Bagels Geyser is Coming!
Dear Bagelers，
app.bagels.finance will officially launch the BAGEL/BUSD Geyser yield farming on PancakeSwap on @3AM October26(UTC-4).
Bagels geyser are smart faucets that incentive on-chain liquidity. Liquidity provider receive BAGEL for providing liquidity on automated market making platforms (AMMs) like Pancakeswap. The more liquidity you provide, and for longer, the greater share of the BAGEL pool you receive.
Total Liquidity Rewards: 336,000 BAGEL
Daily Output: 4,800 BAGEL
Farming Duration: 70 days
To check the details, please click here:
BAGEL Rewards Rules:
When you start providing liquidity, the reward multiplier is 1.0. The farming reward rate increases linearly as the staking time increases, reaching up to 3x after 60 days
- 1.0x: Stake liquidity tokens for 1 days to achieve a 1.0x reward multiplier.
- 1.2x: Stake liquidity tokens for 7days to achieve a 1.2x reward multiplier.
- 1.5x: Stake liquidity tokens for 15days to achieve a 1.5x reward multiplier.
- 2.0x: Stake liquidity tokens for 30 days to achieve a 2.0x reward multiplier.
- 3.0x: Stake liquidity tokens for 60 days to achieve a 3.0x reward multiplier.
Notes:
1. Liquidity provider redeem LP token anytime and liquidity farm boosted multiplier will start from day 0 again.Liquidity providers can also choose to redeem part of LP tokens by adding liquidity page in Pancakeswap. Although the user still has the remaining LP in yield farming, the farming rate will also be recalculated from day 0.
2.Although the liquidity is added for the 2nd or 3rd time, it increases in the value of the 1st liquidity position. The BAGEL liquidity rewards for the 2nd or 3rd time are also accumulated in the 1st position, so only one position is displayed. The start time can only display the time when the liquidity is added for the 1st time, but the time when the liquidity is added for the 2nd or 3rd time cannot be displayed on the dashboard. The start time of the liquidity farm boosted multiplier that adds liquidity for the 2nd or 3rd time. However, the reward multiplier of calculation is started according to the current time of adding liquidity, and the liquidity provider should check the start time of the 2nd or 3rd time on bscscan.com to calculate the achievable reward multiplier.
3.Liquidity providers also earn a 0.17% trading fee on the trades of BAGEL/BUSD , proportional to their share of the liquidity pool.
4. The farmed BAGEL does not support claiming rewards separately. It must be redeemed at the same time as the staked LP position. LP tokens and farmed BAGEL rewards will be automatically transferred to your wallet; Bagels Geyser does not support to default the LP you provided into two assets, BAGEL and BUSD. Users must go to pancake swap to default it. https://pancakeswap.finance/liquidity to unstake LP.
5. The liquidity provider can provide BUSD single-asset staking to farm BAGEL, but 50% of the value of BUSD provided will automatically be used to buy BAGEL and combine it into LP, which will incur 0.25% transaction commission fee from Pancakeswap.
Quick Guide:
Add BAGEL/BUSD liquidity LP:
-Log in to https://app.bagels.finance/, link to your wallet (MetaMask);
-Go to [Farm]-[Geyser] page;
-Click [Stake], select the number of BAGEL and BUSD, the system will automatically form BAGEL/BUSD LP tokens. The first step is to click [Add Liquidity] to add liquidity, and the second step is to click [Stake LP] to stake LP into the Geyser farming pool.
-After the transaction is completed, you can view the liquidity position information in the [Geyser] of the Dashboard.
Redeem BAGEL/BUSD liquidity LP:
-Log in to https://app.bagels.finance/, link to your wallet (MetaMask);
-Go to [Dashboard] page or [Geyser] in the [Farm] page;
-Click [Unstake] to redeem LP and claim BAGEL farming rewards;
-The first step is to redeem LP token, and the second step is to go to https://pancakeswap.finance/liquidity to unstake LP
-Go back to your wallet to check the amount of BAGEL and BUSD received
