TL;DR: Yield farming lets you lock up funds, providing rewards in the process. 1000Blocks Space is enabling this additional feature for the entire community. As of 8th December 21, Space Farm with BLS-BUSD LP pair is open. Earn BLS tokens as a reward.
- Yield farming is a way for people to generate passive income by providing liquidity, i.e. cryptocurrency deposits, to Defi liquidity pools or staking pools. In return for this deposit, the platform or project will pay out a type of ‘yield’ to those users participating.
In short, users lock up their money into a participating Defi app, and in exchange for this service, the project automatically pays those users in crypto rewards over time.
- Up until now 1000Blocks only offered to stake our $BLS token (this is done using our native Vault) with rewards paid out in BNB.
- The new Space Farm offers a unique alternative for users to pair their BLS with BUSD (BLS-BUSD LP) to stake and earn MORE $BLS
- Users can stake the yielded BLS in our native Vault to yield even more BNB of passive income.
- APR will be determined by the market itself. Expect some huge returns in the early days. Starting APR was for example 2,090%
Step by Step:
- Go to https://app.1000blocks.space , connect wallet, find Space Farm, and Click on “Stake”
2. Click on “Provide liquidity”
3. Go to Pancakeswap and provide liquidity BLS-BUSD
Add Liquidity | PancakeSwap
The most popular AMM on BSC by user count! Earn CAKE through yield farming or win it in the Lottery, then stake it in…
(For info)Official tutorial from Pancakeswap if you are not familiar with providing liquidity on Pancakeswap.
4. Go back to the 1000Blocks Dapp Space Farm https://app.1000blocks.space
Now you should see your Balance. Click how much you want to add and click Stake. DONE
We are excited and hope you are too — let’s take off!
About 1000Blocks Space
1000Blocks.space is a Play to Earn Gamified Yield Farming platform where users co-create NFTs and get rewarded in BNB.
You can invest in Block Areas where you put your poster/image of what you want to show to the world. And as long as you are the owner of a Block (no one covers you up), you earn BLS tokens constantly.
BLS holders can stake their tokens into a Space Vault where they earn yields in BNB from the Rewards Pool.
Interested? Follow us for more updates
Join us on our journey and change how Digital Assets are being created! For more info check out the following links: