Classroom

BarkX Liquidity Mining Guidebook

0: Get Ready

Open https://pool.barkx.xyz using a wallet browser
Connect to the correct blockchain "Arbitrum One"
Ensure there is ETH in the address to pay for on-chain transaction fees (GAS)
Prepare brand new Vector Nexus (VN) and USDT assets

1: Start Mining

Initially, you must deposit at least 1 VN to gain the initial mining power space support, thereby activating the mining pool service.

Open the side navigation menu and go to "BarkX Pool"
In the "Deposit VN" function, complete "Approve VN" and "Approve USDT"
In the "Deposit New VN" input box, enter the amount you want to deposit, with a minimum value of 1
In "Bonus to Deposit", preview the amount of BARKX you will be gifted and used to generate LP
In "Pairing with", preview the amount of USDT used for pairing to generate LP
Click "Deposit VN + LP" and complete the on-chain confirmation
Receive the deposit completion prompt

What happened: When each brand new VN is deposited into the mining pool, 100 BARKX is automatically gifted. Based on the BARKX price at this time, you need to provide the same value of USDT. Assuming the exchange rate of BARKX is 1 USDT, you will provide 100 USDT to pair with 100 BARKX, and the smart contract will automatically generate 0.0001 LP.

Where the assets go: BARKX and USDT enter the Uniswap V2 liquidity pool, while VN and LP enter the BarkX mining pool.

Lock-up duration: VN and LP will be locked in the BarkX mining pool for 360 days.

2: Increase Mining Power

In the previous step, you deposited 1 VN. To fully utilize the mining power space supported by VN, you can manually generate more LP and deposit it into the mining pool to expand your mining power.

Check asset requirements

At the bottom of the "BarkX Pool" page, click "Estimate"
In "LP Estimation", understand the scale of asset allocation required to fill the space

Generate more LP

Open the side navigation menu and go to "Liquidity"
In the "Add Liquidity" function, complete "Approve BARKX" and "Approve USDT"
In the "Token A" input box, enter the required BARKX asset allocation amount you learned from the "LP Estimation"
In "Token B", preview the amount of USDT used for pairing to generate LP
Click "Add Liquidity" and complete the on-chain confirmation
Receive the generation completion prompt

Deposit LP

Open the side navigation menu and go to "BarkX Pool"
Switch to the "Deposit More" function and complete "Approve LP"
In the "Deposit LP" input box, enter the amount you want to deposit; you can try "100%"
Click "Deposit LP" and complete the on-chain confirmation
Receive the deposit completion prompt

Where the assets go: BARKX and USDT enter the Uniswap V2 liquidity pool, while LP enters the BarkX mining pool.

Lock-up duration: LP will be locked in the BarkX mining pool for 24 hours.

3: Claim & Compound

Every day at 00:00 UTC, the BarkX mining pool calculates the LP inventory over the past 24 hours and distributes BARKX rewards to all nodes.

Switch to the "Rewards" function
Path 1:
- Select "Claim to Wallet" and complete the on-chain confirmation
- Receive the claim completion prompt
Path 2:
- Select "Compound" and complete the on-chain confirmation
- Receive the compound completion prompt

What happened: When you choose to compound, the smart contract automatically sells half of the BARKX rewards into USDT, pairs it with the other half of the BARKX rewards to generate new LP, and automatically deposits it into the mining pool to expand your mining power.

Lock-up duration: LP will be locked in the BarkX mining pool for 90 days.

4: Withdraw & Remove

No fees will be charged for either withdrawing assets or removing liquidity.

Withdraw Assets

Switch to the "Withdraw" function
Click "360 Days", "24 Hours", or "90 Days" to view unlocked deposit records
After checking the assets you intend to withdraw, click "Withdraw Selected" and complete the on-chain confirmation
Receive the withdrawal completion prompt

Remove Liquidity

Open the side navigation menu and go to "Liquidity"
In the "Remove Liquidity" function, complete "Approve LP"
In the "LP Token Amount" input box, enter the amount you want to dismantle
Click "Remove Liquidity" and complete the on-chain confirmation
Receive the removal completion prompt

What happened: When you withdraw assets, the BarkX mining pool sends you VN and LP, reducing space support and mining power. When you remove liquidity, the Uniswap V2 liquidity pool sends you BARKX and USDT, and destroys the LP.

5: Graduation

Congratulations! You have successfully completed the BarkX Liquidity Mining Classroom.

Next Steps: You are now fully equipped to maximize your yield efficiency. Head over to the BarkX Pool to apply what you've learned and start earning rewards!