Part 3: Participating in the Yield dApp incentivised test
Learning how to earn APY the FactoryDAO way
It’s time to put your newly acquired tokens to work in our gamified play to earn dApp, have fun!
Time to earn Literal APY!
Select the pool you wish to enter: Basic Pool or Resident Pool.
On the next page, make sure your compatible wallet (MetaMask / Coinbase / Wallet Connect) is set to the Avalanche FUJI C-Chain and that your wallet is connected.
Ensure that you have testnet AVAX tokens to pay gas fees for transactions. You can get these from here:
https://faucet.avax-test.network/
STAKING ON BASIC POOL
Enter the desired amount of tokens you’d like to stake under the “Deposit” section or simply press “MAX” to stake all your tokens.
Next, press the green “Deposit” button and approve the transaction from your wallet’s popup.
*NOTE: For FIRST TIMERS, you’ll need to approve 2 transactions. The first transaction approves interacting with the contract while the second approves your deposit.
STAKING ON RESIDENT POOL
To begin, make sure that you have created PGL tokens, a pairing of testnet FACT and testnet AVAX tokens. Follow the section titled “Add to an Existing Liquidity Pool” found at this link to create your PGL tokens from the Pangolin Exchange.
Go to
https://app.pangolin.exchange/#/add/AVAX/
Make sure that you are connected to the Avalanche Fuji C-Chain.
Past the test FACT contact address in the select a token field: 0x97e65F3374c8771CA5B418F13E164C932b3e60A3
And follow the instructions in this link: https://pangolin.exchange/tutorials/manage-liquidity#add-to-liquidity-pool
Once you have your PGL tokens, navigate to the Resident pool and press the green “Stake LP Tokens” button.
The following menu will appear. From the drop down menu on the left, you may select either a Vacant or Occupied Lot (protocol property) that you’d like to claim.
To claim the Lot, on the right, you’ll need to input a “New Deposit” and “New Burn Rate”. Remember that if you are “stealing” an occupied lot, both will need to be higher than what’s the current owner has staked in order to claim it.
Next, press the “Occupy Lot” button and approve the transaction from your wallet’s popup.
WITHDRAWING A POSITION ON BASIC POOL
Press the “My Open Positions” tab button to see all your open positions, and then press the green “Withdraw” button on the right of your position.
The following menu will appear. Press the “Withdraw” button and approve the transaction from your wallet’s popup.
WITHDRAWING REWARDS or VACATING LOT ON RESIDENT POOL
Press the green “Withdraw” button from the upper right side of the page. (“Withdraw” will also appear on the right side of the column line indicating your lot information). The following menu will appear:
You may WITHDRAW your available rewards by pressing the “Withdraw Rewards” button and then approving the transaction from your wallet’s popup.
You may also VACATE your Lot by pressing the “Vacate Lot” button and approving the transaction from your wallet’s popup. Upon vacating, your PGL tokens along with your reward tokens are returned to your wallet minus the PGL tokens that were burned (your tax) during your Lot occupancy.
Check your wallet to ensure your reward tokens and/or PGL tokens have been received.
If you’d like to take part in the FactoryDAO Incentivised test for the dApps launching on AVAX, then join the FactoryDAO discord and contact a metasherpa or admin to get a tester role.