Carts full of bling bling – Glitter Mining with VVS and CRO
VVS Finance — the simplest DeFi venue for everyone – VVS is designed to be the simplest DeFi platform for users to swap tokens, earn high yields, and most importantly have fun!
- Bling Swap: Swap supported tokens at low fees and fast speed. Supply liquidity by providing a pair of assets, receive Liquidity Provider (LP) tokens as proof of ownership, and earn proportionate 0.2% transaction fees whenever the pair is traded.
- Crystal Farms: Stake your LP tokens to receive VVS rewards. We value your platform patronage and want to shower you with shiny bling bling.
- Glitter Mines: Stake your newly earned VVS tokens to receive even more VVS. Stake, forget, and collect! Low risk, maintenance-free passive income for your coffers.
In this guide I will show you how to use Crypto.Com CRO to Glitter Mine VVS.
Getting Started with the bling-bling
VVS is a Decentralized Application and as such the platform uses a non-custodial Crypto Wallet. The Crypto Wallet holds your assets and each time VVS needs to perform a transaction on your behalf, it will need to be confirmed on your wallet for security reasons.
I am personally using Metamask as it integrates easily into the browser. Alternatively you can also use Crypto.com DeFi Wallet. Although you can use almost any crypto-token, I suggest that you use Crypto.com CRO as native CRO tokens are substantially lower in gas transaction feeds compared to ERC-20 tokens.
Also the Crypto.com ecosystem has many more benefits: I would appreciate if you use my referral during signup: Crypto.com Visa Debit Card with Cashback and 100% rebate on Netflix, Spotify & Amazon Prime.
⚠️ Careful: Most wallets will use a seed-phrase. Never-ever-ever-ever paste the seed-phrase into a browser, give it to someone or expose it in any way. If it gets in the wrong hands or you lose it, your Metamask-wallet is gone!
Transferring CRO and doing a “Bling Swap”
Before you become a Glitter Miner you will need to convert crypto into VVS. In my case I transfer CRO from my https://crypto.org/desktopwallet to Metamask (I am using the MacOS Desktop DeFi app as it is more convenient than the iOS app): Via the desktop app this is fairly simple:
- Go to “Cronos Bridge”
- Select From “Crypto.org Chain” to “Cronos Beta“, select CRO as currency and enter the amount
- Copy the Cronos Mainnet address from your Metamask wallet and select “I want to send funds to a custom destination address”
- Enter the app password, verify the details and confirm
You will see that the transfer of CRO is almost instant and does not cost as much as a traditional ETH transfer. Once your funds are in Metamask, we now want to use the Bling Swap via https://vvs.finance/swap to exchange our CRO into VVS:
- Enter the amount of CRO you want to Swap
- Select VVS as a currency
- Review the swap and confirm the transaction in Metamask
- Wait a few seconds until the transaction is confirmed and VVS displays in your wallet
The last step is to mine your VVS and restake – for this you go to https://vvs.finance/mines and then Enable staking and add your funds:
With the “Auto” option any funds you stake in this pool will be automatically harvested and restaked (compounded) yielding a higher ROI for your funds for a small convenience and performance fee.
Leveraging your staking with Binance Locked Staking
If you really want to maximise your Glitter Mining, you need to have a Binance account (or use my referral and you and I earn each 10% on our trades). Once you have signed up, you will need to purchase AXS and then visit “Binance Locked Staking” and stake AXS for 30 days with a 110% APY:
The return is paid out daily, you will then take the earned AXS staking income to either re-stake into Binance or (what I do) convert to USDT, send it to Crypto.com, convert it to CRO, send it to the DeFi wallet, then bridge it to Cronos as I have explained above in order to swap for VVS. It is a hamster wheel, I tell you 🙂
If you find my crypto articles valuable, then do me a favour:
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Also go to Curve.com to add your Crypto.com card to ApplePay (and get 1% cashback)
* To get the $25 Bonus, you must Stake at least 5.000 CRO in the app.
I’m not a professional investment advisor and the above information is not an investment suggestion, only a guide to help you. Always keep in mind that investment = risk! Especially when we’re talking about cryptocurrencies, which are incredibly volatile! Only invest money you’re willing to lose!
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