An Idiot's Guide to Farming with Panther Swap - Part 1 (Old McNathen had a farm. Lee-o, lee-o, lee)

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(Edited)

This is the simplest guide ever to DeFi farming and pools using not Cub, ( I still haven't figured that out yet!) but Pantherswap, where the blurb reads...

The First Automatic Liquidity Acquisition Yield Farm & AMM on Binance Smart Chain

Now, this farming uses the Binance Smart Chain so that means there are no extortionate gas fees to pay, the transaction cost is paid using BNB and the equivalent of a few cents. It's simple and cheap to get started.

So let's go, but before we start, the 'idiot' in the title refers to me of course, as it's my guide, so if anyone spots any errors, PLEASE, pull me up immediately in comments!

So what do we need for this new career in financial agriculture?

1. A metamask account

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Now the thing about the Metamask wallet once you've added it as a chrome extension is that you'll need to manually set up the details for the Binance Smart Chain account.
See where it says 'Ethereum Mainnet' with a green dot at one side and an arrow on the other? Click the arrow and you'll get a pull-down that looks like this...

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Now as I've set-up my BSC network access already, it shows in the menu but in yours, it won't yet so now, click on custom RPC and you'll get the following screen...

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Fill in the following details and click save!

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Don't worry, these details come directly from the Binance Academy

Go back to the pull-down menu and you can now click on Binance Smart Chain and you'll see we are no longer using Eth as the units, it's now in BNB!

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Voila, that's Step.1 sorted. Obviously you won't actually have any BNB listed there yet but we're going to sort that now...

2. Get your Hive ready...

... and go and visit @deathwing's excellent BSC bridge which in the blink of an eye, exchanges your Hive into BNB and dumps them in your Metamask wallet! So scroll down to the bottom of the page as we are doing a Hive to BNB transaction.

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Now as you can see, I'm just playing around and testing it out with 20Hive which is the minimum transaction until I build confidence and understand the whole thing properly. NEVER play around with tokens you can't afford to lose because all the shifting and converting crypto around is complex and there are a million reasons you could screw it up!

Make sure your Metamsk wallet is showing Binance Smart Contracts and copy your address.
The first time you use BSC Bridge, it will ask for permission to connect to your Metamask, so just allow it to do so.

CLICK SUBMIT.....

Remember the screenshot of my wallet and the amount of 0.0017 BNB?

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Bob's your uncle, Fanny's your aunt, you've got some BNB in your Metamask. Give yourself a pat on the back, breathe a huge sigh of relief as you triumphantly realise you HAVEN'T just blown the 20 Hive you earned from making a model of The Whitehouse from a paperclip and Starbuck napkin and you are now the proud owner of some other type of Crypto, have a new wallet and are almost ready to reap what you sow!

But seriously, let's have a break and a cup of tea and get ready for the next step tomorrow!

(Yes, I'm milking it a little as I actually lost a few BNB somewhere whilst teaching myself this stuff. After all, milking is in the dairy and dairies are on farms right?)

Listen up, serious shit. Go slow, do your own research and diligence and if you're unsure about anything. STOP. Go back and think about the processes again before you do anything.

Crypto is about personal banking and personal responsibility, it's all down to you!

Have fun, play around. It's the only way to learn but trust me, if this old idiot can still get his head around this shit, anyone can! I hope this has helped and inspired you to try things out and I have to say thanks to @bozz for highlighting Pantherswap and giving me the confidence to sit down and learn something new to add to my crypto knowledge arsenal!

One final thing, the link to Pantherswap at the top of the page is my referral link, if you don't want to use it, the site is simply www.pantherswap.com

Posted Using LeoFinance Beta



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17 comments
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How is Panther swap doing these days? I ended up moving all of my stuff over to Cub. I didn't like the way the APR was dropping so fast. I figured it was better to go slow and steady. It looks like the price of the token has stabilized a bit and 2500% APR is nothing to be embarrassed of!

