Farming
Last updated
Last updated
Farming is similar to staking but instead of locking ERC-20 tokens we lock LP tokens from a liquidity pool of a decentralized exchange. It is possible to add multiple farming pools with different locking periods. Token holder is able to add LP tokens to one of the pools and lock them in exchange for rewards. There are up to 10 different tokens than can be distributed as rewards. It is possible to set the reward per block for each of the pools and each of the tokens.
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Amount of pools (i.e. 3)
Lock period for each of the pools (i.e. 6 months, 12 months, 18 months)
Token per block (how many tokens per block are distributed to stakers? - i.e. 2 tokens per block)
Rewards per pool (reward distribution per pool - i.e. 6 months 20%, 12 months 30%, 18 months 50%. This means that 0.4 token per block will be shared among 6 months stakers, 0.6 token per block will be shared between 12 months stakers and 1 token per block will be shared between 18 month stakers proportionally to their locked tokens)
1-2 weeks
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