Beating the Scalpers: Royalty Splits & Price Ceilings vs Dynamic Pricing
Everyone agrees that the scalpers need to be stopped, but what's the best way to do it? Royalty splits and price ceilings? Or dynamic pricing?
We've created a yield farm where people can earn a share of a pot worth $100,000 in $SEAT tokens for adding liquidity to our liquidity pool!
$SEAT trading is now live on Ref Finance! To celebrate, we've launched a yield farm!
This guide will break down the farming process so you can join in early and earn some seriously big rewards to celebrate the launch.
To farm $SEAT and earn extra rewards, you first have to become a liquidity provider. To become a liquidity provider, you’ll need to have some $SEAT and some $NEAR. In exchange for providing liquidity, you’ll receive LP tokens that you can deposit into the farm to earn big rewards in $SEAT.
You’ll earn double rewards.
If you don’t have any $SEAT or $NEAR to deposit as liquidity, you can buy some $NEAR on most exchanges, via a service like Moonpay or directly on Ref Finance by clicking in the top right corner of the screen once you’ve connected your wallet. Once you have some $NEAR, you’ll need to swap about half of it for $SEAT.
If you don’t already have a NEAR wallet, you can create one on NEAR’s official website. Once you’ve done that, or if you already have one, connect the wallet to Ref Finance. Remember, you’ll need some $NEAR to buy $SEAT and to deposit liquidity, so make sure you fund the wallet externally or buy some $NEAR on Ref Finance.
When depositing liquidity, you need to add both $SEAT and $NEAR. So swap around half of your $NEAR for $SEAT before the next step.
Head to the $SEAT<>:$NEAR farm.
Click on “Get LP Tokens”. You’ll be asked to add liquidity to our liquidity pool. Remember, you need to add both $SEAT and $NEAR and ensure they are balanced. If you have any issues, try lowering the amount you’re adding.
Once you’ve successfully deposited your liquidity, you’ll automatically receive LP tokens and be given the option to farm them. Follow the instructions to farm your LP tokens, including confirming the transaction with your NEAR wallet (you’ll be prompted to do this automatically).
Once you’ve successfully deposited liquidity and farmed your LP tokens, you’ll begin automatically accumulating big rewards! You can unstake and withdraw your liquidity and farmed LP tokens at any time.
You should periodically check the farm to claim any rewards you’ve accumulated. To compound your earnings and make even more, you can add your $SEAT rewards back to the liquidity pool to get even more LP tokens to farm and earn even bigger payouts!
If you have any issues or questions, reach out to us via Telegram or Discord and speak directly to one of the team.