DeFi Hotspot: Carrot Mining Tutorial (TRON)

This tutorial is only an operation guide for DApp on the TokenPocket wallet side, and does not represent TokenPocket's investment advice. Investment is risky, and you must fully understand the risks and make investment decisions by yourself.

Project Introduction:

Carrot is an experimental protocol based on the most exciting innovations in programmable money and governance, initially targeting $1 per CRT, it employs a fair distribution mechanism to incentivize key community members to actively master governance .

The total lock-up volume of the DeFi protocol on the Fantom chain is 7.06 billion US dollars: Jinse Finance reported that according to DefiLlama data, the current total lock-up volume of the DeFi protocol on the Fantom chain is 7.06 billion US dollars, an increase of 4.64% in 24 hours. The top five locked assets are multichan ($3.24 billion), SpookySwap ($1.5 billion), GeistFinance ($845 million), Scream ($665 million), and Curve ($556 million). [2022/1/15 8:50:16]

CRT is not based on a part of the resources allocated to the founding team, but in the spirit of YFI: no pre-mining, no founder shares, no venture capital interests, and equal opportunity equity allocation to attract a wide range of people with the same vision A community of people to govern the protocol and the future of the token.

OKEx data report for June: the trading volume exceeded 200 billion US dollars, and the launch of COMP helped the DeFi market: According to OKEx CEO Jay Hao Weibo: OKEx’s cumulative trading volume in June exceeded 200 billion US dollars. Product optimization and system upgrades were performed 21 times, and 13 new actions including ETH options and EOS options were completed. At the same time, the popular project COMP was launched to continue to help the development of the DeFi market; OKB ecology added 6 well-known institutions and global ecological cooperation The number of partners has accumulated to 65; delivery and perpetual contracts continue to have zero allocation, and the cumulative amount of risk reserves is 103,031,583 USD. [2020/7/3]

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Cao Yin of the Digital Renaissance Foundation: The name of DeFi is misleading. Cao Yin of the Renaissance Foundation stated that the name of DeFi is somewhat misleading, and that decentralization is not the purpose of DeFi, but only a means. DeFi does not specifically refer to a technology or a type of product, but a social movement and trend of thought. It is a transparent financial product that uses open source software and a decentralized network to transform financial products into trustless intermediaries and central operations. Financial agreement movement. The advantage of DeFi is not decentralization, but non-permission, intermediary, automation, from P2P to P2C, Peer to Contract, which removes the risk of counterparties in traditional finance. [2020/4/30]

Tutorial:

1. Open the TP wallet, click [Discover] at the bottom, and open [Carrot] in the new product area or search-ethexc on the top to open it.

2. After opening the DApp, [Statistics] is displayed by default, and all menu keys are integrated in At the top, you can use or view it according to your own wishes, click [Farm] here to enter the mining interface. Here we take JST mortgage mining as an example to introduce.

3. [Approve JST] is required for the first operation. After the authorization is completed, you will see a [+ and -] function key, where you can increase or decrease the number of mortgages.

4. For the first operation, select the plus sign, set the amount of JST that needs to be deposited, and click to confirm that authorization is required. After completing the authorization, return to the JST mining interface and we can see that the JST with the amount we deposited shows that it has been mortgaged. When you need to harvest carrots, it is best to click [Harvest] first, and then click [Harvest and Unstake] at the bottom if you exit mining.

5. In addition to participating in mining to obtain CRT (carrot tokens), we can also exchange for CRT through JustSwap. We only need to open the TP wallet, click [Discover] and open the [JustSwap] token in the recommended position to select CRT. It is best to directly enter the contract address to get tokens, the contract address:

TZ7EvoZdEet2P9E2DKf9CtKf6EAyFwRAS3

This can effectively prevent counterfeit currency.

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