How to stake Farms

Stake LP tokens to earn UFF

Yield Farming in Farms is a great way to earn UFX rewards on United Farmers X.

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 UFX while still keeping a position in your other tokens!

Yield farming can give better rewards than Pools, but it comes with a risk of Impermanent Loss. It’s not as scary as it sounds, but it is worth learning about the concept before you get started.

Check out this great article about Impermanent Loss from Binance Academy to learn more.

Getting prepared

Yield farming takes a little work to get 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 UFX-BNB Farm will only accept UFX-BNB LP Tokens.

To get the exact LP Token, you'll need to provide liquidity for that trading pair. So to get UFX-BNB LP Tokens, you'll first have to provide liquidity for the UFX-BNB pair.

It may sound intimidating, but it's not too complicated. Let's go through it step by step.

Finding your Farm

Before you proceed, you'll want to choose a Farm that's right for you. Visit the Farms page and you’ll see the farms which are available.

When you find a Farm that you'd like to use, note down the trading pair, e.g. UFX-BNB in case you need it later.

Providing liquidity to get LP Tokens

Now that you've found a Farm to stake in, you will need to add liquidity to get your LP Tokens.

In the section "How to Add/Remove Liquidity" you can find how to make the LP Token you need for staking in a farm.

Putting your LP Tokens into a farm

Now that you have your LP Tokens, you’re ready to start staking them in a Farm and earning UFX and/or UFGRAIN Tokens!

Putting your LP Tokens into the Farm

1. Before we can stake LP tokens, we need to approve the farm we want to stake in. So now we have to press the button "Approve" to access the UFX-BNB farm. Your wallet will ask you to confirm the action.

2. After a short wait, the approve button will change to Stake. Click it and a pop-up will appear.

3. In the pop-up, you can stake your LP tokens. Press the button "Max" to add maximum LP tokens. After that, you press the button "Confirm," and your wallet will ask you to confirm the action.

4. After a short wait, the window will close, and you will see your new staked LP Token balance in the details.

All Farmers, let's unite and make money