One of the essential utilities of the $SMG token is STAKING. Besides the direct $SMG Staking, we have $SMG/$BUSD liquidity staking. Where participants earn a % of all trades of $SMG/$BUSD proportionately to their share of the pool, $SMG staking rewards and energy for Samurai Rising.
To use LP staking, you need $BNB for gas and transaction fees, and besides $SMG tokens, you also require an equal share of $BUSD tokens in $BUSD value.
EXAMPLE:
If 100 $SMG = 2 $BUSD
For adding liquidity, you need both 100 $SMG and 2 $BUSD
HOW TO STAKE LP TOKENS
To start the process of adding liquidity head over to PancakeSwap using this link HERE
The first thing you need to do is connect your wallet. Click Connect Wallet and select your wallet of choice in the popup menu
Input how much $SMG you wish to add to the liquidity. The corresponding $BUSD requirement will be automatically added. Afterward, click Supply, and then in the popup menu click Confirm Swap
To finalize the exchange, you need to pay a small $BNB gas fee by clicking Confirm in the wallet popup
Once the transaction has been submitted you will receive this message which contains the LP tokens. Click on Add Cake-LP to Metamask and in the popup select Add Token
You can also directly add the contract address to your wallet directly
LP CA: 0xCdAA9Aa6429f84418C549B2Cb07Ef2B17947Fd5c
How to add tokens to your wallet you can find out HERE
Information about our LP earnings and how to claim them:
Now that you have created LP tokens, to receive the rewards you need to stake them.
Head over to https://samurailegends.io/
Go to the DASHBOARD and CONNECT your wallet
Select SMG-BUSD LP Staking
In the Stake SMG-BUSD LP tokens tab enter the amount you wish to stake or just chose MAX and press Approve
To complete the approval process you need to pay a small $BNB gas fee
Once the transaction has passed, you will receive a confirmation that your tokens have been approved for stake
Now that usage of tokens has been approved, the next step is to click Stake
This will prompt a popup for another $BNB gas fee and to finalize it press Confirm
Once the transaction has passed, you will receive a confirmation that your tokens have been staked
CLAIM REWARDS
$SMG rewards for LP Staking are manually claimed without an unlocking period in the SamuraiLegends Dashboard. The process is prompted by pressing Claim
To complete the claiming process you are prompted to pay a small $BNB gas fee by clicking Confirm in the wallet popup
Once the transaction has passed, you will receive a confirmation that earnings have been successfully claimed
UNSTAKING
To unlock the LP tokens, input the chosen amount and press Unstake
Confirm in the wallet popup and pay a $BNB gas fee to finalize it
Once the transaction has passed, you will receive a notification that tokens have been unstaked
You can view the pending unlock under the Pending Unstakes
If you wish to cancel the unstaking process, simply press Cancel and Confirm the wallet prompt gas fee and it will immediately be staked back
Once the transaction has passed, you will receive a confirmation stating that the Pending reward has been canceled
Once the unlock period has passed (48 hours), you can claim your LP tokens, by clicking Claim
It will require a confirmation from your wallet with a $BNB gas fee