Yield Farming Example
Let's lay out an example to make it clear:
1) On Day 1, let's say you have decided to provide liquidity in a pair and have as a result obtained 1,000,000 LP Tokens (LPTs). You then stake those 1,000,000 LPTs in their corresponding farm.
2) On Day 2, you decide you want to farm more MIN in this particular farm. So, you provide more liquidity and you get as a result 2,000,000 LPTs. You then stake these 2,000,000 LPTs, so you now have 3,000,000 LPTs on your Yield Farming position. Upon staking these additional 2,000,000 LPTs, automatically, the rewards accrued from Day 1 for staking 1,000,000 LPTs get calculated and sent to your wallet. Starting from Day 2, rewards for 3,000,000 LPTs will start accruing.
3) On Day 3, you decide you want to withdraw 500,000 LPTs. Upon withdrawal of the 500,000 LPTs, the rewards for staking 3,000,000 LPTs on Day 2 get calculated and sent to your wallet. You now start earning rewards for 2,500,000 LPTs staked.
4) On Day 4, you decide not to add or withdraw any LP tokens, so your LPTs amount doesn’t change. But you decide to harvest your current rewards, so then rewards for staking 2,500,000 LPTs during Day 4 will get sent to your wallet.
In essence, through our system, we aim to make Yield Farming as convenient and user friendly as possible. Yield Farming participants can deposit additional LP Tokens or withdraw a portion of them without needing to unstake them and lose any rewards. Any MIN you have accrued will be waiting for you to harvest in one click!
Last modified 1yr ago