Since a lot of community members have had trouble understanding the farming process, we’ve put together this step-by-step guide to help you understand the entire farming process.
Ensuring sufficient value of both the tokens in a liquidity pair
First thing to ensure before adding liquidity to any one of Dfyn’s liquidity pools is that your wallet has enough amount of tokens for providing liquidity to the desired pool. In case it does, you can skip the following steps and jump directly to this section. Otherwise, you need to follow these steps:
Step 1) Connect your MetaMask to Matic Mainnet and check your balance. Since my wallet doesn’t have sufficient amount of ETH for adding liquidity to ROUTE/ETH pool, we would need to swap some of the other assets in exchange for ETH.
Identify the farm that you’re eligible for (I am eligible for ROUTE-ETH since I own ROUTE-ETH LP tokens) and click on Deposit. You can participate in multiple farms as long as you have LP tokens corresponding to that farm.
Step 2) In the screen that opens up following the last step, click on Deposit Dfyn LP Tokens at the bottom.
Step 3) Enter the amount of LP tokens you want to stake and click on Approve.
Step 5) After signing off the transaction on MetaMask, you will be allowed to Deposit your LP tokens. Click on Deposit to proceed.
Step 6) Review the gas fees and confirm the MetaMask transaction.
Congratulations! You have now successfully staked your LP tokens on Dfyn to earn $DFYN tokens. You can also check out the amount of $DFYN accrued under the “Your unclaimed DFYN” heading.
Note: You can withdraw your LP tokens from the farm any time you want. However, you will only be able to claim your rewards (DFYN tokens) in accordance with the vesting schedule.