How To Partcipate in the LP Rewards Program to Earn LOAN Token (Easy Money)
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.
Step #1: Obtain USDL and PLS
You will need equal values of both USDL and PLS to provide liquidity on PulseX.
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.
Step #2: Provide LP for the USDL:PLS Pair on PulseX v2
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.
Step #3: Take your LP tokens to the Liquid Loans Rewards Page
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.
