It was the 8th of this month when Crypto.com launched Cronos Mainnet Beta and brought the new era in EVM scheme and DeFi. Then about 9 days ago, VVS Finance appears in crypto.com DeFi wallet. There you have its native token VVS and a few more, but this is a post about VVS only. Here i will explain as simple as i can, how can someone stake VVS in a few minutes time and earn huge APY. But first things first.
First of all, you better have a crypto.com account (my referral number is: 0yzr3mv04g which you can add just on the first screen of the app after you download it and we both get 25$ bonus in CRO which is their native token.) When you get the app, the procedure is fast and straightforward: you confirm your email address, then your phone number and then prompted for id verification, in which you need your national id or drivers licence or passport. Then you need to put a 6 digit passcode. For extra security, you must create in settings an antiphishing phrase, then enable biometrics and add 2-factor authentication. (I prefer the one from Google, which is google authenticator. You download it and you need to paste the code from the crypto app and you are set. Every time you need to withdraw crypto you will be prompted to write the code for extra security.) You get over this in about 30 minutes max these days. When accepted, you will see the bonus in your account but it is locked till you order a card (tiers with different perks are 350, 3,500, 35.000 and 350.000 euros). The card can be topped up from your traditional card without fees, from your fiat wallet or with selling crypto. In fiat wallet, you get to open a bank account in Lithuania so you can send money there with SEPA. There is the visa/MasterCard option for immediate buy and the first 30 days its free of fees. The application is the easiest in the market so every newcomer can get ahold of it easily. (I won't tell you anything about the exchange cause it is a different thing). That's the first step. https://crypto.com/eea/
Second of all, you need to get crypto.com Defi Wallet. When you download it, it will ask you to put a 6 digit passcode, enable biometrics and enable 2-factor authentication (the same procedure as i wrote above). Then you have to write down your paraphrases so if you accidentally delete the app that you can open your wallet. Then you name your wallet and choose an icon for your profile. When done the wallet is ready. You scroll down and you see a box with which you connect the wallet with crypto.com app and you click it ( the procedure is easy and fast: it prompt you to write the email address you use with crypto.com app, then it send you an email, you verify it, you write the passcode of crypto.com app and then you click the link and you are set). That was step two.
Now the final step for your investment: You need to buy CRO from crypto.com app and send them to crypto.com DeFi wallet which is very easy (you buy CRO with your card, then go to the crypto wallet, then choose to withdraw, then choose crypto.com DeFi Wallet, you enter the amount and you send them). Then you will see them almost imediately in your crypto.com DeFi wallet balance. Scroll down in the app and choose bridge to cronos network, then choose how many CRO you want to bridge, just remember to leave a few fore fees. When bridge is done, scroll where it says about VVS and click there. Then you will see the CRO in your wallet in VVS Finance, go down to trade, put the amount of CRO you want to trade (leave some for fees), choose to trade them for VVS and do the swap. Then the last thing to do is to go down where it says earn, choose mines and in auto mine enable contract. Then you stake the amount you want and you are all done.
I hope that i was clear enough for the newcomers mostly and been able to shed some light. So happy APY and good luck to all.
