How to Use Farms
The liquidity staking feature in the farm is a major way for users to earn token rewards by staking LP tokens on FamSwap.
Unlike staking in the F Pool, using the farm requires you to first provide liquidity for a token pair (consisting of two tokens) to obtain LP tokens. You can then stake these LP tokens in the farm to earn rewards. This allows you to earn token rewards while still holding the original two tokens and earning incentives as an LP provider.
LP Farm Staking and Mining
1.Choose and stake in a liquidity pool
i. If you don't have any LP tokens available for staking, go to the "Exchange" section and click on "Add Liquidity" to navigate to the liquidity adding page. Add liquidity to the desired pool to obtain LP tokens.
ii.Once you have successfully added liquidity and obtained LP tokens, go to the "Earn" section and click on "LP Farm" to view the available trading pairs for liquidity mining on FAMSWAP. Choose a trading pair, such as FUN-USDT pool, click on the button for the token you want to stake, and select the desired amount of LP tokens to stake.
2.Redeeming LP Tokens
Choose the LP token pool you have staked in, for example, "FUN-USDT," and click on the "Redemption" button. Select the amount of FUN-USDT LP tokens you want to redeem, and click "Confirm" to proceed.
3.Withdrawing Staking Rewards
Select the LP token pool you have staked in, such as "FUN-USDT," and click on the "Withdraw" button. Withdraw your staking rewards and click "Confirm" to proceed.
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