How to get InuBright Tokens ($INUBT) to Mint the InuBright NFTs

How to get InuBright Tokens ($INUBT) to Mint the InuBright NFTs

By Dan | Unibright Unofficial Blog | 11 Jun 2022


There are only two ways to get an InuBright NFT

Mint it or Buy it off someone who minted it. Simple.

In order to mint an InuBright NFT you will need 100 $UBT and 100K $INUBT.

$INUBT is acquired by liquidity mining on the Polygon network (AKA staking your LP tokens)



Step 1 - Have the required tokens on the Polygon network

You will need to have $UBT and $USDC on the polygon network. You will also need some Matic for gas!

Metamask is the easiest way to interact with polygon network.

For USDC there are many options to get your funds to the Polygon network, for example several exchanges such as Crypto.com allow direct withdrawals to the polygon network.

For UBT, you will have to use the official Polygon bridge (or buy it). You may need to click the managed lists to make it so that UBT shows up. Follow the onscreen steps, and if you have any issues consult the guide. Only seek assistance from their official support channels (watch out for fake help!)

Official polygon bridge: https://wallet.polygon.technology/bridge

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Step 2 - Add the current Arrakis USDC/UBT pool


Arrakis is a platform that builds on top of Uniswap V3. Unlike Uniswap V3 the fees are automatically compounded, and the range is predefined by the pool creator. For specifics about the pool I will summarise at the bottom, but we always use unmanaged pools (meaning we cannot change the range after deployment). This does however mean that we may need to create new "rounds" of pools with more efficient ranges in the future so please do check what the latest reward pools are. The great thing about LPing on polygon is that the gas costs are close to zero. For any information/support you may need with Arrakis on how it all works, please join their Discord and read their official documentation. Only seek assistance from their official support channels (watch out for fake help!)


Either search for the pool or go directly to: https://beta.arrakis.finance/#/vaults/0x8DE40d47a3cb47E5614BB970A1070d1B96e1197d

Much like Uniswap V2 or Quickswap, here you will just click on add liquidity. It will then automatically calculate the amount of each asset you need to deposit. For example here I input 10,000 UBT and it told me how much USDC I will need. You will then need to approve UBT and USDC, and once approved you can add the liquidity. You will then find you have Arrakis UBT/USDC LP tokens in your wallet! 6471ac3963834a9bb6a11c64b632475f43a96cb753ff16f0bdef61970898bd20.png



Step 3 - Stake the LP tokens on Gysr.io


Gysr.io is a non custodial platform that allows staking of any erc20 tokens. There are various options and choices to customise the reward schedule. To start with we have opted for "Geyser" with no time multiplier. It is possible, but not required, to "boost" your rewards with a geyser tokens when you claim you $INUBT. This is the opposite of how the other UBT validator pools operate, as they are "Fountains". InuBright may experiment with both reward structures in the future, but for now we will start with a "Geyser". For any support/information you may need with gysr.io on how it all works, please join their telegram and read their official documentation. Only seek assistance from their official support channels (watch out for fake help!)


Either search for the pool using Arrakis or go to the pool directly: https://app.gysr.io/pool/0x5565bf6e6b648cfe900942da89249576ad9b52b4?network=polygon

Rakkis-17 is the LP token you created. Click Max, approve, and then stake. You are now staking the LP tokens.

You will see your number of claimable INUBT.

If you want to Unstake you LP tokens click max in the unstake box and then "claim and unstake"

If you just want to claim your INUBT then just click claim leaving the rest blank.

If you would like to boost your rewards, then you will need to buy some $GYSR and input how many you would like to use

The APY will show 0% because the INUBT tokens are not traded, they are just used for minting the NFTs. In the screenshot there are also a lot of zeros because the pool has not been funded yet - funding is planned to start on 13th of June (as is minting of the NFTs!)

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Step 4 - Minting the NFTs

Now that you have $INUBT you will be able to mint the InuBright NFTs on InuBright.com !!!

You will need 100k $INUBT and 100 $UBT (and a small amount of Matic for gas!)

 

If you have any questions or queries join the telegram t.me/InuBrightNFT

And don't forget to follow the twitter account: twitter.com/InuBrightNFT

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Dan
Dan

Big fan of cryptocurrency.


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