How to use Farms?
Last updated
Last updated
Yield farming takes some small work to set up. Please note the following:
You will need some "LP Tokens" to join the Farm.
Farms can only accept their own Exact LP Tokens such as NKS-BNB Farm will only accept NKS-BNB LP Tokens.
To get the correct LP Token you need to provide liquidity for that trading pair.
So, in order to receive NKS-BNB LP Tokens, you must first provide liquidity to the NKS-BNB pair.
Before you continue, you will want to choose a Farm that is right for you. Visit the farm and you will see a list of available Farms.
To make it easier to join Yield Farming later, you can choose another arrangement if you like, such as following the APR for the Farms with the highest reward rate currently. When you find a Farm that you want to use, write down the trading pair.
Now that you have found a Farm to join, you will need more liquidity to receive your LP Tokens.
Click the Farm row you selected from the list. It will open to show more details.
On the left you will see some links. Click on the Get (your pair) LP link. Put your LP Tokens on the farm.
Now that you have your LP Tokens, you are ready to start staking them on the Farm and earning rewards!
Go back to the farm and find your Farm. Click anywhere on the row that shows your pair. It will expand to show more details. When you are ready, click the "On" button and confirm your action in your wallet.
After a short wait, the "On" button will change to LP Stakes. Click on it and a new window will appear.
Enter the amount of LP Tokens you want to farm in the field or simply click Max to use all your LP Tokens.
Once you have entered the amount, the "Confirm" button will light up. Click it. Your wallet will ask you to confirm your action.
After a while, the window will close and you will see your new staked LP Token balance in the details.
You can decide that you want to add more LP Tokens to the Farm at a later date or take some off the Farm. You can do this very easily whenever you want.
Back to the Farm. At the top of the page, you will see the Bet Only toggle. Click convert. Now you will only see the pairs you have LP Tokens in the list, making it easier for you to find your Farm.
Find the Farm where you have LP Tokens and click on the row to see the details. You will see - and + buttons on the right hand side. Click - to remove LP Tokens or + to add more LP Tokens.
A window will open that looks like the one you used earlier to stake your LP Tokens for the first time. Like last time, enter the amount you want to unstake/bet or click Max to remove/add all available LP Tokens.
Make sure your information is correct. When you are ready, click the "Confirm" button and confirm the action in your wallet.
After a short wait, your new balance will show up in the details of your LP Token pair. If you have canceled your LP Token bet, any unharvested rewards you have will be collected automatically.
Farming will give you NKS rewards over time. You can collect these bonuses and use them to get more LP Tokens, bet them on the Pool, use them to play Lottery or anything else you want.
You can harvest your Farm and Pool rewards together from the Home page. If you just want your farming rewards, go for it. To collect your rewards, you need to go to the selected Farm and collect the NKS waiting for you.
Return to the Farm.
Find the Farm where you have staked your LP Tokens and click on the row to see the details. You will see your reward estimate in the “NKS earned” section.
Click the "Harvest" button and confirm the action in your wallet. After a while, NKS will be received in your wallet for you to use as you like.
