Yield Farming
Yield Farming is the process of using Decentralized Finance (DeFi) protocols to generate Interest on your Cryptocurrency Assets. There are various forms of Yield Farming, such as Providing Liquidity, Staking or Lending and each option comes with different user considerations before participating. For the purposes of this page, we will focus on Yield Farming via Providing Liquidity.
- Yield Farming can be a lucrative way to earn extra rewards, such as Trading Fees or Tokens
- Improve your assets capital efficiency by utilising Idle Tokens sitting in your Wallet
- By Yield Farming you are also supporting the DeFi Ecosystem you are participating in
Farm | Rewards |
|---|---|
Top Farms | Popular Farms: One or more Token Rewards |
Boost Farms | Extra JOE Rewards if you stake into veJOE |
Double Reward Farms | Double Token Rewards: JOE + Token x |
noJOE Farm | Single: Token X |
Farm | Single: JOE |
- Connect and confirm your wallet
- Locate the Farm you wish to deposit your LP
- You are now viewing the ‘Manage Farm’ page
- This contains the Farm details including Liquidity, Pool APR, JOE APR, and Bonus APR
- If you don’t have LP tokens yet, select ‘Get LP Tokens’
- This will take you to the token-pair’s liquidity pool eg (AVAX + PTP)
Get LP Tokens
- Once you have supplied Tokens into the pool and received your LP tokens, return to the farm
- On the right-hand side, Select Stake and enter the amount of LP tokens you wish to deposit
- Press Approve or Deposit (or both) and Confirm the transaction in your wallet
- Congratulations, you are now earning Farm rewards!
- Click the 'Unstake' Tab and select the amount of LP Tokens to Unstake, or press 'Max'
- Press Confirm and Confirm in your Metamask Wallet when prompted
- Then select the 'Detach LP Tokens' button (Highlight in Red Below)
- This will take you to the Liquidity Pool page, where you can withdraw your Tokens
- You can Harvest Farm rewards, at anytime
- Simply press the Harvest button and any pending rewards, will be added to your wallet.
- Any Bonus Rewards accrued, will be held in the Smart Contract waiting for you to Harvest
- Pool APR: Fees collected by Liquiity Pools, paid on top of your position when you withdraw
- JOE APR: JOE Tokens that can be collected by pressing Harvest
- Bonus APR: Bonus Reward Tokens that can also be claimed by pressing Harvest
Single Rewards Farm
Double Rewards Farm
Watch the below for a simple how to guide
Last modified 8mo ago