Yield Farming
Yield Farms allow users to earn DELOT by staking LP Tokens
Last updated
Yield Farms allow users to earn DELOT by staking LP Tokens
Last updated
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 for the DELOT-BNB pair.
Contract address of DELOT-BNB LP Token:
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.
Check out this great from Binance Academy to learn more.