How To Make Money While Under Peg
As you know, the Deep Fat Fryer section in the Chipshop.Finance payouts out CHIPS rewards if you stake FISH shares when in expansion (Price of CHIPS > 1 ETH)
But what happens when the price of CHIPS falls below its 1 ETH peg?
Don’t panic, here’s how to STILL make money!
The beautiful thing about algos, is that if you understand the system, you can make money both when above and below peg.
Release the MPEAS!
Mushy Pea bonds are released each EPOCH in contraction.
You must use CHIPS to purchase MPEAS, which burns that supply of CHIPS.
You can then use our MPEAS/CHIPS pool to make over 2% per day
Here’s How To Do It.
Step 1
First, in order to purchase Mushy Pea bonds, you need CHIPS.
Head on over to 1inch to buy, or go to the homepage https://chipshop.finance/ to buy CHIPS.
Remember to set your 1inch slippage low to avoid the bots!
Step 2
Once you have your CHIPS, it’s time to SWAP for Mushy PEA bonds. Bonds are released at the start of an EPOCH contraction, and you MUST BE QUICK. There are plenty of other smart investors like you, waiting to eat their vegetables.
Head over to the ‘bonds’ tab in the main menu, and click Purchase!
Congratulations! You’re now the proud owner of some MPea bonds! Not only that, but you have burnt that supply of CHIPS to reduce any further reduction in price! Remember don't use ALL your CHIPS to buy MPEAs or you wont be able to LP your tokens.
Step 3
Now it’s time to make some LP (liquidity provider) tokens and get paid while you wait for the return of CHIPS over 1 ETH.
Add your liquidity to PancakeSwap v2 shown below.
Once you have your brand new MPEA/CHIPS LP tokens, it’s time to deposit them in our pool, which gives you back FISH shares.
Head over to https://chipshop.finance/cookfish and scroll to the bottom.
Deposit your LP tokens to start earning FISH shares.
Want to become a WHALE 🐳?
Take those FISH shares you harvested and put them in the fryer earning close to 8% per day when in expansion! Then every 6 hours you get paid in CHIPS, where you can re-start the whole process again.
So there you have it!
Yet ANOTHER way for you to earn money with the Chipshop. but this time when it’s below peg.
Chipshop Team.
