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.

Check out this great article about Impermanent Loss from Binance Academy to learn more.

Last updated