DojoSwap
DojoSwap supports several web3 wallets, including Metamask, Keplr, Leap, and TrustWallet.
To participate in DojoSwap, you'll need Injective Protocol (INJ) tokens, obtainable from various cryptocurrency exchanges like Bybit or Binance.
For cost-effective transactions, it's recommended to fund your Web3 wallet with $INJ by transferring tokens from your exchange wallet.
Visit the official DojoSwap website (ensure it's the correct and official site) and click the "Connect" button in the top-right corner.
Navigate to Liquid Staking, choose the amount of $INJ to stake, and click "Stake" to earn DoJo Injective ($dINJ) tokens as rewards. Note that unstaking takes 24 days, or you can opt for immediate unstaking by swapping $dINJ for $INJ, though some loss may occur.
To optimize staking returns and achieve the highest effective ROI, stake half of your $INJ to receive $dINJ. Farm dINJ-INJ LP in equal amounts, but consider providing slightly less $INJ than your wallet balance to cover transaction fees.
Deposit everything into the dINJ-INJ LP farm. This will yield redeemable $POINTs for $DOJO and trading fees from the dINJ/INJ liquidity pool pair.
Access Farms and click "Harvest" under the farm where you deposited your tokens.
DojoSwap Airdrop Guide
What Is DojoSwap?
DojoSwap is a decentralized finance (DeFi) platform integrated with Injective, designed to empower users to earn rewards through liquidity provision and farming activities in the cryptocurrency space. The platform simplifies yield farming, allowing users to stake and provide liquidity for different cryptocurrency assets.
Key features of DojoSwap include:
Liquidity Provision: Users can contribute liquidity to cryptocurrency pairs like INJ and dINJ, facilitating trading on decentralized exchanges (DEXs).
Staking INJ Tokens: Participants stake their INJ tokens to earn dINJ rewards, representing their portion of the liquidity pool.
Farming Rewards: Through staking liquidity pool tokens (e.g., dINJ-INJ LP), users can farm rewards, including validation APR from dINJ and Farm APR from $DOJO token emissions.
Trading Fees: Liquidity providers have the opportunity to earn trading fees generated within the liquidity pool pair, boosting potential earnings.
In summary, DojoSwap streamlines the participation in DeFi activities, making it accessible for users looking to earn rewards through liquidity provision and INJ token staking. The platform provides diverse earning opportunities while facilitating decentralized cryptocurrency trading.
What Is DojoSwap Token?
The $DOJO token plays a pivotal role in the DojoSwap ecosystem, fulfilling various crucial functions:
Governance: DOJO token holders wield decision-making authority, influencing the platform's development and future trajectories by participating in voting processes on proposals and changes.
Rewards: DOJO tokens are dispensed as incentives to liquidity providers and farmers, motivating users to engage with the platform by staking their tokens or contributing liquidity.
Staking: Users can stake DOJO tokens, enabling them to accrue additional DOJO tokens over time and augment their overall holdings.
Transaction Fee Reduction: Holders of DOJO benefit from reduced transaction fees when conducting transactions on the DojoSwap platform, ensuring a cost-effective experience for users.
DOJO serves as the foundational element of the DojoSwap ecosystem, offering governance capabilities, reward distribution, staking opportunities, and fee reduction advantages to users. It holds a central role in incentivizing and governing the platform, making it an indispensable component of the overall DojoSwap experience.
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