How To Earn Trustless Yield on SigmaUSD:

Step 1 Buy at least 20 Ergo coins (ticker: ERG) from one of the following centralized exchanges: Coinex, Kucoin, Gate io, HTX, TradeOgre, and NonKYC io

Step 2 Install Nautilus Wallet on the Chrome Web Store.

Step 3 Open the Nautilus Wallet extension in your web browser. Go to CREATE WALLET and follow the prompts. You now have a cryptocurrency wallet for the Ergo blockchain.

Step 4 Inside the Nautilus Wallet extension click on the “Receive” tab. Copy to your clipboard the string of numbers and letters labeled as “Your default address.” With this address you can receive Ergo coins and tokens to your Ergo wallet.

Step 5 Access your account on the centralized exchange you bought ERG on. Your exchange account should give you the option to withdraw your ERG. There will be a box that asks you to specify a receive address for your ERG. Paste your default address from Step 4 into this box. Now follow the steps your exchange requires for you to withdraw your ERG. You may be asked to complete 2FA or confirm your withdraw from your email. This is normal.

Step 6 Got to the Spectrum Finance DEX at app spectrum fi and select “Ergo.” Then select “Connect wallet” in the middle of your screen. Now select “Nautilus Wallet.” In the center of your screen there is a pull down menu that says “Select a token.” Click on this menu and select “SigUSD.” Now you can swap your ERG for SigUSD. To the left of the pull down menu for “ERG” type the number of ERG you want to swap for SigUSD. Then select the “Swap” option and follow the prompts on your screen to complete the transaction. If you bought 20 ERG, then swap 19 ERG for SigUSD and leave 1 ERG to pay transaction fees.

Step 7 Open your Ergo wallet in the Nautilus Wallet extension and look at the “Assets” tab to see how much SigUSD you have. Make a note of how much SigUSD is in your wallet, then go to the Duckpools lending protocol at Duckpools.io and select the “Connect” button on the top right of the screen. Follow the prompts to connect your Nautilus Wallet to the Duckpools lending protocol. Now scroll down the Duckpools webpage until you see “SigUSD Pool.” Under “SigUSD Pool” there is an option to “Lend SigUSD.” Select “Lend SigUSD” and type in the amount of SigUSD written down earlier in this step. Select “Lend SigUSD” again and follow the prompts on screen. Ignore “Slippage Tolerance,” this is a feature for advanced users.

End of Guide:

You are now earning trustless yield on SigUSD. You can view your investment by looking at the “SigUSD Pool” on the Duckpools website. Make sure your Ergo wallet in the Nautilus Wallet extension is connected to the webpage so the protocol knows to show you which assets are associated with your wallet. The “SigUSD Pool” shows the metrics for your investment. APY varies between 0% -126% APY based on how much SigUSD is borrowed or lent out. At the time this guide was written the APY was 75.51%. Interest on your investment is compounding. All interest paid is automatically reinvested. You do not need to interact with the protocol to collect interest. Interest is paid when a borrower pays back their loan, or when their collateral is liquidated. Duckpools is designed so that your principal investment will never decrease. Borrowers can put up ERG as collateral to borrow SigUSD from the lending pool. If a borrower’s collateral ratio goes below 125%, then 30% of their collateral is distributed to all SigUSD lenders. Duckpools is a perpetual lending platform. You will continue to collect compounding interest for 2 years or until you withdraw your SigUSD. Duckpools charges a 0.5% fee when you deposit funds and a 0.5% fee when you withdraw funds. Happy lending! #cryptogrowers #duckpools