The guide below will walk you through each step of this workflow, allowing you to put your $PAR to good use in new liquidity pools.
The high level
The goal of this guide is to help you get started with all platforms and programs recently launched on Polygon with $PAR.
- We’ll start by opening a wBTC vault in Mimo and minting $PAR
- Deposit $PAR into the new Curve 4eur pool to get the LP token: 4eur-f
- Mark out 4eur-f in Jarvis’ 4eur DEN-0121 Liquidity Mining program
- Or we can add liquidity to KyberSwap and use Harvest to automatically farm into DEN-4EUR
The process is easier than it sounds once you follow this guide and video that walks you through the entire process.
Step 1: Open a Mimo vault
Mimos safes are all yours. Give the protocol your crypto assets (wBTC, wETH or USDC) and as a result you get a fully decentralized stablecoin pegged to the euro.
We will start by opening a vault – in this example we will use wBTC as collateral for the vault as it currently offers the highest APY. After you create the vault, deposit your cryptoassets, and mint $PAR, your vault should look like this.
In this example, we’re going to mint 131.36 $PAR, which we’ll use to fund all subsequent steps in this tutorial.
Step 2: Deposit $PAR into Curve.fi’s 4EUR pool
Navigate to Curve’s 4EUR pool on Polygon and select the amount of $PAR you wish to deposit. After going through this confirmation you will receive liquidity pool tokens which we will use for staking in the following steps.
Step 3: Add liquidity to Jarvis using LP tokens
Navigate to Jarvis’ DEN-0121 Liquidity Mining program and select “Add Liquidity” with the amount of tokens you wish to stake.
Ultimately, if you wish to participate in Harvest.finance, skip this step and go to step 4.
Step 4: Add liquidity to KyberSwap using LP tokens
Navigate to KyberSwap’s 4EUR-F/DEN-0121 DMM and add 4eur-f token here.
This serves the purpose of Step 5 where we will invest in Harvest. as outlined here.
Step 5: Deposit and Stake for Harvest Bounty
Navigate to Harvest.finance and select the maximum deposit amount of jarvis_DEN_4EUR.
After depositing, make sure to wager all fjarvis_DEN_4EUR to get the maximum reward.
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