Posted Using LeoFinance Beta

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sat at a fraction under 2.5K Apr and the token went from 1.6 to when I bought a few to 2.30 at the moment. Its flakey though, no liquidity. I have about 100Hive in the game thats all but made 4 Panthers already and managed to sell them after 3 attempts lol! its all good fun, clean, scary fun ;-)

Posted Using LeoFinance Beta

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That is awesome! You will be chugging along on CUB before you know it!

Posted Using LeoFinance Beta

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I guess it's the battle of the idiots between the two of us, but since you managed to write this guide, I think I win 🎉🎉

I'm going to try this later on, so you better have part two ready!!!

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(Edited)

Oh nooooo, I feel seriously under pressure now! I have to be honest, if I could, I'd have pulled the little amount I invested out. I'm not sure I feel right about thee farms. I just don;t understand the use case or utility and I like to feel like I 'deserve' reward' not just watch counters rolling over....as a preview to tomorrow, here is the current state of my farms on Pantherswap!

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The token price is going up from the 1.60 I paid yesterday but APR is decreasing from 2750% when I started this! I've actually made 4 Panthers in the almost 2 days AND managed to sell them but there appears to be very little liquidity. I would have chipped it all in except I couldnt get rid of the pairs I tied together because of the liquidity issues....anyway, the Metamask thing is worth setting up just to get on the Binance Smart Chain and the BNB seem to still be climbing.
Oh good heavens, I sound like 'them' now!
Slap me with a wet fish if I ever do anything like this again please!

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This kindergarten noob understand most of what you're saying, so far so good...

I still don't understanding all this pairing thing and why you get over 2000% APR. I'm sure lots of people have written about it, but most lost me from the second sentence. I'm thinking to just shut my eyes and jump into all this. Its all earned from the chain anyway, so if I lose it all, earth to earth, ashes to ashes...

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Ill show the pairing thing tomorrow but what you do is buy equal amounts of the each of the token pairs....so in my farm case, I converted Hive to BNB then used (just under, save some for fees) half the BNB to buy Panther ..then it ties them together and they become PANTHER-BNB LP which if you take them out of the farm, show in MEtamask as a seperate token! These are the ones I couldn't split back due to there being no liquidity so I stuck them back in the farm! Every 2 hours you can 'harvest' your Panther but like everything, there is a small fee to pay! Then the tokens appear in your Panther wallet!

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Finished my tea already. What next?

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Lol...bear with me! They just changed it all from cake swap to their own AMM so I need to get my stake off, convert it and try the new system :-)

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How you feeling now with their recent updates?

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Hello mate, hope youve had a good weekend!
Well, Im rather impressed with the amount of work they've done in a short space of time. I had a helluva job un liquidating and had to get some help from a guy on twitter who told me to manually input the contract address on Cake swap to get the Panthers sorted. Then when I tried to get back into the game, it was busy and everything was taking for an age. I am just going to try again now and see how things go!
The best thing though is removing the reliance on Pancake swap, the rest, we will see!

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Sidenote: well if you know how to do all this, you know how to Cub!

(nice post by the way, I picked up a few.)

Posted Using LeoFinance Beta

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I don't though @whatsup because I couldn't get my Cub onto Metamask.....Am I being stupid or can I just send it to the Metamask address and will it automatically appear? I only have 1.37 but I managed to get it off Hive engine into Trust wallet! It shows in Trust as a BEP20 token! If I just send it to my Metamask address will it just fly there?

Its all so bewildering!

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You do it exactly the same way you are doing panther silly.

go to cubdefi...

connect your metamask wallet the same way you did on Panther.

It will all look basically the same.

You can now trade and swap on Cub.

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Pantherswap, I haven’t heard about this before, I will give it a check out, for some reason I just don’t like using metamask, I don’t even know why, I prefer using other methods like trust wallet. Do you know the devs behind Pantherswap?

Posted Using LeoFinance Beta

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I a, exactly the same as you when it comes to Metamak, I can only think the irrational dislike is that I prefer a more professional-looking design when it comes to my money, not a cartoon fox and amateur hour UX!
As for the devs, no idea mate. I hadn't got as far as to delving into the project, I was just practising shuffling my decks!

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So how am I supposed to respond to the title now? Do I say thank you and admit I'm what you called me or just pretend you didn't mean it?

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