BuckSwap's Mine ✨💎⛏✨
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Providing liquidity in the Mine is one of the primary methods of earning $BUCKS.
The Mine allows users to stake their BuckSwap Liquidity Provider (LP) tokens within the BuckSwap ecosystem.
This permits users to receive a percentage of all $BUCKS rewards that are distributed by the network.
To add liquidty to a pool, you need to provide tokens in a 1:1 ratio to the liquidity pool. This means that if you are adding to, say, a BUCKS-BUSD pool, and wish to provide 2 BUSD worth of liquidity, you would need to convert approx 1 BUSD to BUCKS tokens first via the BuckSwap DEX.
We will be writing a guide on how to deal with impermanent loss, as well as present what we are working on to help mitigate it, but in the meantime please read the following articles:
These will give you an idea of what IL is and how you are affected by it. Please stay tuned for more info!