🔛Getting LP-Tokens

Users can experiment with the staking functionality on the testnet. We’ve outlined two examples with our staking pools below:

#1 Example Staking with the Zap-In feature

To provide Liq you need PEG tokens (mintable on our testnet faucet). The pool is set up at: PancakeSwap’s testnet.

#1 Example Zap-In

1. Go on test.magicyearn.io and click on "dApps"

2. Click on Staking

3. Here you can see your current balance. If your balance is 0, please go to testnet faucet and mint BUSD.

4. Fill in your amounts. To keep it simple its here 2x BUSD.

   1. First for the BUSD part of the BUSD:myBUSD LP

   2. Second for the myBUSD which get minted by the zap-in.

5. Slippage is the Ratio-Tolerance. (For Testnet type in 100)

   1. In this case in the mainnet will BUSD:myBUSD near a 1:1 ratio.

   2. Because it is the testnet there are no arbitrage happen right now which means the ratio can be very different.

   3. In main- and testnet you will get the delta back.

      1. If the ratio is 100:80 and you type in 100 and 100 at 4. you will get back 20 BUSD.

      2. The Slippage would be in this example 20.

6. Hit the button "Get LP"

The LP Fee get burned. It depends on your Fee Reduction (check here)

#2 Getting LPs from Pancakeswap

1. Go to PancakeSwap’s swapping interface and select “BNB” under the “From” section

2. Paste in the PEG (BUSD) smart contract address (0x3DfB08C26A2dBC27aB902dA525F162B03ca40fE3)

3. Click “Add” to allow the PEG (BUSD) token to appear

4. Rinse and repeat the process with the myPEG smart contract address (0x9E2E1141Ca0032db0c1e432226C4537bb2A4Bac2)

Swap MyS for MyEx & Stake

1. Approve the swap feature for these assets before initiating your first transaction

2. Once approved, click “Swap” and follow the prompts in your wallet to complete the transaction

1. Click on "Trade" and "Liqudity"

   
2. Click on "Find other LP tokens"

1. Find myBUSD and BUSD like in #2 Getting LPs from Pancakeswap 1.

2. Click on "+ Add Liquidity"

3. Provide Liqudity

   1. Enter PEG Amount

   2. myBUSD should be calculated automaticly

   3. Set slippage to min. 2%

   4. Enable/Approve the Pancake Router

   5. Provide Liqudity
4. You should receive your LP tokens.