The 3rd Adamant Furnace is now LIVE!
The Furnace allows users to smelt their ADDY to earn an Adamant partner’s asset.
Smelted ADDY is sent to the locked ADDY staking contract and then distributed to those that are in the new locked contract. In return, users who smelt their ADDY earn a ROI percentage in the form of the partners asset.
PolyPup’s team has provided 1274 ($40,000) of it’s third layer token, BALL, so ADDY smelters can be rewarded BALL over the next 30 days. Adamant has also added two new boosted vaults: BALL / USDC and BALL / WMATIC.
How To Use The Furnace
Go to the ‘Furnace’ page
Find the BALL dashboard
Here you will find the return on investment percentage (ROI), what exactly you will earn (BALL), how much you have smelted (User Smelted), and the Total ADDY Smelted.
Upon opening the dashboard, the options to ‘GET ADDY’ from QuickSwap and ‘SMELT ADDY’ will appear. Also, note the amount of time remaining until the rewards end is displayed.
Click ‘SMELT ADDY’, ‘APPROVE TOKENS’ and confirm in MetaMask. After the confirmation transaction, you can now ‘STAKE ALL TOKEN’ or manually enter amount and stake that amount.
By entering these pools, you understand and agree that 100% of your deposited ADDY will be smelted into the reward tokens over the remaining duration of the pool. Smelted ADDY is distributed to users in the locked ADDY staking contract. Be mindful that a “breakeven” ROI is 0%. Deposits will now be blocked if ROI is < 0%.
PolyPup Finance is a new DeFi project on Polygon featuring a deflationary token model. This is the third layer of the project featuring BALL with a maximum supply of 94,000 tokens. Visit PolyPup here: https://ball.polypup.finance/
ADAMANT OFFICIAL LINKS