Good news for Safemoon holders who want more yield. If you are bored by just only holding the token, why not try to start yield farming with your Safemoon token.
You might not believe it but it’s true.
Foodcourt.Finance has established a new farm for Safemoon holders.
The SafeMoon is a community-driven, fair launched DeFi Token that employs Reflection + LP acquisition + Burn as functions.
HERE, You can start yield farming on Foodcourt to get more COUPON tokens. Also, the platform offers many use-cases which you can read in detail on Foodcourt’s official gitbook.
This looks pretty interesting for Safemoon holders.
You might also be curious about moving tokens on your wallet will cut tax in every transaction.
But the FoodCourt’s innovative dev team has devised a solution for that as well. You can wrap your token and then, create a new wrap token. FoodCourt has claimed that it is free to move wSAFEMOON token for now.
Wrapped yield farming
First of all, we need to start wrapping our Safemoon token by going to this link. You will get rSAFEMOON token too. For more detail about this token, you can visit FoodCourt’s gitbook on rewards which will lead you to the page showing the following screenshot:
Next, we need to bring BNB and wSAFEMOON to add Liquidity as directed in the screenshot below:
After successful liquidity addition, we will receive the wrapped token as shown in the screenshot below:
Now, the next thing to do is to deposit LP token by navigating to the FoodCourt’s Farms page:
This is highly beneficial news for Safemoon holders. The innovative approach from FoodCourt.Finance has made yield farming easier for Safemoon holders by providing the wrapped yield farming mechanism. It is always great to have an additional way to earn more on tokens. That’s why we can put out faith in FoodCourt.Finance.