🔰How To Guide
How to Forge & Farm
Our system is currently optimized for desktop/laptop using Metamask. You can use mobile through the Trust Wallet browser to burn BNB only. BTC Forging does not work on mobile. This is a Trust Wallet issue. Tell them you want to use our systems properly on mobile.
FOR ANY PART OF OUR SYSTEM TO WORK YOU NEED BYAS. All of the boxes on the Stats page take you to the respective contracts. Click on the BYAS price to go to Pancakeswap to buy BYAS. You must hold at least 100,000 BYAS in your wallet at all times! BYAS has a 3% FEE on all buys and sells. So buy at least 104,000 in the swap. Slippage 3-4% (3.1 works most times)
Approve the Forge contract. If the Forge is outlined in red you don't have enough BYAS
Use any amount of BTC or BNB under $50,000 to Forge the equivalent amount of DXO
You can only Forge 50K DXO within a 24 hour period. This is part of our AML system
You may need to refresh the page after buying BTC or BNB for the balances to show up properly in the forge.
To use the Forge you must first hold the required amount of our ecosystem token BYAS.
You need at least 100,000 BYAS tokens for any part of the system to work.
Learn more about BYAS here
You can buy as much DXO as you want. Buy DXO on Pancake Swap (slippage 0.6%) or BYAS Swap without having to adjust slippage.
Liquidity incentives
Providing liquidity and staking that liquidity in the Pools section on https://www.dxocoin.com/pools allows you to earn BOTH fees from Pancake Swap and BYAS rewards. The "APR" you see is based on the fees from Pancake Swap and the BYAS rewards.
YOU WILL STILL NEED TO MAINTAIN AT LEAST 100,000 BYAS IN YOUR WALLET AT ALL TIMES
Hit 'Add Liquidity' under the respective liquidity pool that you want to participate in
Use V2 Liquidity! BYAS and DXO only support V2
Provide the proper amount of tokens. If BNB DO NOT use 100% of your BNB as it's needed for all transactions.
Now come back to the Pools section over on the DXO site.
Approve the respective LP tokens then
Stake. The front end rounds up the amount of LP tokens you have. Just look in the pools box and you'll see the exact amount of tokens you have. It's best practice to leave off a few decimal places.
example: You have 23.9 LP tokens. The front end rounds up to 24. You should enter 23.8
Each Stake is a bond. Your liquidity will be locked for at least 60 days. Any action, such as adding more liquidity will reset your bond.
IF YOU STAKE MORE LIQUIDITY BEFORE YOUR ORIGINAL TIME HAS ELAPSED YOU WILL LOSE YOUR ACCRUED REWARDS. THIS IS AGAIN TO ENCOURAGE YOU TO BE STILL. YOUR REWARDS ARE PUT BACK INTO THE POOL. AND DURING THE NEXT PERIOD WE WILL INCREASE THE REWARDS FOR STAKED USERS. WE WILL CREATE NEW REWARD RATES EVERY SO OFTEN. REWARD RATES WILL GENERALLY GO UP DUE TO PEOPLE BEING IMPATIENT.
If after your time has elapsed you choose to Claim Rewards your bond will reset again. This is done to bootstrap liquidity. This is also done to prevent Defi hoppers from dumping BYAS. Early liquidity providers will benefit the most long term. Remember you're getting both fees and BYAS rewards.
Why is Liquidity Necessary?
In order for trades to happen on a decentralized exchange (DEX) there must be enough liquidity (in this case tokens that need to be traded). On a traditional exchange like Binance, they use their reserves to facilitate transactions and charge a fee to buyers and sellers. On a decentralized exchange, you provide your own tokens to be used to facilitate trades and you receive the fees. Basically, You are the exchange.
Staking
Each staking mechanism on our platform is a bond. Once you stake you will not be able to unstake for 60 days. Each action you do resets the bond
example: If after 60 days you claim your rewards your bond time will be reset again and you won't be able to unstake for another 60 days.
If you stake more LP at any time your bond time will reset. If you want to claim both your staked LP and your rewards after enough bond time has passed simply hit the CLAIM ALL button.
IF YOU SELL YOUR BYAS WHILE YOU ARE STAKED YOU MAY BE UNABLE TO RECOVER YOUR LIQUIDITY. EVEN IF YOU BUY MORE BYAS AFTER YOU SOLD.
Be patient. Be still. You're getting paid to hold BYAS. You get more BYAS for holding BYAS.
In other traditional finance products, 401K, CDs, stocks you are required to hold for years! You are PENALIZED for removing your funds earlier than the agreed upon time. If people were allowed to access their retirement funds whenever they want, people would blow their retirement. Traditional finance figured this out a long time ago.
Financial instruments do not go down because of "the market" wars or anything else. Prices go down for one reason and one reason only. Because people sell. So if you have a system where you reward the people who are the most patient, you have less sells and the asset is allowed to grow. In order for the crypto industry to be more stable we need to have more systems that require users to be patient.
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