Mettalex Amplify — FET:MTLX Pool Added

Mar 11, 2021

FET token holders can now earn up to 275% APY by yield farming on Mettalex Amplify!

We are delighted to announce that we are extending the long-term, high-yield farming Amplify program with the addition of the community-requested FET:MTLX Uniswap pool.

To start farming, go to:

amplify.mettalex.com

Main Features

  • Shared rewards with the MTLX:USDT and MTLX:ETH pools
  • More than 780k MTLX tokens left to be farmed between the three pools
  • One-sided liquidity provision in FET tokens
  • FET and MTLX holders can deposit liquidity in the MTLX:FET Uniswap pool and farm by staking their UNI V2 LP tokens

How to Join?

There are two ways to start yield farming in the FET:MTLX pool:

  1. Farm with FET tokens only.
  2. Farm with both FET and MTLX tokens.

How to get FET tokens?

You can buy FET on Binance, Bitfinex, MXC, or several other exchanges or on DEXs like Uniswap and Balancer. 

If you use a DEX be sure to get the correct contract address: 0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85

Farming With FET Tokens Only

Before accessing the Amplify interface on Ethereum, you need to have:

  • A MetaMask wallet set to the main Ethereum network
  • FET tokens in your MetaMask wallet
  • Some ETH for payment of gas fees

 

Watch this short video walkthrough to learn how to start farming with FET.

Farming With FET and MTLX Tokens

Before accessing the Amplify interface on Ethereum, you need to have:

  • A MetaMask wallet set to the main Ethereum network
  • UNI V2 liquidity provider tokens
  • Some ETH for payment of gas fees

 

Watch this video walkthrough to learn how to start farming with FET and MTLX tokens.

Withdrawing Liquidity

Users can withdraw their liquidity at any time. There is no timelock. However, a 5% fee will be charged on the user’s Uniswap V2 LP token balance on withdrawal. The proceeds will be either burned or added to the yield farming pool rewards to be farmed by Amplify participants.

If you experience any problems, please join Mettalex’s official Telegram group and let us know.
Happy yield farming!