ETHStaker walk-through to Staking GHST to Matic Rewards and LP tokens with Quick

Transcript

hey so i'm superfizz i am here with some of my buddies pac-man umbedica and logic beach because none of us have real names um what we want to do today is look at uh so let me share this blog post real fast or the i guess i need to share the uh header for it okay so i came across this blog post farmers almanac almanac the ultimate guide to reaping ghost to matic rewards and i'm going to be the first to admit that none of these words make sense to me like i have heard of matic i know a little bit about ave i know less about ave

gotcha i know nothing about ghost nothing about quick so wow herman felker do you want to get started and read the beginning of this blog post for us sure and so to everyone else we're going to read through because we haven't really done it uh and then once we've gone through it then we'll begin to apply or maybe we'll do some things on the way um but please don't assume we have any of this planned out we truly do not get it yet and so that is why we're doing this so starting january 29th more than a hundred thousand usd worth of ghost quick and medic will be distributed to ghost and ghost dash quick stakers so avagachi is launching this february on the matic

network uh it's the ultimate nft friendly side chain to ethereum so that means it's time to get your familiar to get you familiar with using metamask on matic and bridging your ghost over especially because from january 29th through february 12th over 100 000 usd worth of liquidity incentives on ghost medic and quick tokens are waiting to be farmed bridging over to matic has never been easier thanks to our just launched avagache.com bridge but today we're providing a step-by-step guide for every migration question you may have all right it looks like there is two different ways of doing this they give an easy mode versus an advanced mode um

there may be more of an incentive to do to go through the advanced mode it definitely looks that way so let's start with the two main farming options available once your ghosts have already reached matic so the easy mode is staking ghost for friends points plus 30k usd worth of customatic tokens that's the incentive for the easy mode it looks fairly simple uh so not to take this over so let's go through the easy mode here let's first visit the stake matic which is this screen here i did connect my wallet already so uh if you're first entering this the only thing that should be different here is uh there'll be a connect wallet and

then uh we need to switch over to the mat network i'll do that you already have 511 spinning rubies drop down manic maintenant so now i think this is where i get i gotta transfer that over right because the see and i've got this is where i get lost because i it says connect to matic i'm on the matic network mainnet it says connected what am i missing please connect to matic matic mainnet i would say that's what i saw many of the first times i'm on matic mainnet

i have 5000 matic in my wallet and i do see an interface that you're not seeing right now but that is the interface that i saw many times try refreshing oh hey that's embarrassing okay no it's not your fault like it i mean uh not to insult anyone but the interface should have picked that up like once you understand the fun complex interface it's probably easy but there's that learning curve for a fun and complex interface and i'm sure no one would call this complex but there are a lot of a lot of things going on so is this

yeah so i think if you approve then you can transfer and then you have 511 main net ghost coins on oh that's loud okay look at that trash and right now gas is 115 so we are probably not doing this in optimal time i got it throughout 95 took like four minutes nice um so there's 64 cents a piece hey did you get your ghost are you in a swap uh me yes okay that's what i just had a failed transaction there so i'm going to try again maybe i bought them all

could have so right now i'm just going to see what this transfer looks like and you're right that was loud as hell yeah wow all right so i'm gonna go through the easy mode which is a sticking ghost for friends points and it gets me a share of whatever this 30k usd worth of ghost to matic tokens so it's fairly simple um i need to move first uh some ghost tokens over the bridge so let me just get this thing out of my way so here's the bridge i already approved it and paid the twelve dollars to approve it and i i'm gonna go ahead and move all of my half-eat worth of ghost over to the matic

side chain i think it is oh yes very affordable great i assume this will take less than one minute all right did we decide that was two you had two eighth worth of ghosts is that what you did half eats just one half and you got a thousand ghosts yes yes all right so now that's bridged over i'm gonna go here easy mode is very easy now that they're bridged over i will just visit this link to stake it looks like i need to

connect to the matic net work move this window log in made a mask account this one oh there we go unstate now it it did take about as long as they said i think it might have only taken five minutes but i can see here i can click that and go ahead and stake my half eats worth of ghost staking and staked very quick and very cheap and so my friend's balance is going up

uh block by block so uh if we sit here a moment we might see your friend's balance go up not that i have any i like i don't even know what it is oh there you go oh yes but free tokens are free tokens right right well i don't know if they're free we probably paid you know whatever in fees to get them uh i can say this has one of one of the similar um similar hurdles to x die and that is that um you have to and loopering i guess may be the same it's that first transaction from getting anything spendable into the network so that you can begin transfers um and so having some kind of faucet

where you could have just gotten a penny worth of matic coins would be very helpful yeah stegmatic connecting yes next connect okay so now it wants me to approve my staking i currently have i can stake my remaining ghost that i have but i don't really care about that i want to stake the ghost quick confirm uh interestingly and it's all done i uh shh maybe a browser difference my uh icon is different than yours where you have

