Yield Farming with CoFiX

What is CoFiX?

CoFiX is an AMM protocol for swapping tokens and any user can become liquidity provider for a CoFiX pool by depositing tokens. $CoFi token is a native token of CoFiX that is granted for swapping and can be deposited for getting rewards in ETH. XToken is LP token which is obtained for providing liquidity to the pools.

How to Swap in CoFiX?

1.Connect your Huobi Wallet to CoFiX via WalletConnect. Enter ‘Swap’ and select the trading pair you need, currently CoFiX supports ETH, USDT and HBTC. Enter the desired amount.

2.There is an expected amount of $CoFi token you will earn by swapping. Click ‘Swap’. Confirm the transaction in your Huobi Wallet.

• Please note there is an oracle fee of 0.01ETH per interaction.

How to Provide Liquidity to the Pool?

1.Enter ‘Pool’ and click ‘Add Liquidity’. Select the liquidity pool. CoFiX currently supports ETH/USDT and ETH/HBTC pools.

2.Enter the desired amount for both assets (it can be any ratio). You will receive LP tokens called XToken (expected amount is shown at the bottom). CoFiX will automatically stake XToken. You can decline it by unticking ‘Deposit XToken to get CoFi’. Click ‘Add’, approve the transaction in your Huobi Wallet and subscribe.

*Please note there is an oracle fee of 0.01ETH per interaction.

3.Once you have successfully subscribed, you can see expected earnings. You can remove liquidity ay time by clicking ‘Remove’.

How to Use Income Pool?

Once you have earned some $CoFi tokens, you can deposit them to receive rewards in ETH.
1.Tap ‘Dividend’, enter the desired amount and click ‘Deposit’, approve the transaction in your Huobi Wallet.

2.Once the system generates enough ETH reward, you can claim these ETH by clicking ‘Claim’.

*Please pay attention that every financial operation and decision has a potential investment risk, when making an investment think carefully, do not take any impulsive decision.