GOUDA is the native currency to CowSwap. It's required to participate in most of our initiatives, liquidity mining campaigns, and liquidity pools.
🧀 Happy GOUDA Cheese 🧀
How do I connect my wallet to CowSwap?
To connect the wallet, the Cowboys must click the "Unlock Wallet" button in the upper right corner of the CowSwap platform. Then find the wallet you want to connect to CowSwap and click "Connect". After you approve the connection, your wallet is easily connected to Cowswap!
What is the difference between staking and farming?
STAKING: In order to stake your GOUDA you don't need anything else than GOUDA.
FARMING: In order to farm you need to provide liquidity to one of the pools on the farming page and then stake your LP tokens.
Both have their own advantages and disadvantages. Which one you choose is up to your strategy.
How can I stake GOUDA?
You can stake your GOUDA on the "Pools" page by clicking on the little "+" sign after accepting the contract, choose the amount you want to stake and confirm.
In order to farm, you first have to provide liquidity to one of the liquidity pools which you can find on the "Farms" page.
After you add liquidity to a liquidity pool, you will receive a liquidity pool token, commonly referred to as LP tokens, or in CowSwap's case, and GOUDA-LP.
After providing liquidity and receiving your LP tokens, select the liquidity pool you joined from the "Farms" page, approve the contract and then click on the little "+" sign, choose the amount you want to stake and confirm.
Of course you can trade (Buy/Sell) the NFT MAGIC in CowSwap's NFT Market (coming soon) or in any NFT Market on the BSC!
2.
You can even stake NFT Magic to earn $GOUDA.
3.
Or you can use it to spin the "Big Jackpot" in Lucky Draw! Each NFT Magic will be able to spin 10 times for the "Big Jackpot". Once spinned, the NFT will no longer be in your wallet.
What can I do with CowSwap's NFT Market (coming soon)?
1.
You can stake your NFT to earn $GOUDA.
2.
You can trade one NFT to other NFT.
3.
You can do auction for your NFT.
4.
Interesting part is you can create your own NFT and sell it here.
5.
Set your NFT as your profile avatar!
6.
You can use a common NFT to level up your NFT (will let you know how in future!).
7.
You can add up NFT to make it a stronger NFT.
And much more. This is such a treasure. Stay tuned!