Yield Farming
Yield Farms allow users to earn DELOT by staking LP Tokens
Yield farming takes a little work to get set up.
You’re going to need some "LP Tokens" to enter into a Farm with. Farms can only accept their own exact LP Token; for example, the DELOT-BNB Farm will only accept DELOT-BNB LP Tokens.
To get the exact LP Token, you'll need to provide liquidity for that trading pair. So to get DELOT-BNB LP Tokens, you'll first have to provide liquidity for the DELOT-BNB pair.
Contract address of DELOT-BNB LP Token: https://bscscan.com/token/0x18f45316f2f00cd0081dd18e1e6b9f409d63c0ac
Yield farming can give better rewards than staking, but it comes with a risk of Impermanent Loss. It’s not as scary as it sounds, but it is worth learning about the concept before you get started.
Last modified 1yr ago