Stake MEOW LP & Earn Daily

In this tutorial we are going to go over adding liquidity to the KOIN/MEOW liquidity pool, and staking those LP (liquidity pool) tokens to earn free MEOW.

Before you can add KOIN/MEOW liquidity, you will require both KOIN and MEOW in equal amounts to the current exchange rate. A simple example would be, if you would get 2 MEOW when you trade 1 KOIN, then you will need to have 2 MEOW and 1 KOIN to add liquidity.

Lets say you want to add 1 million MEOW tokens to liquidity. As you can see from the current exchange rate, 1,000,000 MEOW is equal to about 1.6 KOIN.

When you navigate to the “Liquidity” section and select KOIN and MEOW, if you put 1,000,000 in the MEOW box, the required KOIN to add liquidity will populate in the KOIN box. This is the exact required amount of tokens needed.

When you are ready you can select “ADD POSITION” and sign the transaction to submit the tokens to the liquidity pool and receive LP tokens.

If you do not have enough KOIN or MEOW to add liquidity, you trade MEOW directly to KOIN, or threw KCT and UP as shown here.

Now that we have our LP tokens, it’s time to head over to Koincity and start staking them to earn free tokens. https://koincity.com/stake

Currently there are 2 pools available to stake KOIN/MEOW LP, to earn either MEOW or KCT tokens. We are going to stake our LP tokens in the MEOW earning pool.

There are 3 buttons below each pool with only the first one available if you haven’t already staked LP tokens in the staking pool.

Selecting “Stake More” reveals a box to enter the amount of LP tokens you want to stake. The available amount in your wallet will display above the box and say “Balance”. In the snapshot, we are not signed in, which is why it shows 0 KOINDX-LP tokens available.

Enter your available KOINDX-LP balance and select “Stake” to complete the transaction and stake your LP tokens.

After a moment you should see your current stake amount appear, rewards generated, and the additional 2 buttons will be available to claim your rewards, or withdrawal your LP tokens from the staking pool.

Congratulations, you have just staked MEOW LP tokens and are earning daily from the staking pool.