How to use the SCY Fusion Pool on Raydium!
Hey Hey Heyyyy $SCY Fam! We are super excited to have been accepted into Raydium’s Fusion program. What does this mean? Users can provide liquidity to the SCY-USDC pair, in return for rewards in SCY tokens!
Here’s a step-by-step guide on how to add liquidity to Raydium’s Fusion Pools:
Step 1: Go to https://raydium.io/pools/
Search for SCY under the “Raydium Pools” tab and click on click on the “SCY-USDC pair”
Step 2: Add liquidity to the pool
Here, you can enter the amount of liquidity you wish to provide. If you don’t have enough SCY or USDC, check the glossary at the end of this article to find out how to swap SCY to USDC or vice-versa.
After entering the amount that you wish, click on “Supply”.
You will then need to “Approve” the transaction in your wallet.
If your transaction is successful, you will see an “Unknown Token” displayed in your wallet. This is your LP token (Liquidity Provider Token), which is ready to be staked. You will also see your LP Token listed below in the “Your Liquidity” Tab — this will only show if the SCY-USDC was deposited successfully.
Step 3: Stake your LP Tokens
Click on the “Farms” tab on the header and select “Fusion” pools from the sub-tab. You’ll find the “SCY-USDC LP” farming pool. This is where we will be staking our LP Token.
Click on “Stake LP” button, and click on “MAX” to stake all your LP Tokens, and then click on “Confirm” and approve the transaction in your wallet.
Once the transaction is successful, you’ll see the rewards being accumulated, which can be claimed anytime by simply clicking on the “Harvest” button.
How to Swap $SCY:
If you have only 1 asset (SCY or USDC), you can swap 50% of it for another by clicking on the SWAP button on the header.
Choose the “From” asset as SCY or USDC, depending on which one you want to swap from. Click on “HALF” button to swap 50% of your SCY holding to USDC or vice versa. Click on “Swap” button, approve the transaction on your wallet (make sure you have enough SOL for the gas fee) and you should now have enough of both assets to add liquidity to the fusion pool.
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