governance token KUN .
This article will take S.Finance (ETH chain) platform as an example to illustrate the liquidity mining steps of KUN in detail.
Start time: 24 November 2020 at 12:30 P.M. (GMT)
Mining cycle: 30 days
Total Mining Reward: 100,000 KUN
Mining rules: Liquidity Mining.
Users who deposit DAI/USDC/USDT/TUSD/PAX into S.Finance's QIAN liquidity pool can get qusd5 LP token( S.Finance's Liquidity pool token). Then lock qusd5 LP token in QIAN liquidity pool, and users can get KUN as a reward according to the proportion of locked qusd5 LP token. Meanwhile, the users also can get SFG ( S.Finance's Governance token) as a reward.
To sum up, LP M ining on S.Finance is divided into three main steps:
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Deposit DAI/USDC/USDT/TUSD/PAX into the 5POOL of S.Finance to obtain usd5 LP Token.
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Deposit usd5 LP token with QUSD into QIAN's liquidity pool to obtain qusd5 LP token.
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Lock the qusd5 LP token into QIAN's liquidity pool to obtain the rewarded KUN and SFG token.
Note: SFG is the governance token issued by S.Finance, with a total circulation of 21 million. 100% No private placement or pre-mining.
I . Get usd5 LP 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 【S.finance Liquidity Pool（Ethereum)】, and click 【Go to S.finance】
The website will automatically jump to S.Finace. Click [MetaMask] to connect the wallet.
Note: If you use a different wallet, be sure to use the same wallet address.
.Click the 【Liquidity】and select 【5pool】as shown below.
Select【Deposit】page，and input which stable coins you want to deposit, and the users will see the expected usd5 LP token on the right. Then click【Deposit】to confirm.
Note: If the Gas Fee is obviously too high (more than 100USD etc), please click [Reject] and then click [Deposit] again. When the Gas Fee returns to normal, then click Confirm.
II. Get qusd5 LP token
Click the 【Liquidity】and select 【qian】as shown below.
Select【Deposit】page，and deposit the usd5 LP token and QUSD, and the users will see the expected qusd5 LP token on the right. Then click【Deposit】to confirm.
Note: Please check the 【Deposit wrapped】as shown below.
III. Deposit qusd5 LP Token
Select 【DAO】at the top right of the page, and select【Deposit】of 【qian liquidity gauge】. Deposit the qusd5 LP Token and click 【Deposit】to confirm at the bottom.
Note: If the Gas Fee is obviously too high (more than 100USD etc), please click [Reject] and then click [Deposit] again. When the Gas Fee returns to normal, then click Confirm.
Select the 【Minted】page and users can see the reward of KUN and SFG.
IV. Withdraw the asset
If the user stops liquidity mining, the following three steps are required:
Note: It is recommended to withdraw all incentive tokens before stopping mining.
Select the【Withdraw】page of【DAO】plate ,and withdraw the qusd5 LP token.
Select the【Withdraw】page of 【QIAN liquidity pool】 of 【liquidity】plate， and withdraw the deposited usd5 LP token 和QUSD.
Note: Note: Please check the 【Deposit wrapped】as shown below.
Select the【Withdraw】page of 【5pool】 of 【liquidity】plate，and withdraw your assets.