YTHO Farming: how & y tho?
YTHO.online is the first DeFi experiment where anyone can play casino-style games, while also being part of the house. The first YTHO game launching soon is degen blackjack — aka Bradjack.
Right now, YTHO ($YTHO) is available to trade on Uniswap. YTHO/ETH liquidity providers are considered members of the house and share in the casino rewards. You can use your UNI-V2 LP tokens to farm the game token BRADS ($BRDS) that will be the casino chips used to bet in blackjack and our future games. For now BRADS are NOT available to trade, since liquidity will be added shortly before Bradjack launch. Currently, the ONLY way to get BRADS is to farm with YTHO LP, so farmers have an early opportunity to get chips to blow at the tables.
At this point, the chads have already followed the links above to our website or Uniswap, smashed market buy and started yield farming. Since who knows yet what price BRADS will start trading at once liquidity is added, the degens taking the first gamble of providing YTHO LP will have a biggest chance for exponential rewards. And of course, fatter stacks to gamble in Bradjack (or spend on hookers and cocaine — we don’t judge, you do whatever you want with your coins).
If you’re a virgin to DeFi and wondering exactly how to get started farming, let’s break it down step by step:
Step 1: Buy YTHO
To buy YTHO, you’ll need need Ethereum ($ETH) in a wallet that can interact with Uniswap — we highly recommend using Metamask chrome browser extension. Connect your wallet to Uniswap, then enter the amount of ETH you’d like to trade for YTHO and click swap.
After clicking swap, your wallet should pull up a prompt for you to confirm the transaction. If you’re using custom gas settings, remember to check the current ETH network gas rates to know how much GWEI you should use.
Note: If the transaction fails, you may need to click settings on the top right and increase your slippage tolerance % as shown in the earlier screenshot.
Step 2: Add Liquidity
Once you have YTHO tokens, you’ll need to add liquidity to the YTHO/ETH pair to be able to farm. Adding liquidity requires equal parts YTHO and ETH. So using the transaction rate at the time of writing this, if you wanted to add 25 YTHO, you’ll also need to add around 0.294 ETH.
Choose any amount of YTHO to add to the liquidity pool. When you supply liquidity, you’ll exchange both YTHO and ETH for UNI-V2 LP tokens, which represent your share of the liquidity pool — aka the YTHO house. The more liquidity provided, the larger your share of the house rewards.
Note: At any time, you can choose to remove liquidity from the pool and trade LP tokens back for balanced amounts of YTHO and ETH tokens based on the current pool. Please do your own additional research on providing liquidity.
Step 3: Stake LP tokens to start farming
After adding liquidity, head over to the YTHO farm and connect your wallet. Here you can see the weekly distribution of BRADS. Each week is less than the previous, as it’s designed to be a depreciating weekly farming distribution.
Click the button to farm BRADS from your house LP tokens to see the screen below. From there you can see the balance of LP tokens in your wallet, your balance staked in the farm, and the rewards you have available to be claimed.
Note: When staking LP tokens, it’s recommended to delete the last few decimal places before staking. For example, if you have 2.6064353142 LP tokens then you would just stake 2.6064353 tokens to avoid any potential transaction errors.
Stake your UNI-V2 LP tokens to get a share of the weekly BRADS distribution. Now you’re a member of the YTHO house and earning piles of chips ahead of Bradjack launch. Congrats on becoming a full degen!
Check out YTHO.online for additional info about the project. Follow us on twitter (@ythoonline) and join our telegram to stay connected.
