Prerequisite:
Pylon App
Difficulty:
Beginner
How to read the Pylon App Dashboard
First when you launch Pylon App you will be greeted with this screen:
Here is $MINE General Information
1. $MINE price displayed in $UST
2. Total Staked $MINE and it's size %
3. Pylon links to official ressources
Left: Trading and Staking menu
Right: Menu to provide liquidity in the pool
1. Total amount of $MINE you have
2. Total amount of Staked $MINE and stakeable $MINE
3. Menu to BUY and SELL $MINE
4. Menu to STAKE or UNSTAKE $MINE
5. % APR if you provide liquidity in the pool (know the difference between APR and APY.
6. MINE-UST LP you have but it doesn't mean they're all staked yet
7. Current MINE-UST LP staked
8. Menu to PROVIDE or WITHDRAW MINE-UST LP
9. Rewards you can collect if you provided liquidity
How to trade $MINE and STAKE it
By clicking on Trade MINE you will be greeted with this screen:
You can BUY or SELL $MINE for UST directly on this screen
By clicking on Stake or Unstake you will be greeted with this screen:
Input an amount you wish to Stake and press Stake $MINE
How to provide liquidity in the MINE-UST Pool
Prerequisite :
Difficulty:
Intermediate
1-Make sure you understand the concept of Impermanent Loss
By clicking on the Provide or Withdraw LP button you will be greeted with this page:
To provide liquidity in the MINE-UST pool, you need to have an equal value from each side
Click Add Liquidity if you want to provide $MINE and $UST and receive LP
CAUTION Once you have MINE-UST LP you need to STAKE those to start receiving rewards
Once staked, you will be able to monitor your rewards from the main Dashboard