Staking Guide: Farm $MUSK on Prism Network

Uniswap is a trustless decentralized exchange for Ethereum (tokens) which allows third-party individuals to set up their own LP and contribute to it. This means you can easily trade any ERC20 token for Ethereum or any other ERC20 token. Users of the DEX basically are trading against the LP. Anybody can swap tokens at any point in time. Since you are swapping directly from your own Metamask/Ethereum wallet, your funds are always in your own control, as opposed to centralized exchanges in which the exchange controls your funds.

The fees per swap are 0.3% of the total swapping volume. LP providers share the fees which are accumulated during every swap through Uniswap, based on the proportion you have contributed to the LP. e.g. if you contributed 10% of the total LP, you shall receive 10% of the total fees. These fees are automatically contributed to the LP, so your total personal LP contribution keeps on increasing according to accumulated fees.

LP on Uniswap?

LP stands for Liquidity Provider. Basically, you are adding liquidity in the token pair, in this case, MUSK/ETH, and receiving fees for doing so like mentioned above. For somebody to contribute to the LP, one would require an equal amount in ETH or $USD value for both tokens. For example, if you want to contribute $100 to MUSK/ETH LP, you need $50 in MUSK and $50 in Ethereum. When you add liquidity, you will receive LP tokens from this pair.

To add Liquidity click on this link. You will be directed to the Uniswap MUSK/ETH Pair page. Once there, click +Add Liquidity.


Once the window opens you will see this tab. Input the amount of $MUSK you would like to add to the liquidity pair or amount in ETH. Either way, the Uniswap App will calculate the amount needed for the other token.

Remember you need to have enough ETH to MUSK ratio to be able to add to the Liquidity Pool, and ETH for all transactions (to pay for gas fees).

Once you have selected the amount you need to Approve (if you haven’t previously approved $MUSK transactions on Uniswap). If you have previously Approved then just click Supply, then a window will pop up showing amount of tokens recieved, click Confirm Supply and Approve the transaction.

Once the transaction has gone through (You can check on the etherscan link that pops up), you can now use those tokens to farm extra $MUSK.

Remember that your MUSK & ETH balance that you put in liquidity are “locked” in these LP tokens! So please don’t send these tokens to anyone! Your newly minted LP tokens will show up in your metamask wallet like UNI-V2 tokens (Example shows 0 balance).

Using your LP tokens to Farm $MUSK

STEP 1: Click on the link here and head over to the PrismNetwork dashboard. (Remember to connect MetaMask wallet to interact with the Dapp).

STEP 2: Left-hand side, scroll to Staking Pools and click on ETH. Here you will see all the pools available to farm $MUSK tokens. This guide explains how to create and stake MUSK/ETH pair, but you can create any of the pairs as seen below on the screenshot under POOL to farm $MUSK.

STEP 3: Click on MUSK/ETH and a window will pop up, confirm the transaction by clicking “GET ALLOWANCE”, and you will come to the tab where you can deposit your LP tokens.

STEP 4: Choose the amount of LP tokens you want to deposit in the “Enter amount or select % of balance to deposit” tab. You can slide the bar from 0 to 100% or enter in manually how many tokens you want to stake. The more you stake, the more $MUSK you will farm.

STEP 5: Once the amount has been selected, click “DEPOSIT”, Approve transaction, and when the transaction goes through you will have successfully staked your LP tokens and started to earn $MUSK tokens.

You can claim your rewards once you start earning them. It is usually recommended to claim a decent amount to counter cost the gas fees for claiming. You can withdraw your LP tokens at any time, just remember that there is a 1.5% unstaking fee.

A little run through what you see on the dashboard:

In the left column “Your wallet balance”, you will see the total LP tokens in the wallet that haven’t been staked yet. On the right side “Your Stake”, Staked LP tokens. Total Stake shows how many staked LP tokens to date are in the pool. Pool Share, show what percent of the total staked you own.

APY: Anual Percentage Yield. Percentage of MUSK you will receive per year based on your deposit.

WPY: Weekly Percentage Yield. Percentage of MUSK you will receive per week based on your deposit.

Earned Rewards is how much $MUSK you have farmed to date.

Stake Bonus: You can purchase Bonuses to boost your stake, in this case, it would be boost with Eth. To be able to boost, first, you will need to approve, pay for gas and then choose the level of boosting you would want for your Farming Pool.

What are Pools?

Pools, also referred to as Liquidity Pools, allow users to stake one token in order to earn rewards in another token. This process can be known as ‘farming’. The purpose of a Pool is often to encourage users to create LP Tokens (Liquidity Pool Tokens, i.e. DEF/ETH, DEF/PRISM, DSCVR/ETH etc.). This improves liquidity for the trading pair, while also rewarding those who provide liquidity and giving them an extra benefit to offset any impermanent loss (

Rewards yielded from staking in a pool are variable, changing based on a few factors:

  • Your personal stake
  • Collective stake
  • Amount of rewards in the pool
  • Duration of the pool
  • The amount of earned tokens is automatically calculated and allocated to each staker, who can then claim the tokens whenever they choose to.

Example Pool

Let’s run through an example Pool to demonstrate how they work.

TEST/ETH -> 3000 TEST (Duration 30 Days)

In this Pool, users would input TEST/ETH LP Tokens, and farm TEST tokens over a period of 30 days. This means that every day ~100 TEST tokens are distributed as rewards to stakers.

If this Pool launched, and only UserA input 1 TEST/ETH, they would be farming 100% of these yields. If UserB joins with 1 TEST/ETH as well, from then on both UserA and UserB will be splitting the yield 50/50 as they both own 50% of the total stake.

If UserC was to then join with 4 TEST/ETH, they would own 4/6 TEST/ETH in the Pool which is ~66.66% of the total stake. This means that each day they would be earning 66.66 TEST tokens.

What is Boosting?

Boosting is a means to increase your effective weighted stake in a Pool. This can be done via purchasing boosts or by simply minting $PRISM.

To demonstrate how this works, the example from above will be continued.

  • UserA has 1 TEST/ETH in the Pool (~16.66%).
  • UserB has 1 TEST/ETH in the Pool (~16.66%).
  • UserC has 4 TEST/ETH in the Pool (~66.66%).

UserB activates a 50% boost. This increases their weighted stake to 1.5 TEST/ETH, meaning they now own ~23% of the Pool and will begin earning more immediately.

How to Boost

Mint PRISM (global boosts for all pools that you are staked in)

purchase boosts for individual pools (DEFLCT, WBTC, WETH, PRISM)

Things to note:

  • Boosts are stackable up to 250%
  • PRISM spent as boosts will be burned from supply forever.

Global Boost

When you mint PRISM, you become eligible for our Global Boost. Which boosts every single pool you stake in.

  • 15 historically minted prism = 5% global boost
  • 30 historically minted prism = 10% global boost
  • 75 historically minted prism = 25% global boost
  • 150 historically minted prism = 50% global boost
  • Global boosts boost every single pool you stake in, regardless of network.



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Prism Network

Prism Network

Prism Network is a Universal DeFi Servicing Hub. Providing inter-operability networks via Native Bridges, Multi-Chain Launchpad, farming services and more !