🌾How to participate in the farms?
Farms are an important way of rewarding those who contribute to the formation of a decentralized exchange. Viralata Swap thanks its collaborators by distributing AURO.
Last updated
Farms are an important way of rewarding those who contribute to the formation of a decentralized exchange. Viralata Swap thanks its collaborators by distributing AURO.
Last updated
Viralata Swap has two types of investments with returns in Auro for its users:
Staking Pool only use a single token to generate AURO. Currently, the application of REAU and AURO in this modality are encouraged.
Yield Farming uses the VLP tokens (can be understood as a "receipt" for providing liquidity) of token/currency pairs to generate AURO. Currently, applications in pairs AURO/BUSD, AURO/BNB, AURO/REAU, REAU/BUSD, BNB/BUSD and CAKE/BNB are encouraged.
The procedure is exactly the same for Staking Pool and Yield Farming, the difference is that for the latter it is necessary to provide liquidity and receive the VLP tokens equivalent to the pair before applying for income.
Own a cryptocurrency wallet (TrustWallet, Metamask, REAUPay...);
Have REAU, AURO or compatible VLP token to apply;
Have a small amount of BNB to pay network fees (fees charged by the blockchain to process the transaction);
Understand and accept the risks associated with any DeFi investment.
(1) Participating in Yield
Find the option you want. It will be possible to find application of REAU, AURO and pairs (AURO/BUSD, AURO/BNB, AURO/REAU and REAU/BUSD).
When choosing the application, just apply the tokens. For peers, it is necessary to first provide liquidity and apply VLP tokens.
If this is the first time you move this token, you will need to Approve this type of trade first. Just click on approve, pay the network fee, wait for the transaction confirmation and make your application.
That's it! Now your tokens are in the pool!
(2) Harvesting the rewards
From the moment you add your tokens to the application, you will receive a share proportional to your share of the total reward of that application every 3 seconds. It is possible to collect your reward without withdrawing the invested amount. To do this, just go to the Farm page and click on "Harvest".
Depending of your strategy, it is possible to harvest AURO and reinvest in the staking pool of AURO, to generate a kind of "compound interest". Pay attention to the network rate values and adjust their periodicity so as not to waste on network rate. In the future, this option will be available automatically.
(3) Leaving the Pool
When you no longer want to participate in this application, just select the amount of tokens you want to redeem, click "Remove" and confirm the transaction. Your rewards that have not yet been collected will be sent to your wallet in the same transaction.
If you are participating in a pair pool, you need to undo the liquidity.
