❓FAQ
Can't connect to FuryLabs
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Make sure you're connected to Fantom on your wallet. For bridging, make sure you're connected to the chain/network you want to bridge from.
Farming requires providing liquidity to one of the pools which you can find on the "Farm" page.
You can farm your liquidity pool (LP) tokens on the Farm page listed below, approving the contract, and choosing the amount you want to farm.
See the farms page for more details.
How to stake
You can join the pool by:
1. Getting $FURY (from swapping or harvesting from farms and rewards)
2. Staking the $FURY into one of the pools of your choice to earn additional APR
Navigate to the top-right corner of the homepage to click on the "Connect Wallet" button. Then select the wallet you want to connect to FuryLabs. Approve the connection and your wallet will be connected.
What is impermanent loss
Impermanent loss happens when you provide liquidity to a liquidity pool, and the price of your deposited assets changes compared to when you deposited them. The bigger this change is, the more you are exposed to impermanent loss. In this case, the loss means less dollar value at the time of withdrawal than at the time of deposit.
Pools that contain assets that remain in a relatively small price range will be less exposed to impermanent loss. Stablecoins or different wrapped versions of a coin, for example, will stay in a relatively contained price range. In this case, there’s a smaller risk of impermanent loss for liquidity providers (LPs).
Learn more about impermanent loss here.
What are Vesting? And why are vesting important?
Many Protocols often provide only 50% of Total Sale Amount as Liquidity and allow you to fully claim all your token allocations. With 2x more tokens in circulation, 50% liquidity is simply not enough to sustain any form of price impact.
Vesting is therefore important. With 40% TGE (Token Generation Event), you will be able to claim only 40% of your allocation at the end of the token sale. This would mean that at launch, liquidity will be greater than the amount of tokens in circulation.
What about the rest of the token allocation?
To prevent instant dumping, there will be a vesting period for presale buyers. 40% will be given out during TGE (launch), with the remaining 60% linearly distributed within the next 6 days. Buyers will be able to claim their tokens anytime within this 6 days at a pro-rated rate (eg. 10% every day). All in all, 100% of the presale token will be released during the end of the 7th day.
Will it be risky since the price could fall after 6 days?
DeFi has its risk and we recommend all to DYOR! However, the prioritisation of our buyback procotol will help to peg the price of FURY above its Listing Price!
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