Compound Your Staking and LP Rewards with R0AR Farming
R0AR Farming: Rewards On Top of Rewards
R0AR token farming allows users to compound their crypto rewards earned through staking and LP by adding an additional level of interest. It is essentially the third layer of the R0AR crypto rewards mechanism.
Get Your R0AR-ETH LP Tokens
Before getting started with farming, you will need ETH-R0AR LP tokens. You get these LP tokens for becoming a liquidity provider on the xCHANGE.
Navigate to Farming Pools
From the xCHANGE's main interface, click the three lines on the top left to open the menu. Click the arrow next to "Earn" and then click "Farms." Close the menu to view the farming options.
Choose Your Farming Amount and Duration
Select the amount of R0AR-ETH LP tokens you want to contribute to the farming pool. The DEX will display the APR (Annual Percentage Rate) for each pool. Choose your desired lock-up period from the available options: 1 day, 7 days, 14 days, 30 days, or 1 year.
Confirm Your Stake and Monitor Rewards
After selecting your staking amount and lock-up period, review the estimated returns provided by the ROI calculator. Once you're satisfied with the details, click "Confirm" and approve the transaction in your connected wallet. You can then monitor your staked LP tokens and accrued rewards on the farming dashboard.
Congratulations! You are now farming for R0AR token rewards.
Claim Your R0AR Rewards
To claim your earned R0AR rewards, simply click the "Harvest" button on the farming dashboard. The R0AR tokens will be automatically deposited into your connected wallet.
FAQs
Farming rewards are calculated based on the Annual Percentage Rate (APR) of the specific pool and the amount of R0AR-ETH LP tokens you contribute.
You can unstake your LP tokens, but they are subject to a lock-up period that you select when you first stake them. The lock-up periods range from 1 day to 1 year, and you cannot access your tokens before the chosen period ends.
You can obtain R0AR-ETH LP tokens by providing liquidity to the ETH-R0AR trading pair on the R0AR xCHANGE. This involves depositing both ETH and R0AR tokens into the liquidity pool.