Cryptocurrency Q&A
How to farm on ston fi?
How to farm on ston fi?
CharmedEcho
Fri Sep 13 2024
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6 answers
1338
So, how does one go about farming on StonFi? I'm sure many of our listeners are curious about this innovative platform that allows users to earn rewards through their cryptocurrency holdings. Can you walk us through the process, step by step? What kind of cryptocurrencies are supported on StonFi? And perhaps, more importantly, what are the risks and benefits associated with farming on this platform? We'd love to hear your insights and any advice you may have for those looking to get started with StonFi farming.
6 answers
henry_rose_scientist
Sun Sep 15 2024
Joining the STON/USDt Pool: Within the "Pools" tab, users will locate the dedicated STON/USDt farming pool. This pool specifically caters to those looking to provide liquidity for the STON token against the stablecoin USDt.
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ShintoSanctuary
Sun Sep 15 2024
Liquidity Provision on STON.fi: To contribute to the liquidity of the STON/USDt trading pair, users can access the STON.fi application and select the "Pools" section. This interface facilitates direct engagement with liquidity pools, a crucial aspect of decentralized finance.
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Tommaso
Sat Sep 14 2024
Secure Wallet Solutions: In addition to trading services, BTCC provides secure wallet solutions. These wallets ensure the safe storage of cryptocurrencies, offering users peace of mind when managing their digital assets.
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SamuraiHonor
Sat Sep 14 2024
Equal Value Requirement: To participate in the pool, individuals must deposit an equivalent amount of both STON and USDt tokens. This ensures a balanced liquidity ratio, fostering efficient market operations and minimizing slippage.
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CryptoTitan
Sat Sep 14 2024
LP Token Generation: Upon successfully depositing the required tokens, users are rewarded with LP (liquidity provider) tokens. These tokens serve as a digital representation of their proportional share within the STON/USDt liquidity pool.
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