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LP Staking

Players can earn passive income by providing liquidity to the BITS and OIL pools on decentralized exchanges, like QuickSwap.
Below you can read all the guides on how to add liquidity to BITS and OIL and explore the full breakdown of reward formulas.

Liquidity Provider (LP) Staking Rewards

Cryptobots is incentivizing liquidity for the BITS and OIL tokens by giving rewards to users that stake BITS-USDC UNI-V2 LP tokens.
The initial rates of rewards are set at 0.4555415222859 BITS per block for LP stakes for the liquidity program. We will be discontinuing the Liquidity Rewards Program at Polygon Block 36860449 and3 8157627 leaving 0.318879 and 0.04555414286 BITS per block. Current Polygon End Block is 38559029. We will assess the performance and requirements of a further liquidity program.

How are liquidity provider rewards calculated?

User A’s LP rewards per block are calculated by the following formula:
Example: BITS-USDC LP UNI-V2:
User A stakes 1 BITS/USDC LP token on Day 3
The total amount of total staked BITS/USDC LP tokens is now 10
Based on the above, User A would receive: 1/10*0.4555415222859 = 0,04555 BITS per block (~1865 BITS per day)

Adding Liquidity to QuickSwap V2

First, visit QuickSwap and navigate to the pool for liquidity provision page for QuickSwap V2.
To add BITS/USDC UNI-V2 LP:
  1. 1.
  2. 2.
    Connect your wallet and click on Token1 and click “Select a token” and search for BITS.
  3. 3.
    Enter the BITS address: 0x10Ef8736545726eFdD086DdE8311c4DDDFBEB9f2 and click add for BITS. If you have not yet imported BITS into QuickSwap, you can do so by clicking "Import" after you search for it.
  4. 4.
    Enter the number of BITS and USDC that you would like to add to liquidity. You will need to approve QuickSwap to spend your BITS and USDC tokens, and then you can add liquidity to the pool.
Once you've completed this, you will receive BITS/USDC UNI-V2 LP in your wallet. These can be used to stake on Cryptobots.
To add OIL/USDC UNI-V2 LP:
  1. 1.
    Go to OIL QuickSwap Page​
  2. 2.
    Connect your wallet and click on Token1 and click “Select a token” and search for OIL.
  3. 3.
    Enter the OIL address: 0xcA80bfcb11937797896f6EA3fcc70A4d1e2528c6 and click add for OIL. If you have not yet imported OIL into QuickSwap, you can do so by clicking "Import" after you search for it.
  4. 4.
    Enter the amount of OIL and USDC that you would like to add to liquidity. You will need to approve QuickSwap to spend your OIL and USDC tokens, and then you can add liquidity to the pool.
Once you've completed this, you will receive OIL/USDC UNI-V2 LP in your wallet. These can be used to stake on Cryptobots.
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