YIELD FARM
Last updated
Last updated
Users can earn returns passively by making their coins "work for them". ScarySwap provides a variety of features that allow users to yield farm and enhance their returns.
Yield farming refers to the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency. On a high-level, it means putting your coins to work. This innovative yet risky and volatile application of decentralized finance (DeFi) has skyrocketed in popularity recently thanks to further innovations like liquidity mining.
ScarySwap incentivizes yield farmers or anyone who wants to generate yield by rewarding those that stake their coins into our liquidity pools and vaults. This effort entails adding liquidity to ScarySwap's network, and then staking liquidity provider tokens. Projects incentivize this behavior when it enables them to function more efficiently.
Users can expect the following yields on ScarySwap by providing liquidity (LP) or by locking their $Pumpkin in Booster vaults;
Swap Fee Profit-Sharing ( this doesnt apply to the 0% fees pairs ): Whenever a trade is made on ScarySwap, 0.25% of the swap fees are distributed to liquidity providers (through our Farms) and 0.05% of swap fees are distributed to those who lock their $PUMPKIN on Booster Vaults.
Network Token Reward: On top of the profit-sharing of swap fees, liquidity providers and lockers of $Pumpkin will also get additional rewards in the form of $Pumpkin native tokens. FOR IN-DEPTH DOCUMENTATION ABOUT YIELDS AND FARMS PLEASE VISIT THIS SITE :