Why You Should join the $GHNY yield farming fever? (Tutorial included)
$GHNY is the native token of Grizzly.fi. Up till now, this yield farming platform has raised 26 million US dollars, with TVL skyrocketing. The APY of each pool is as high as 6,000%+. Will there be another DeFi Summer?
Recently, GHNY’s daily transaction volume exceeded $100 million! I think it’s time for me to do some digging. First of all, the purpose of the Grizzly.fi platform is well understood. It is to allow people to get income by staking in the bear market. Based on the BSC network, it currently provides investment opportunity in 7 trading pairs including USDT/USDC, USDT/BUSD, ETH/USDC. When users stake on Grizzly.fi, they get $GHNY. It is the fuel for the entire Grizzly.fi ecosystem. The longer the platform operates, the fewer tokens are minted.
If you want to get some GHNY outside the platform, you can always make a swap transaction in BitKeep Swap:
Preparation
If you’re using a cell phone, you’d need to download BitKeep app and create a wallet on BSC (or import an existing BSC wallet with your private key)
If you’d like to access BitKeep on your desktop, please get a BitKeep Chrome extension and connect wallet to the BSC network, or you can create a new wallet on BSC.
Here’s how to create a BSC Wallet in BitKeep:
Step 1: Download and install the BitKeep wallet.
Scan the QR code to download the latest version of BitKeep wallet
Create a wallet
Launch BitKeep wallet. Tap Create a new wallet. Read all the tips and check the prompt in the bottom, and tap “I have backed up”;
Verify your backup. Tap Confirm, then Enter Pin Code.
Please keep the mnemonics properly. It is recommended that you use a notebook to write down the mnemonics and put it away. Never take screenshots. BitKeep is a decentralized wallet, and it does not store your mnemonics on its server. Once the mnemonics get lost, you won’t be able to recover your assets, and BitKeep cannot help you recover your wallet.
Add Mainnets and tap Confirm. Now you are ready to try out BitKeep.
How to import a wallet;
You are going to need your private key or mnemonics to import a wallet. Do not copy it to the clipboard or there will be leaking risks. You’d better write the words down on a piece of paper and then input them manually.
Here’s a step-by-step instruction:
Launch BitKeep. Choose “Import an existing wallet”. Input your mnemonics or private key, then input your wallet password;
2. How to use BitKeep to get up-to-date info of Grizzly Honey (GHNY) 1) Launch BitKeep app, tap Swap, and tap Quote；
2) Tap the search bar, and enter GHNY or its token address 0xa045e37a0d1dd3a45fefb8803d22457abc0a728a, then tap the GHNY token you want to check out.
Here you can see its chart, liquidity pool, statistics, project information, etc.
3) Tap Buy or Sell to go to BitKeep Swap interface;
3. How to trade GHNY with BitKeep Swap:
1:
1) In the BitKeep Swap interface, choose the token pair;
2) In the search bar, enter GHNY or its smart contract address 0xa045e37a0d1dd3a45fefb8803d22457abc0a728a, then tap the token you want to swap;
3) Enter the amount, then tap Confirm and enter your password.
BitKeep Swap will automatically find the optimal cross-chain payment channel for you.
2:
1) On the GHNY page, tap Buy/Sell to jump to the Swap interface;
2) Select the token pair and enter an amount;
3) Now tap Confirm and enter your password.
If you want to check out the transaction record, just return to the Swap page, and tap the History icon.
Although the growth of GHNY is tempting. But a new crypto is not always reliable crypto, XD. For me, newly issued cryptos are just a fraction of my portfolio because I think we should always keep the risk — benefit ratio in mind. But if there’s a trading pair involving GHNY in the future, getting some of the token now may come in handy later. The information in this article is for reference only and shall not be construed as an investment advice.
