Dear readers, about 5 days ago a new project called RobiniaSwap was opened, which is a decentralized exchange platform, whose investment strategy is yield farming, this method or strategy is well known in the defi world and is based on placing certain capital in this type of platforms, with the intention of increasing the invested capital over time in a passive manner is very similar to the staking because, the higher the investment logically the higher the profits will be.
In the same vein, it is important to mention that RobiniaSwap supports different blockchains among which is steemit, a blockchain with which a large number of users are familiar, the native token of the platform is the RBS which we will get as profit when yield farming. A favorable feature of the platform is that it runs under the Binance Smart Chain network, which ensures that the commissions for each transaction are not high.
On the other hand, although through it you can make crypto exchanges, the intention of this publication is to make it known as an investment platform, clarifying of course that it is not an investment advice, but it is important to socialize this type of platform so you can observe it, study it and decide under your own criteria if you want to invest in it or not, personally if I had the opportunity to invest since its release, therefore, I share with you the necessary requirements and the process to enter according to my experience.
Let's start!
| Aspects to consider before you begin |
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- To login you must have a portfolio in metamask or Trustwallet.
- Should you decide to use metamask you need to have a couple of dollars in BNB to cover the initial transactions and of course to claim your rewards.
- Among the tokens and cryptos you can use for yield farming and stake are Rbs, steem, Cake, Btc, Eth, Busd, Usdt, Dot, Ada Blurt and the same native token you can acquire on the exchange.
- To start yield farming and stake with any of the tokens mentioned above you must approve the contract, for this, you will be charged a deposit fee which is at 4%, with the exception of the Rbs native token where no deposit fee is charged.
- If you are a steemit user and want to process with this crypto, you can do it quietly by sending steem from the platform wallet to the metamask wallet, but for a minimum amount of 200 steem and from which you will be charged a 10% commission, for example if you send 200 steem it will reach your metamask wallet 198.
| Next, I'll make a small tutorial on how to enter RobiniaSaw |
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1. As mentioned at the beginning, you must have a wallet, in my case use metamask, from there you can automatically connect to the platform when you synchronize it, but keep in mind that the metamask wallet comes default with the etherium network, therefore, it must be configured with the Smart chain network to avoid problems when making transfers or deposits. The process will be explained step by step graphically below.
2. Once the wallet is configured in the smartchain network add the token you plan to use, to do this you must select in the wallet "Add token" and there paste the token contract automatically the token symbol will appear and you only have to press the save option. It is necessary to mention that for most tokens and cryptos the contract can be located in coinmarketcap and coingeko, in my particular case I used the steem coin whose contract is the following:
0x382d36e85178f2d3fd84e336d4e1d442fce78e8e
You must also add the rbs token, you can do this by going to the main section of the robinia page and at the bottom indicate to add Rbs to the metamask, automatically activates the wallet and the token symbol will appear, press add and ready as shown in the following image.
3. After adding the token, proceed to send the desired amount of tokens to the wallet, for those who are going to do it from the steemit wallet, you can do it in the traditional way, locate where the steemit token is, select transfer, and place the following data as shown in the following image.
In the images you can see that I sent 200 steem but only 198 arrived to my metamask wallet, that is due to the 10% commission I told you about at the beginning.
4. After configuring the wallet and adding the token, we enter the RobiniaSwap page and synchronize the page with the wallet, you can make sure that they are synchronized because in the upper right part of the page will appear your metamask wallet address.
5. Once synchronized we proceed to locate the section called pool to make stake and there will appear the contracts of the different currencies, you choose the one of your preference and "press approve contract" will automatically activate the metamask portfolio which will show a transaction that reflects the amount of the commission to approve the contract, this amount is translated into cents.
6. After being approved, it will appear that you can bet your tokens, select bet, metamask will be activated again to collect the corresponding commission and ready to start generating returns.
7.Finally, it is necessary to mention that every time you harvest your profits they will be in Rbs and will be automatically reflected in your metamask wallet. If you wish, these coins can be reinvested by approving the Rbs contract, without any commission.
Dear readers, I hope the information is useful to the community, which is based on the experience I gained in the process.
Below I share with you the link to the robinia platform's web portal, so that you can do some research about it.
Hello friend @amestyj
In any DeFi project you should invest from the very day of the official launch, that gives us a clear advantage and acceptable returns, I am confident that the RobiniaSwap platform will consolidate and be sustainable over time.
Best regards, be well.
Hello dear friend @lupafilotaxia, I totally agree with you, in any project it is always important to enter from the first moment, since, we have the possibility to generate good income. Robinia is shaping up to be a great defi platform, let's hope it continues to strengthen.
See you later brother, have a great weekend.