How to use Francium to make highest profit

Francium is a yield farming protocol developed on Solana. It brings users different farming strategies with up to 3x leverage to reach the potential profit. 

Francium offers numerous products with different roles on the platform. This article will guide you on how to Francium platform, include farming and lending to make high profit. Let’s get started!

What you need to start using Francium

Download and install Coin98 Wallet

Mobile wallet:

Now available on Coin98 Mobile Wallet for both iOS and Android users:  https://coin98.com/wallet

Watch the tutorial video below to install Coin98 Wallet Mobile:

Extension Wallet

Coin98 Extension Wallet supports you on both Chrome and Firefox. If you are a beginner, you can directly install Extension Wallet on your computer.

Create a Solana wallet (SOL & SPL token)

Francium is a protocol built on Solana Blockchain, so you definitely need a Solana wallet (SOL & SPL token) to use this platform.

After you have downloaded or updated Coin98 Wallet, you can follow the instructions below to create a Solana wallet or import an existing wallet on other wallet applications into Coin98 Wallet.

Connect to Francium with Coin98 Mobile Wallet

If you’re using Coin98 Extension Wallet, you can skip this step!

Open Coin98 Wallet, go to Browser and opt to Francium at the Stake & Farm category to access the platform

Select the wallet section in the lower right corner of the screen and select the Solana wallet containing the assets you want to connect to the project.

After selecting a wallet, it will be automatically connected to Francium which is extremely convenient and easy or you can click on Coin98 to connect.

The experience of Francium via the Mobile App will streamline a lot of actions, even the steps of connection, transaction confirmation will also be reduced.

How to use Francium with Coin98 Extension Wallet

Currently, you can farm and lend on Francium with an attractive yield rate.

Similar to the leveraged trading market (Futures, Margin Trading), Francium also allows you to farm with leverage up to 3x, which means you can farm with a larger capital than the existing one with a high yield. That also means high risk, high returns.

• Farming: Users deposit assets into the strategies that Francium provides such as: SLRS-USDC, ALEPH-USDC, SNY-USDC, TULIP-USDC, MEDIA-USDC, COPE-USDC and a custom leverage level max is 3x.
• Lending: Users can deposit assets into the pool to lend and earn profits. Currently, Francium is opening a lending pool for USDC with an APR of more than 10%.

Farming

Access Francium.com to start the journey of being an industrious "farmer".

Step 1: Select Connect on the right corner of the screen.

Step 2: Select connect to Coin98 Wallet and click Connect in the pop-up notification to confirm the connection.

Step 3: Select a strategy to farm and click Farm.

Currently, Francium has 6 active pools with different yields. There is SLRS-USDC Strategy with the highest APY of more than 13,000%. You can choose the pool that suits your personal profit strategy.

Let’s take the SLRS-USDC pool as an example.

Step 4: Enter the amount and adjust the following parameters and select Farm.

• Enter the amount of USDC you want to farm or you can quickly choose the percentage of the total balance from 25%, 50%, 75% and 100%.
• Leverage: The leverage you want to use, the maximum is 3. You can also turn off the leverage mode to farm as usual.
• Stoploss: If you turn on the leverage feature, you should adjust the stoploss percentage.

This feature is similar to Stop-loss in trading, the maximum percentage that the user can bear the risk of loss. In the bear market, token price drop and high impermanent loss, your farming position will automatically be closed with your stop loss to limit your losses.

When you adjust Leverage and Stoploss, the percentage of APY you receive will be displayed below, please carefully check it before deciding to farm.

Step 5: Select Sign in the pop-up notification appears in Coin98 Extension Wallet to confirm the transaction.

Wait for a few seconds for the farming position to appear in the website interface in the Your Position section.

Besides, users can join many strategies in other pools or add funds to these active strategies.

To replenish funds for an opened farming position, you click on the (+) and add assets to the pool like how you created the order at the beginning.

To withdraw from the pool, select Withdraw and select the amount of assets you want to withdraw, click Withdraw and confirm in the pop-up that appears from Coin98 Extension Wallet.

Note: If the volume of the deposited asset into the Strategy is relatively large, you should divide the number of withdrawals into small orders to avoid the risk of slippage.

Lending

Besides farming, users can also lend their USDC in the Lending Pool. Lending will be less risky, so the percentage of profit received will not be as attractive as Farming.

Step 1: Select Lending Pool.

Step 2: Select the pool you want to invest ⇒ Select Deposit (There is only a USDC pool at the moment).

Step 3: Enter the percentage you want to deposit → Click Deposit, then Sign in the pop-up to confirm the transaction.

Your position will be displayed in Your Position in the Lending Pool interface of Francium.

To withdraw the lending pool, choose Withdraw → Select the amount of assets you want to withdraw → Withdraw → Confirm transaction from the pop-up notification.

How to use Francium with Coin98 Mobile Wallet

Farming

Step 1: Go to the Strategy you want to farm, select Farm.

Step 2: Enter the amount of USDC you want to farm, choose the leverage and the Stoploss rate similar to the action I have instructed on the Extension section.

Step 3: Click Farm and your position has been created.

To withdraw from the current Strategy, click Withdraw and enter the amount. 

Lending

Step 1: Select Lending Pool.

Step 2: Select the pool you want to invest in→ Select Deposit.

Step 3: Enter the percentage you want to deposit 

To withdraw from the lending pool, you just need to choose Withdraw → Select the amount of assets you want to withdraw → Withdraw.

Why should you use Francium directly on Coin98 Wallet?

For both new users or longtime users in DeFi, connecting wallet and using Francium on the Coin98 Wallet DApp Browser brings them benefits even on Extension or Mobile App.

Simple, easy to use

The DApp Browser is integrated right on the Coin98 Mobile Wallet on both iOS and Android. Just by clicking "Browser" on the home screen, you can quickly access a DApp "treasure" smoothly without interruptions.

Cross-chain bridge

Considered as one of the improvements of Coin98 Wallet to help users easily interact with Francium, you can directly convert ERC20 to SPL right on the wallet without doing many actions with other wallets. You can also use Coin98 Exchange (Solana) to trade the necessary tokens during farming.

Ability to experience many DApps

If you are already "engrossed" in farming on Francium through this tutorial, why not try other multi-chain dApps right on Coin98 Wallet's Browser.

For users who prefer the openness and ease of operation on the desktop interface, Coin98 Extension Wallet certainly brings you satisfaction. With the Multi-chain engine mechanism, Chain Priority allows users to choose their preferred chain. 

Moreover, Coin98 Extension Wallet has built-in Matrix Password - the matrix password to prevent sneaking, screen peeping, etc., so your assets are enhanced with many layers of security.

Summary

There are various spaces in DeFi for you to experience and profit. You can invest in tokens, experience DEXs, and Yield Farming is an important piece of the DeFi ecosystem.

Along with the potential profit, there are also many sophisticated risks, you should be careful and research the project before deciding to invest or experience on any platform to avoid scams.