YIELD FARMING ON UBESWAP.
14 Mar 2023, 15:20
YIELD FARMING ON UBESWAP
1️⃣Provide liquidity: You need to provide a 50:50 ratio of tokens to the pool, an equal value (in USD) of PLASTIK and CELO tokens.
Add liquidity 👉https://t.co/WRDuZcKTcF
Tutorial👉https://docs.ubeswap.org/tutorial/providing-liquidity
2️⃣Deposit liquidity: after adding liquidity to the pool you will receive Liquidity Provider tokens( LP-UBE) that you will have to deposit in the yield farm pool.
Deposit liquidity👉https://t.co/bdXMLctEhO
Tutorial👉https://docs.ubeswap.org/tutorial/deposit-liquidity-in-yield-farm
3️⃣Earn rewards: Once your LP-UBE tokens are deposited in the pool, you'll start earning rewards in UBE, the Ubeswap protocol governance token. You can claim the rewards at any time.
✳️There are no lock-in periods, you can add and withdraw liquidity at any time.
✳️The farming APR will vary depending on the amount of liquidity in the pool. It is currently around 60%.
✳️Liquidity providers also earn a 0.25% fee on all trades proportional to their share of the pool. Those rewards are paid out in LP tokens. They are still accrued while yield farming. Fees are added to the pool, accrue in real time and can be claimed by withdrawing your liquidity.