Wrapped Zero (wZER) on YieldFields.Finance
We’re thrilled to announce that wZER is now listed for exchange and yield farming at https://yieldfields.finance/ on the Binance Smart Chain (BSC)!
As a privacy-focused coin and community, Zero is excited for this new development in ZeFi!
Zero already protects users’ anonymity through zk-SNARK shielded transactions when moving ZER onto and off of the BSC. Decentralized exchanges (DEXs) like YieldFields enhance privacy while letting you stay in complete control of your private keys and funds, unlike centralized exchanges (CEXs).
There’s no need to complete Know Your Customer (KYC) verification to exchange wZER on YieldFields, and DEXs like YieldFields don’t require you to send funds to addresses you don’t control to exchange ZER.
ZeFi is all about:
- Maintaining privacy when you move ZER into ecosystems like BSC
- Accessing DEXs that let you stay in control of your funds when buying or selling wZER
- New DeFi opportunities like yield farming with wZER!
If you have wrapped ZER to the BSC, then you have already encountered the YieldFields team — they run wrapping.services where you exchanged ZER for wZER!
If you are new to wZER on the BSC, this guide covers how to set up a wallet on the BSC and how to wrap/unwrap ZER:
With funds on the BSC, you’re ready to buy and sell wZER. Connect a supported wallet like MetaMask or the Binance Chain Wallet, and then click on ‘Exchange’.
wZER is listed right there in the drop down menu so that you can exchange it for USDT, BUSD, BNB, and many other options.
Select wZER in Drop Down Menu
In addition to exchanging wZER, you can also earn a percentage of transaction fees by providing wZER/BUSD liquidity. You can then stake the liquidity provider tokens you receive for extra rewards!
Click on Liquidity in the Menu or Here
When you click on ‘Add Liquidity,’ select wZER and BUSD in the drop down menus to get LP tokens you can stake.
Add wZER and BUSD to get LP Tokens
Once you have wZER/BUSD LP tokens, you can stake them to earn FIELD tokens in the wZER/BUSD Farm. Click on ‘Farms’ to get started.
Check out that APR!
After you stake LP tokens, you’ll be able to click ‘Harvest’ to collect your earned FIELD tokens.
You can exchange earned FIELD for wZER, BUSD, or any other tokens supported on YieldFields. Then, you can add more liquidity and stake it to compound your earnings!
You can also stake FIELD on the ‘Pools’ page to earn more FIELD or the other tokens listed there.
Happy Yield Farming!
Originally published at https://medium.com on May 31, 2021.