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The Staking Pool from Grizzly.fi
The Honeypot is the pool where you can stake your GHNY tokens. Here you will receive more GHNY tokens + BNB as rewards.
The APR in the Honeypot can fluctuate because it depends on how much revenue is generated on the Grizzly.fi platform. The more people use grizzly, the more revenue is distributed in the Honeypot and the higher the APY.
The longer the project goes on, the fewer new token get minted. With rising TVL (Total Value Locked) on the platform, the revenue-share gets more lucrative. Therefore, it is smart to accumulate as much GHNY in the beginning, since the token will get more scarce and the use cases will increase.
You can acquire GHNY tokens in several ways:
- By participating in the launch
- By buying the token on Pancakeswap
- By Liquidity Mining with standard or grizzly strategy.
- (later): By buying on a central exchange
Once you have purchased GHNY tokens, they are stored in your wallet. By connecting your wallet to the Grizzly.fi platform, the platform will recognize your amount of GHNY tokens and you can deposit them into the honeypot.