Farming
The key to realizing your financial goals. Unlock financial growth through crypto farming. Plant your seeds and watch your crypto grow!
Last updated
SmarDex Protocol
The key to realizing your financial goals. Unlock financial growth through crypto farming. Plant your seeds and watch your crypto grow!
Last updated
For a decentralized exchange (DEX) like SmarDex to function efficiently, it relies on the lending of tokens by its users. These tokens facilitate transactions between different participants. Liquidity providers, by fueling the with their paired tokens, are at the heart of this system. In recognition of their vital contribution, SmarDex rewards these contributors with (also called LP tokens), distributed proportionally to their contribution in the . These tokens not only entitle them to a portion of the fees generated from transactions within this but also offer additional rewards through farming.
The liquidity of a is paramount for ensuring seamless trades, contributing to the smooth operation of the platform, which is crucial for an optimal user experience and market efficiency. To stimulate this essential liquidity, SmarDex launches Farming Campaigns to reward liquidity providers. They simply need to stake their in the corresponding farming pool to receive attractive rewards.
Imagine that you invest $3,000 in the ETH-WBTC on SmarDex, which has a total liquidity of $100,000. Your contribution thus represents 3% of the total liquidity of this , and you accordingly receive 3% of the corresponding LP tokens. To benefit from the rewards of the Farming Campaign, you need to go to the "Farming" section on SmarDex.io and stake your in the corresponding farming pool. By doing this, you activate your right to collect the yields promised by the active farming campaign.
