How to Buy YieldFarming Index Crypto (YFX)
What is YieldFarming Index (YFX)?
According to Coingecko, YieldFarming Index is : What is the project about? YFX is a crypto hedge fund that generates high returns on investment by farming strategies and exclusive investment opportunities. What makes your project unique? The crypto market is plagued by a lack of capital for key projects. Historically, UniV2 project incentives have been pennies on the dollar. Zyberswap earns only 50k in fees and 10k in protocol revenue, despite giving out over $400k worth of incentives. Although the Solidly model has improved this situation by increasing earning incentives to 20 and 70 cents on the dollar, there is still room for improvement. Through hedging between quantitative and qualitative trading strategies, we are expecting a 2.0–2.5% MoM return on the underlying Treasury value, with a conservative APR estimate of 40% APR. History of your project. We raised $2 million for our presale, through a private sale and presale on GMD Protocol's launchpad (https://app.gmdprotocol.com/launchpad). We are currently deploying our funds on different yieldfarming apps, improving the relative fund value and bolstering the value of our token. What’s next for your project? We are going to yield farm through the bear market, slowly but steadily improving our RFV. What can your token be used for? YFX's token can be used to stake in single-stake vaults of $YFX token that streamline part of the protocol's revenue to stakers. (yfxstaking.com)
Where can I buy YFX Crypto?
You can buy YieldFarming Index on crypto on Sushiswap's Arbitrum Version.
Why should you buy YieldFarming Index?
YieldFarming Index is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.
How to Buy YieldFarming Index Crypto?
Step 1 - Setting up a Metamask Wallet
Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.
Head over to metamask.io and click Download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.
You are now the Welcome Page of Metamask. Click on 'Get Started.' Now click on 'Create a Wallet.' Choose a strong password for your Metamask wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write every word down on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you'll be asked to confirm it. Click on every word in the correct order, and you should be done.
Now since we are using the Arbitrum One, we’ll need to add the Network. I’ll go over this very quickly. Just go over to https://arbiscan.io/.
Bottom right corner click here:
Accept everything on your Metamask and you should have your Arbitrum Network configured and the network switched to it.
Alternatively you can add the network manually like this:
Click on the upper right corner where you see the image and then click Settings. Select Networks and click on Add Network.
Fill out the boxes with this info:
- Network Name: Arbitrum One
- New RPC URL: https://arb1.arbitrum.io/rpc
- Chain ID: 42161
- Symbol: AETH
- Block Explorer URL: https://arbiscan.io
Click Save, and now you have Arbitrum ONE installed on your Metamask.
Step 2 - Buy USDT on Simpleswap
To buy YFX, we first need to buy another coin so we can trade it for YFX. In this guide we chose to start by buying USDT (for the simplicity), trading it for ETH on the Arbitrum Chain to finally trade it for YFX. Unfortunately, without signing up to any regular exchange, we can't perform this exchange directly.
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy ETH and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.
Click here to access Simpleswap
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for USDT, select USDT(ERC20) from the dropdown and click "Exchange", just like this:
Switch your Metamask Network to the Ethereum Mainnet:
Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask Ethereum address. It should add it automatically.
You can now choose between Google Pay or card to complete the payment:
Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated ETH balance in Metamask.
Step 3 - Swap USDT to ETH (Arbitrum) with Simpleswap
Now we're swapping the USDT we just bought for ETH on the Arbitrum Chain. Click here to access SimpleswapNow that we're back on Simpleswap, we need to select the "Crypto Exchange" tab, and select USDT(ERC20) and ETH(Arbitrum) just like this:
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Click the Metamask logo to copy and paste your Metamask Address and click "Create Exchange".
Accept the transaction on Metamask and the process should start automatically. Now all you should do is wait, switch the network back to Arbitrum, and your Arbitrum ETH should appear in your Metamask balance.
Step 4 - Buy YieldFarming Index on SushiSwap with ETH
Sushiswap is currently the best Decentralized Exchanged for the Arbitrum Chain, and it's simply the best place to buy cryptocurrencies one Arbitrum that aren't available on sites like Coinbase or Binance.
Before we head over to Sushiswap, we need to prepare your Metamask Wallet to receive YieldFarming Index. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
0xaae0c3856e665ff9b3e2872b6d75939d810b7e40
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive YieldFarming Index( YFX).
You can check the price and confirm the correct token address of YieldFarming Index on Coingecko.
Let's buy some YieldFarming Index!
Go to Sushiswap. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it).Now you need to accept, connect, and your wallet should be connected to Sushiswap. You need to make sure you're connected to the Arbitrum version. Make sure your metamask says Arbitrum on the top.
Select a token and paste the Token contract address: 0xaae0c3856e665ff9b3e2872b6d75939d810b7e40
Click Import and accept the terms.
Now you have to select the amount of ETH you want to trade for YFX. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your YFX should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of YieldFarming Index!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Sushiswap's gear icon, and put 5% here:
Check out YieldFarming Index links:
Please make sure you read our Disclaimer. We are not financial advisors.
