How to Use Farms
Yield Farming in the farms is a great way to earn CST rewards on CryptoSwap.
Unlike Pools, Farms require you to stake two tokens to get LP Tokens, which you then stake in the Farm to earn rewards. This lets you earn CST while maintaining your position in your other tokens!
Yield farming usually offers better rewards than Pools, but it comes with the risk of Impermanent Loss (IL). What is IL? Take some time to learn about this important trading concept before you get started.
Yield farming takes a little extra work to set up.
You’ll need some "LP Tokens" to enter into a Farm with. Farms can only accept their own exact LP Token; for example, the CST-BNB Farm will only accept CST-BNB LP Tokens.
To get the exact LP Token, you'll need to provide liquidity for that trading pair. So to get CST-BNB LP Tokens, you'll first have to provide liquidity for the CST-BNB pair.
Don't be intimidated! We'll take you through this step-by-step.
Before proceeding, you'll want to choose a Farm that's right for you. Visit the Farms page to see the list of available Farms.
CST-BNB and BUSD-BNB are pinned to the top of the list with the default Hot sorting. After the pinned Farms, Hot will show other Farms in order of how new they are.
You can choose another sorting option if you like, such as by APR for the Farms with the highest reward rate currently.
When you find a Farm that you'd like to use, write down the trading pair you will need, e.g. BNB-CST.
Now that you've found a Farm to stake in, you will need to add liquidity to get your LP Tokens.
- 1.Click on the row of the Farm you've chosen from the list. It will open to show more details.
- 2.On the left, you'll see some links. Click the Get (your pair) LP link.
This will open the Add Liquidity page for your Farm's pair. We have a guide to adding liquidity you can follow to get your LP Tokens.
Now that you have your LP Tokens, you’re ready to stake them in a Farm to earn rewards!
- 1.Go back to the Farms page and locate your Farm. Click anywhere on the row showing your pair. It will expand to show more details.
- 2.When you're ready, click the Enable button and confirm the transaction in your wallet.
- 3.One the transaction is approved, the Enable button will change to Stake LP. Click it and a new window will open.
- 4.Type the amount of LP tokens you would like to farm with into the field, or just click Max to use all of your LP tokens.
- 5.When you have entered the desired amount, the Confirm button will light up. Click on it. Your wallet will ask you to confirm your transaction.
- 6.One your transaction is confirmed, the window will close, and you will see your new staked LP token balance in the details.
You may decide you would like to add more LP Tokens to a Farm at a later date, or to remove some from a Farm. You can do this whenever you like.
- 1.Return to the Yield Farms page. At the top of the page you'll see a Staked only toggle button. Click the button.
You should now only see the pairs you have LP Tokens in on the list, making it easier to find your Farm.
- 1.Find the Farm you have LP Tokens in, and click the row to view details. You will see a - and + button on the right-hand side. Click - to remove LP Tokens, or + to add more LP Tokens.
- 2.A window will open that looks like the one you used earlier to first stake your LP Tokens. Like last time, type the amount you would like to unstake/stake, or click Max to remove/add all available LP Tokens.
- 3.Make sure your information is correct. When you are ready, click the Confirm button and confirm the action in your wallet.
- 4.Once your transaction is approved, your new balance will show in the details section of your LP Token pair. If you've unstaked your LP Tokens, any unharvested rewards you had will automatically be collected.
Farming will bring you CORIS rewards over time. You can collect these rewards and use them to get more LP Tokens, stake them in Pools, use them to play Lottery, or anything else you’d like.
You can harvest your Farm and Pool rewards together from the Home page. If you'd like to collect your farming rewards only, follow these steps:
To collect your rewards, you’ll need to visit your chosen Farm and collect the CST waiting for you.
- 2.Find the Farm you staked your LP Tokens in, and click the row to view details. You should see an estimate of your rewards under “CST earned”.
- 3.Click the Harvest button and confirm the action in your wallet. After a short wait, the CST will be claimed to your wallet for you to use as you like.
How often you harvest your rewards is up to you, but it does help to remember that there is a small fee involved in harvesting.
You can see this fee in your wallet when confirming after clicking Harvest.
This shows the fee for harvesting as it appears in the MetaMask wallet. Different wallets will show the information a little differently. Consider leaving your rewards to grow for a while so you pay fees less often.