How to Get Started
There are several things you need to take note of before starting on your iBG journey. Here is an overview of the necessary steps in farming and staking.
- 1.A WalletIf you're new to DeFi, refer to this set of Binance Smart Chain guides. It is based on MetaMask, which is one of the most popular and widely used wallets with a browser extension to boot. The other more popular wallet is Trust Wallet. But feel free to try out and explore other wallets available on iBG. Take note that we will only be able to provide very minimal support for wallets other than MetaMask and Trust Wallet.
- 2.Starting CapitalYou'll need some BNB and/or BUSD to purchase iBG. Most likely the best choice for starters would be BNB as it is required anyway, to pay for Binance Smart Chain (BSC) transaction (or gas) fees. You can get BNB and/or BUSD direct from Binance. If Binance is unavailable to you, you may ask around for OTC (over-the-counter) solution. Video on how to withdraw funds from Binance to your MetaMask can be found here.
- 3.After obtaining BNB and/or BUSD, you will need to swap it for iBG. Currently you can do so via PancakeSwap's exchange page (will be directly from iBG in future once our frontend changes are complete).
- 4.When you provide liquidity to any liquidity pool or LP, LP tokens are automatically minted and distributed directly into your wallet. This LP token is a representation of your share of the total pool based on how much liquidity you have added. These LP tokens can be 'redeemed' by removing your liquidity from that pool, and you will get back your assets from the pool.
- 5.Farms or PoolsThere are two methods of farming on iBG. Each with their pros and cons.
- 1.iBG Farms (or also commonly known as liquidity pools or LPs)
- 2.iBG Pools (or also commonly known as single asset staking)
Last modified 1yr ago