How to keep track of your assets and earnings on Firebird?
There are many ways to earn passive income on Firebird Finance. These are:
First, if you are earning HOPE tokens on any of the platforms in Firebird Finance, your HOPE rewards show at the start of the page.
HOPE to harvest is the amount of our token you can claim at the time. Press ‘Harvest All’ if you want to transfer these tokens to your wallet.
Pools: A pool is a tool used to add liquidity into a decentralized exchange. Once you have deposited tokens onto a particular pool, in the menu of the pool you can track your earning. These are based on the times that pool is used to Swap tokens.
Farm: Once a person has deposited a token into a pool, he/she gets Liquidity Tokens. These represent the assets currently locked in the pool. The user can take those assets and deposit them in the corresponding farm. Once this is done, the rewards are shown on the Farm’s menu.
Vault: A vault is a dApp in which users deposit pairs of tokens that are then automatically invested using a strategy particular to each Vault and token pair. Once the assets are locked, the rewards are shown in the menu of the Vault.
Stake HOPE tokens: Lastly, a user can stake his/her HOPE tokens and receive mHOPE. As long as the HOPE tokens are locked, the staking contract will generate rewards in USDC. These are shown on the menu:
These are the ways a person can generate passive income on Firebird Finance. It is a complete set of strategies for DeFi users looking to maximize their returns and grow their tokens.
Soon we’ll have more news coming to the Firebird Finance ecosystem. Stay tuned on our channels to be notified of all the development coming:
Firebird Finance Faucet: https://go.firebird.finance/faucet/15A