Hi Rockstars and hiveans!
Today I'm gonna show you another way to earn Starbits passively and outside the game.
As of today, I earn 56 Starbits from pool rewards daily and a total of 33 Starbits from swapping fees with this method.
It may not be much but that's like having a free illegal busking mission everyday plus I also receive small amounts of hive.
So here's how I did it.
First go to BeeSwap. (You can also use hive-engine or TribalDex, but for this blog i'm gonna use beeswap.)
At the homepage, click Login
Then, login with your Hive username and password. I suggest you use hive keychain for ease of access.
Then we move over to the list of pools by clicking the Pools page.
Our goal is to find a pool where we can use starbits as our liquidity.
Currently there is only one pool that enables swapping for starbits, PIZZA:STARBITS.
It has a decent average APR of 116.758% and also rewards us with starbits and pizza, so let's choose this pool.
In order to add liquidity we must have equal amounts of starbits and pizza.
To do that, we go over to the Swap area
Since I only have hive one me, I must first swap my hive for pizza
this is only possible because a swap.hive:pizza pool exists, or else i'd have to buy pizza with hive which will take a bit longer.
Then I divide my pizza by 2 (remember, equal amounts of pizza and starbits)
and swap for starbits.
Now, we go over to Add liquidity to deposit pizza and starbits.
And viola,I have now added Pizza and Starbits to the pizza:starbits liquidity pool. 😁
To check our current positions and rewards, we just go over to the "Your Positions tab".
To check your total fees earned, you gotta go to TribalDex and just repeat the process of logging in. 🙂
I may be earning small amounts of starbits from the pool, but that's just because I've only invested 20$ worth of crypto. That is soon to change when I add more starbits/pizza to the pool as my share of the pool rewards also increases! 😄
So that's how you do it guys, thank you for reading my post and hope you all benefit from this short tutorial. :)
That's the end of my post! 😁
Thank you again for making it to the end of my post!
That's all for now rockstars,
Keep on rocking!