🌊How To Earn with BRRR-LP
Providing liquidity and holding BRRR-LP from PRINT3R is an easy, yet lucrative method of gaining exposure to the platform. LPs earn 70% revenue share and XP towards seasonal rewards.
Welcome to the comprehensive guide on $BRRR-LP, the liquidity provision (LP) token for the PRINT3R platform. When you hold $BRRR-LP, you're not just a passive user; you become an active stakeholder in PRINT3R's Assets Under Management (AUM) and get to share 70% of ALL generated trading revenue. This guide will walk you through how to start earning & become a $BRRR-LP holder.
Benefits of Holding BRRR-LP
💎 Revenue Sharing - A New Paradigm in Earnings
When you hold BRRR-LP tokens, you are automatically staked to earn a share of 70% of the platform's trading fee revenue. These earnings are paid out in Wrapped Ether (WETH) and can be claimed at any time, offering you a consistent and lucrative revenue stream.
🔁 Auto-Compounding - The Magic of Exponential Growth
For those who are looking to maximize their earnings, PRINT3R offers an auto-compounding feature. This ingenious option automatically reinvests your earned WETH rewards back into BRRR tokens, amplifying your yield over time. It's the financial equivalent of a snowball effect; your earnings grow exponentially without any additional effort on your part.
⭐️ Earn Bonus XP Rewards - Gamifying Finance
Your BRRR tokens do more than just earn you revenue; you can also lock them to accrue Experience Points (XP). You can lock your tokens in specialized BRRR vaults to earn multiplied XP. Accumulating XP allows you to level up within the PRINT3R ecosystem, unlocking additional rewards and benefits, including eligibility for the PRINT airdrops.
A Step-by-Step Guide to Earning with BRRR-LP
Step 1: Acquire Supported Tokens: - The Gateway to Earnings
To start your journey, you'll first need to supply liquidity to the PRINT3R platform. The first step is to acquire any of the supported assets. You can do this through any major exchange like Coinbase or Binance.
We currently only support liquidity provision in three key assets: Bitcoin ($BTC), Ethereum ($ETH), and USD Coin ($USDC).
Step 2: Go to the 'Supply Liquidity' page.
Once you have your tokens, go to the 'Supply Liquidity' section via the 'Earn' tab on the PRINT3R platform.
Step 3: Supply Liquidity, Mint BRRR-LP & Start Earning!
From here you can select which base index asset you want to supply and how much BRRR you will receive. Follow the on-screen instructions to complete the transaction.
Step 4: Enjoy Weekly Distributions of Trading Revenue
Once you've minted your BRRR tokens, they're automatically staked, making you eligible for a share of the platform's trading fee revenue. This is a passive earning mechanism; once set up, it requires no further action on your part.
Step 5: Claiming Protocol Revenue
Every week, you'll have the opportunity to claim your share of the trading revenue. These distributions are made in WETH, providing you with a steady and reliable income stream. If you want to streamline the process further you can opt to auto-compound earnings so they continually get re-staked as BRRR.
How to Remove Liquidity & Redeem BRRR-LP Tokens:
You can remove liquidity and redeem your underlying supplied assets at any time - but will be subject to a redemption fee. To redeem BRRR you just need to switch tabs to 'Withdraw' and this will allow you to enter the amount of BRRR you want to redeem and the base index asset you wish to redeem it as!
Understanding BRRR-LP Fees:
Adding or removing liquidity from the Vault involves a small fee, which is dynamically determined based on the liquidity reserves of the chosen asset. This fee ranges from 0.2-0.8%, and it's designed to maintain balanced liquidity across all assets, ensuring an optimal trading experience for all users.
Reward Lockers: Supercharge Your Earnings
Reward lockers offer an additional layer of earning potential. By locking your LP tokens for a specified duration, you can earn additional XP rewards. While your tokens are locked, you can still claim your share of the 70% revenue at any time. The longer you lock your tokens, the higher the XP multiplier, ranging from 1x to 2x.
Conclusion: Why BRRR-LP is More Than Just a Token
Holding BRRR-LP tokens in PRINT3R is not just a one-dimensional earning opportunity; it's a multi-faceted engagement with a platform that's revolutionizing decentralized finance. With options for auto-staking, auto-compounding, and XP multipliers, BRRR-LP tokens offer a flexible and lucrative way to enhance your trading and earning experience on PRINT3R. So why wait? Dive in and start maximizing your earnings with PRINT3R today!
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