New Adamant Furnace: Earn SportX!
The 4th Adamant Furnace is now LIVE! Smelt ADDY, Earn SportX!
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.
SX Network’s team has provided 53,010 ($30,000) SportX tokens, so ADDY smelters can be rewarded SportX over the next 30 days. Adamant has also added a new boosted vaults: SX / WMATIC.
Read HERE about the Adamant x SX partnership!
How To Use The Furnace
Go to the ‘Furnace’ page and find the ‘SportX’ dashboard
Click the SportX Dashboard to see more info
Here you will find the return on investment percentage (ROI), what exactly you will earn (SportX), 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%.