How to Farm
Connect wallet
At the moment, for all supported networks, user can connect to Baryon Network via Coin98 and Metamask. Especially for Ancient8 network, user can connect Ancient8 wallet.
Section below will first guide user on how to download and create wallet on Coin98 Wallet.
Download Coin98 Extension
Coin98 Extension is now supported on Google Chrome. If you are a new user, you could install Extension directly on your computer:
Create a Multi-Chain Wallet
Since Baryon Network is a Multi-Chain project, you have to own a Multi-Chain Wallet to use the platform.
After you have downloaded Coin98, you can follow the instructions below to create a Multi-Chain Wallet or import an existing wallet on other wallet applications into Coin98.
Appropriate gas fee for each network
Baryon uses gas fees in the form of tokens specific to each network, so you have to have the tokens corresponding to the network in order to make transactions on Baryon.
Everything is ready, let's go to Add liquidity!
2. How to use BaryonFarm
Access to BaryonFarm: https://baryon.network/farm
If you have already installed the Coin98 Extension, it will automatically connect to the corresponding network.
How to Farm
Step 1: On the Active tab, choose your desired pool. Click Enable to approve, then click Confirm.
This tutorial will take the AURA-BUSD LP as an example.
Before staking, you must have LP tokens in your wallet. To own LP tokens, you can refer to "How to Add Liquidity".
The system will ask users to pay a network fee to approve the token. Users need to prepare enough fees for this step.
Note: You must read the information carefully before staking:
APR (Annual Percentage Rate): the number of rewards you will receive if farming this LP token in one year. The bigger the number, the more rewards you will receive in the pool.
Notice: Yield farming can give high APYs/ APRs rewards, but it comes with a risk of Impermanent Loss. It is 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.
Earn: The token reward you will earn from farming LP in the pool.
Ended: Once the end time is reached, the rewards for that pool will stop being distributed.
Liquidity: Total liquidity is currently deposited in the pool.
Step 3: Click Stake. Select the amount of token you want to stake, check the gas fee -> Click Stake.
Step 4: Wait a few minutes for the system to process. After processing successfully, the system will display a notification and your staked LP Token will be shown as below.
You can view all information about the transaction by clicking “View Transaction”
Note:
The rewards will be real-time updated, you can harvest anytime by clicking “Harvest”
You can stake more LP tokens by clicking the “+” button.
Otherwise, you can unstake by clicking the “-” button.
How to unstake
There will be no lock-up period when you stake in BaryonFarm, so you can unstake anytime.
Step 1: Choose the pool you want to unstake. To unstake, click the “-” button.
Step 2: Select the amount of LP Tokens you want to unstake, check the gas fee -> Click Unstake LP Tokens.
Step 3: Wait a few minutes for the system to process. After the unstake process is successful, the amount of Unstaked LP tokens will be recorded in your initial pool.
Note:
To remove the LP tokens, you can refer to “How to remove liquidity”
If you Unstake the LP tokens on the farm, the Rewards will not be automatically harvested, you must harvest them yourself.
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