where it says stake ghost and quick lp my dragon looks a whole lot different than yours maybe it's an ansi character or something what are you talking about where up here versus chrome maybe and the purple oh this one yeah it looks significantly different all right it is not showing it's staked so i'm going to refresh it's still not showing at stake first you have to approve and then you you have to stake i think and then okay i keep getting confused about that i want to do the max and do it one more time i i hate these 8-bit sounds that it makes they're so loud metamask is waiting for an approval you must have done it i did bling-bling and i am staked

so we are currently getting rewards um what is and you said now friends balance is here yeah we're gonna forget that we have this here and like not know how to get back to it it's so complicated um so i wonder if zapper fire any of those other liquidity things keep track of this that would be interesting to know i'm sure they will soon maybe if they don't already i don't know no it doesn't look like it for here i don't see it either yeah all right well uh that was fun yep

so what we did was um we took we bought uh coins on maidnet for either quick or matic uh or ghost and then we used a bridge to transfer those to the matic network and then we um we split those in half so half quick and half ghost and we so we may have so i had to shape i have to shift mine using the unit swap interface uh what do we call that unit spot interface quick swap quick swap quick swap so to balance out your ghost and your matic and then you provide you use that same quick swap exchange to

to provide liquidity and then you're left with what looks like a liquidity token and then you can take that liquidity token back to avigachi.com and on avogadro.com if you go to steak ghost no that's not where it is where was it with steakmatic or whatever it was yeah avogadro.com steak dash matic i didn't see how to get there from the first interface um then you can stake those ghost quick liquidity provider tokens and the friends balance will update uh in near real time which is kind of exciting

you can already take your ghost quick lp tokens during friends and ghost cinematic tokens oh that's something about receive your state ghost and quick and then using a contract address and going to quicksop you can provide liquidity i think uh and also earn a share of 1 000 quick daily rewards wait where do you think that i don't think you did that that's just i have not done that part there's nothing you can do okay let's take a look at that um what is this thing return to the quick stop is quick swap exchange and deposit your quick receipt tokens for the 1000 every day all right so let's go ahead hold on let

me uh get back in here i'm gonna i don't know if anybody else has done this ghost quick i haven't done it i totally missed it do a screen share for us i am i think i'm gonna uh go after this is over i'm gonna exit what i did on easy mode and i'm gonna stake and get all these liquidity uh rewards as well because i mean you get friends tokens and liquidity provider uh incentive as well so that's cool so we got to go back to the other website it's back and forth back and forth right uh what was it called it's not statematic it was exchange um what what was it the exchange it is quick swap dot extract i'm gonna have to the tab is it's quick

quick here it is participating pools i have 1 000 per day is currently running this is it this is deposit this do i have it i don't maybe that's not it this is i thought this is the liquidity mining token quick and ghost yeah i don't know max there it is yep okay okay i'm gonna get another half eighth for this because i want to do this as well with this i'm going to go because i already have your daily rewards are 0.322 quick per day with 85 of these lp tokens nice i'm guessing a great final icing on the

cake this thing is so like wound tight that i promise in tomorrow i won't remember how to unwind any of it man this is just like curve where you have to go back and forth they just call them gauges and stuff um you just it's it it's a web it's like uh it's like pyramid schemes on top of pyramid schemes one quick is worth 20 die right now 21 die okay that's cool per day you're making a third of 20 something like seven die i get that we're somehow providing liquidity to build the value in this network but it just seems it's i don't think it's wrong it's just a very convoluted

process it's it's probably much better suited to people who have a thousand each to throw at it right it didn't seem all that confusing setup or the instructions they had looked very straightforward and from what i just saw it looked like everything worked albeit sometimes it took a few minutes in between certain steps oh look you can see it it's it's popping it's ticking in real time the quick that you earn from staking your lp tokens all right oh mine just came up so all you all you did was you staked ghost as well as quick and then that gave you your liquidity provider token to stake here that's right yeah and then

then you have to approve that token to be used by the website and then come back yup see it just ticked again so here's what we should do we should all set a calendar reminder for one year link it to this video on youtube and then come back in a year and see what what things look like okay so before we get off or leave here i want to make sure because i'm not sure if you covered this um this surprise that we found during this process but uh we were or i was given point one maddox as soon as i deposited the ghost or bridged the ghost over so you will get or at least i got some free matic for just joining the network or putting

something well and and i i didn't observe mine but i did see it see you guys have that um it's not totally free because you're still paying the transaction fees so it's kind of a uh we have a word for that a um yeah what's it called when you sub a subsidy will be true but anyways this is the site uh and to add it let's do that real quick like it doesn't already exist custom rpc network name matic well let's be legitimate here just copy the rpc address and this is going to go away because i didn't do that right one second one extra second

i said come back in a year this is really a two-week thing yeah is it not a it's a two weeks it is currency symbol i don't know i think it's just matic and block explorer which is optional but useful is here as well really this is just copying pasting it's very simple to set this up i didn't use the recommended one but hey oh and it's telling me i can't do this because i already have it but you would hit save boom it'd be there and then you oh not stego tricks that's for me uh yeah and then it would just appear down here and click on it all right all right thanks for showing thanks for

uh recording michael thanks for hanging out patrick and i hope somebody got some use out of this i learned a lot so thanks everyone