How to Use VVS Finance Yield Farming on Cronos Chain and Earn 40% APY on CRO-USDC LP

I will show you how to Yield farming on VVS Finance on Cronos Chain and Earn 40% APY on CRO-USDC liquidity pools.

What is VVS Finance? VVS is a simplest DeFi platform for users to swap tokens, earn high yields. VVS Finance used native VVS is a CRC20 Token native to the Cronos Chain. VVS and xVVS tokens are VVS Finance's native tokens. They are the utility, governance, and reward tokens with applications throughout the VVS platform.

xVVS is VVS Finance’s yield-bearing governance token. You can only get xVVS by staking VVS Deposit in to xVVS Vaults to earn more VVS

CRC20 tokens for trading: CRC20 is a token protocol closely resembling Ethereum's ERC-20 for interoperability Except for Native CRO, all other tokens are CRC20 tokens Tokens native to other blockchains are wrapped into CRC-20 tokens (eg. WBTC, USDC, ETH)

Cronos (CRO) Token Bridge Cronos is a project based on Cosmos SDK. So it is interoperable with Cosmos ATOM chain. The Cronos Bridge can be found at https://cronos.org/bridge. The Cronos Bridge is a inter-blockchain bridge to transfer assets from other blockchains to and from Cronos.

Currently, the bridge only supports Crypto.org Chain, Cosmos, and Akash chain to Cronos for CRO tokens. However, the Ethereum to Cronos bridge will be coming soon and it will support ETH, WETH, WBTC, USDC, USDT, DAI at launch.

Elk Finance Bridge to Cronos Learn how to use Elk Finance Bridge to bridge dozen chains into Cronos chain. I will use Elk Finance to Bridge Tokens in Fantom chain to Cronos chain. Go to app.elk.finance. Elk Finance supported Bridging chains are Arbitrum, Avalanche, BNB, BitTorrent, Elastos, Etherum, Fantom, Fuse, Gnosis, Heco, HSC, Hamony, IoTeX, KCC, Kava, Moonriver, OKC, Optimism, Polygon, and Telos. I am going to connect my Metamask wallet. First, I am going to Swap Few Fantom tokens into ELK tokens at $0.12 each. According to Elk Finance's Cross-chain Transfers called ElkNet, transfer fee to Cronos is 2 ELK tokens. So, I am going to have more than 4 ELK tokens on my wallet. Only supported Transfer tokens is ELK. Click Swap $ELK 1 for gas. All you do this bridge is to make sure you have CRO tokens on Metamask wallet to pay for gas fees. The transfer is very fast. It takes only few seconds as soon as the transaction is approved it shows up on the Cronos chain. Switch your Metamask wallet to Cronos Chain inorder to see your bridged CRO tokens in Cronos chain from my Fantom chain.

Swapping tokens to create liquidity VVS Finance You can use VVS finance or PhotonSwap Finance. Just like VVS Finance. In this video, I am going to use VVS Finance. Go to vvs.finance . I am going to connect my Metamask wallet to the VVS chain. You can connect native CRO wallet as well. As soon as I connect Metamask wallet into VVS. It says wrong chain. I have been keeping my Metamask wallet on Polygon Chain. Click on Wrong Network button. Click Switch to Cronos Chain. Metamask will ask for Allow this site to add a network. Click Approve. This will add Cronos chain as a supported chain to Metamask. I am going to swap half of my CRO tokens for USDC. I am going to deposite equal amount of CRO and USDC. I am going to Trade and click Liquidity. I am going to deposit to CRO-USDC liquidity pool.

Creating liquidity on VVS Finance Go to VVS Earn. Click on Farms. I am targeting CRO-USDC currently at 41% un boosted and 50% with boosted. Click on the left link that says Get CRO-USDC LP. Here you need to deposit equal amounts of CRO and USDC. If you do not have equal amount, you have to manually swap one to the other. I prefer the Flash CRO-USDC LP link on the left. I can deposit directly my CRO and it will convert equal amount of CRO and USDC and deposit it.

Staking Liquidity in Farm on VVS Finance Next, I will show you how to stake liquidity in the farm in VVS. Without staking LP tokens, you will not earn those juice 40% APY farm rewards in the farm in VVS. Last step we created CRO-USDC Liquidity token. Now we going to deposit it into this CRO-USDC farm. First you need to enable farm. Click Enable and pay CRO gas. Make sure you keep at least 5 CRO tokens for Gas. So when you are depositing CRO with Flash method into the CRO-USDC tokens in previous step, make sure to keep at least 5 to 10 CRO tokens for gas fees.

00:00 Introduction Cronos Chain 01:41 Cronos (CRO) Token Bridge 04:43 Elk Finance Bridge to Cronos Chain 05:57 Swapping tokens on VVS Finance 06:53 Boost Calculator on VVS Finance 07:53 Creating liquidity on VVS Finance 08:21 Harvesting rewards and un-staking on VVS Finance 09:04 Swap VVS rewards back to CRO 09:25 Risk and Rewards on VVS Finance

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