ROBINIASWAP IS HERE! Stake and Farm on RobiniaSwap.

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I’ve featured RobiniaSwap on two of my previous articles and if you’re still wondering, I’m a bit pumped for this one. Having been in touch with the developers, RobiniaSwap looks like another project to enjoy. Built on Binance Smart Chain, the green and white themed decentralized exchanged just released its official website featuring decentralized swaps and liquidity provision facilities. And yeah, a whole lot of incentives for adopters.

Well versed in development of DeFi protocols, the RobiniaSwap team are building an efficient and user-oriented decentralized exchange on top of binance’s cross-chain platform and leveraging some features of pancakeSwap to provide efficient services to its users. Long story cut short; Liquidity provision, decentralized asset Swap, staking and Liquidity mining programs are now live on the platform!

For new users who might be using DeFi services for the first time, I’ll be taking you through the steps the to use basic services on the platform. In my previous articles I covered How to use Binance smart chain on MetaMask and How to Use Binance Smart Chain DApps on Metamask and other wallets.. Do well to refer to them for clarifications regarding any of these procedures. This article will concentrate on asset bridging and staking of assets and liquidity pool tokens.

RobiniaSwap’s staking pool accepts a wide variety of assets including BNB, Polkadot, BUSD, ETH, USDT, steem and steem smart contract tokens, Blurt and a number of other crypto assets. Blurt and steem holders will have to bridge their tokens over to Binance smart chain to be able to stake them on the pool.

Bridging over to Binance Smart Chain

This is mainly for users who wish to bridge their steem, blurt and assets over to Binance smart chain or the other way round. For steem and blurt holders, this operation requires connection to your steem or blurt account through KeyChain extension. A desktop device and a chrome wallet are therefore preferable.

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From the dropdown menu at the left hand side of the platform, click ‘Bridge’ or simply visit RobiniaSwap bridge from your desktop to access RobiniaSwap’s bridging facility. To bridge other assets from other blockchains (ethereum, polkadot…) to Binance Smart Chain, visit Binance Bridge

Connect your wallet, Select the direction of your bridging and input the amount of assets you wish to bridge. Enter your wallet address for the chain you wish to receive the bridged asset. Click ‘SWAP’ to complete the process.

Now you have successfully bridged your asset, they will be available on your Binance Smart Chain wallet. Follow the same procedure to bridge back to steem blockchain and vice versa.

Done? Now let’s go stake!

Bridging is not required for other assets (such as BNB and BUSD) which are already on Binance Smart Chain.

How to stake assets on RobiniaSwap

Due to known popularity, I will be switching from desktop to Mobile (TrustWallet) for this Part. A little BNB will be needed for transaction fees, do well do keep a little in your wallet.

Connect your wallet, click ‘Pool’ from the dropdown menu at the left corner of the platform and locate the asset you wish to stake, click “Approve contract” to enable your asset for use on RobiniaSwap. Follow the prompt to approve the transaction. Once confirmed, your asset will be ready for staking.

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On approval, the ‘Stake’ button replaces the ‘Approve Contract’ button. Click the Stake button and enter the number of tokens you wish to stake on the input box that appears. Click “Confirm” and follow the prompt to confirm the transaction.

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Now your tokens are staked. When mining starts, you can claim your mined RobiniaSwap token (RBS) at any time by clicking the “Harvest” button and following the prompt.

How to stake liquidity pool tokens on RobiniaSwap

Click ‘Farm’ from the dropdown menu to view pairs available for liquidity mining. Follow the tutorial on the second article shared above to provide liquidity for desired pair. After successfully proving liquidity, you will receive liquidity pool tokens in your wallet.

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Go stake them!

Click ‘Farm’ from the dropdown menu at the left corner of the platform and locate the pair you have provided liquidity for. Click “Approve contract” to enable your liquidity pool token for use on RobiniaSwap. Follow the prompt to approve the transaction. Once confirmed, your liquidity pool token will be ready for staking.

On approval, the ‘Stake’ button replaces the ‘Approve Contract’ button. Click the Stake button and enter the number of liquidity pool tokens you wish to stake on the input box that appears. Click “Confirm” and follow the prompt to confirm the transaction.

Now your tokens are staked. When mining starts, you can claim your mined RobiniaSwap token (RBS) at any time by clicking the “Harvest” button and following the prompt.

Follow up with Robiniaswap

Official WEBSITE

RobiniaSwap Official Documentation

Discord Channel

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