Provide Liquidity (PCS) + Vaults with SafePal
Guide to buy $SFP on AutoSwap, add WBNB-SFP on PancakeSwap & LP tokens inside Autofarm Vaults
Last updated
Guide to buy $SFP on AutoSwap, add WBNB-SFP on PancakeSwap & LP tokens inside Autofarm Vaults
Last updated
1) First up, click inside the 3rd tab within the SafePal mobile application and then the Autofarm DApp (Decentralised Application). After reaching autofarm, click on "Swap" on the bottom of the page and you will be taken to AutoSwap Decentralised Exchange (DEX) where you can purchase $SFP tokens.
Use $BNB to swap for $SFP tokens because that will result in the lowest slippage.
2) Unlock your wallet on the top of the page, click on the list of tokens and type in "sfp" to search for the $SFP token.
3) If it's your first time interacting with AutoSwap, you will need to approve spending of BNB, afterwards, you can swap accordingly.
Adjust the slippage tolerance to 0.1% or 0.5% to get better swap rates & avoid being front-runned by bots.
4) After swapping, head over to PancakeSwap DApp - Liquidity tab, connect your wallet and click the "Add Liquidity" button.
5) Key in the number of tokens you would like to supply as liquidity (you can simply click on the "max" button) and click on the "Supply" button.
6) You'll receive a breakdown of the LP tokens that you are supplying along with the relevant information. Click on "Confirm Supply" once you're ready.
7) Head back out to the list of DApps on the SafePal Wallet and click on the Autofarm DApp.
8) Scroll through the list of vaults to find the WBNB-SFP Vault. You should see your corresponding amount of Cake-LP tokens in the balance section. Click on the vault (down arrow) to interact with the vault.
9) Select the number of LP tokens you would like to deposit & click on the "Deposit" button. (If it's your first time interacting with that particular vault, you will need to approve the spending of your LP tokens)
10) After depositing successfully, you should see your WBNB-SFP LP tokens reflected under the Deposit section alongside details such as the USD value and the % relative to the total value locked in the vault.
11) If at any point in time you wish to withdraw your WBNB-SFP LP tokens from the vault, simply key in the amount of LP, and the "Withdraw" button
In addition to the dynamically optimised auto-compounding strategy employed in Autofarm vaults, liquidity providers also earn 0.17% of liquidity fees each time someone swaps the tokens that interact with your LP pair. Click here to find out more.
