LP Yield Farming
Yield farming is the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency.
Last updated
Yield farming is the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency.
Last updated
Gallant Developers donated the GAL-BNB PAD liquidity tokens to a farm. This means that they no longer have access to them and literally can not rug the project from PAD. Community members will be able to farm this liquidity ensuring that it is decentralized. The LPF has a 10% in and out fee. Of this, 7.5% goes back to the pool and 2.5% goes to the vault. This ensures that there will always be liquidity to farm and incentivizes longer term holding.
Steps: 1. Add liquidity here. 2. Go to the GAL-BNB LPF here. 3. Approve your desired amount you wish to farm. 4. Deposit them into the farm. 5. Harvest or reinvest your rewards when ready.
Rewards are in the form of GAL-BNB LP tokens. Because they are LP tokens, you also benefit from the accumulated LP fees from people swapping.
