How do I participate in a yield farming program?
Last updated
Last updated
Yield farming provides rewards for locking your funds in the secure Equalizer vaults for a particular period of time for purposes of flash lending. At Equalizer, we’ve designed the most innovative NFT-based yield farming program. Thus, users are no longer exposed to market volatility as they can trade their position at any time. DeFi projects, on the other hand, are no longer exposed to the liquidity depletion risk as positions can be traded without removing the assets.
To participate a the yield farming program, visit the Equalizer platform and search for a token vault you want to stake. Open the vault and check if the yield farming program is active by inspecting the vault yield.
To stake your LP tokens, you need to select a Blockchain network and connect
To see which networks are supported, see the Supported Blockchains guidelines. Connect Wallet will open Metamask web wallet and prompt you to connect your wallet. If you don't have LP tokens, you can get them by depositing funds in one of the Equalizer vaults. To learn how to deposit and withdraw assets see the How do I deposit and withdraw assets? guidelines.
To partake in a yield farming program, visit the Stake vault section and click on Enable Staking. You will be prompted to sign a blockchain transaction that will enable a secure deposit of assets to the Equalizer Yield Farming smart contract.
Once staking is enabled, select a staking period and enter the amount of LP Tokens you want to stake
Click on the SUBMIT button. You will be prompted to sign a blockchain transaction that will securely deposit your LP tokens into a secure Equalizer Yield Farming smart contract.
You will receive two NFTs after you stake your tokens. The principal NFT is holding the principal LP tokens (visible in the Unstake tab) and the yield NFT is holding the Yield Farming EQZ Reward (visible in the Harvest tab). You can transfer the NFTs anytime but the NFTs can be burned (and LP tokens and EQZ reward claimed) only after the maturity date. After a successful stake transaction, it takes few minutes to display the NFT's.
After the maturity date, you can unstake your LP tokens and harvest your rewards by simply clicking on the Unstake button in the Unstake and Harvest tabs. You will be prompted to sign a blockchain transaction that will securely transfer your LP tokens and EQZ rewards to your wallet.
