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Yield Farms

Yield Farms allow you to stake Liquidity Pool (LP) tokens to earn YUMI on YumiSwap. The LP tokens come from Liquidity pools by adding tokens to provide liquidity.
Each farm has its own APR, depending on the value of LP tokens, reward multiplier, trading volume and price of YUMI.
Yield farming can give better rewards than Staking Pools, but it comes with a risk of Impermanent Loss. It’s not as scary as it sounds, but it is worth learning about the concept before you get started.
Check out this great article about Impermanent Loss from Binance Academy to learn more.
How to stake in Yield Farms?
Stake LP
1. Select the farms you wish to stake.
2. Click 'Approve Contract'.
3. Click 'Stake LP' and enter the amount of LP, then click 'Confirm'.
4. Confirm the transaction in your wallet.
5. Done! You can click 'View on https://cronoscan.com/ ' to see your transaction details.
Unstake LP
1. Select the farms you wish to unstake.
3. Confirm the transaction in your wallet.
4. Done! You can click 'View on https://cronoscan.com/ ' to see your transaction details.
Harvest
1. Select the farms you wish to harvest.
2. Click 'Harvest'.
3. Confirm the transaction in your wallet.
4. Done! You can click 'View on https://cronoscan.com/' to see your transaction details.

How to Add or Remove Liquidity

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Last modified 1yr ago