Farming on STON.fi refers to the process of participating in farming activities on the STON.fi platform, where users provide liquidity for trading pairs on the exchange and receive LP tokens (Liquidity Provider tokens) to engage in yield farming transactions. When participating in farming, users can earn yields from holding and staking LP tokens.
Step 1: Head over to the ‘Pools’ section and switch on the “Farming available” option. Choose a suitable liquidity pool from the list or locate your preferred token using the search bar.
Step 2: If you haven’t acquired LP tokens yet, you’ll need to add liquidity first. Click on ‘Add Liquidity,’ provide liquidity to your selected pool, receive LP tokens, and kickstart your farming journey. Refer to the “How to Add Liquidity” section for detailed instructions.
Step 3: If you’ve already contributed liquidity to the chosen pool, you’ll notice the volume of your liquidity displayed on the progress bar. This indicates that you’re ready to start farming. Click on the ‘Farm’ button.
Step 4: A window will pop up showing the amount of LP tokens available for staking. Opt to stake the maximum amount or adjust it according to your preference, then hit ‘Farm.’
In certain farming pools, LP tokens may come with a predetermined lock-up period, while others allow for withdrawal anytime. Details about the lock-up period will be visible in the farming window.
Step 5: Confirm the transaction in your wallet.
Congratulations! You’ve successfully initiated farming on STON.fi. Typically, you can withdraw your funds whenever you want, but specifics may vary depending on the farm.
