☺️
Farmix appeared relatively recently, it is a semi-finalist of
#DoraHacks hackathon. In a nutshell, it is a marginal farming protocol that allows you to significantly increase the profitability of your farms by using leverage.
🪙 We have already tested their farming pools a couple of weeks ago, everything went well and without complications. At that time, the APR in the farms was very high, some pairs gave up to 9,000% APR. Below is a short guide for working with Farmix.
🐷 On average,
#Farmix farms are 3-5 times higher than in
#DEX pools. There are two options to earn income for providing your assets: Lending and Farms. We will look at the Farms option, because this is the most interesting:
🟡
Log in to Farmix and connect your MTW wallet.
🟡 Go to the "Farmers" tab and find the pair you are interested in, for example we will use the STORM/TON pair.
🟡 First, select "Borrow asset" — this is the asset in which you will take a loan for leverage in the farm. In the case of the STORM/TON farm, only the TON loan asset is available.
🟡 Enter in the $STORM/$TON fields how much STORM and TON you will provide as collateral. In
#Farmix you can open a farm with one token, it is not necessary to provide both tokens, as the smart contract itself will convert the tokens into a 50/50 pair and form LP tokens.
🟡 Select the leverage (Leverage slider) with which you want to open the farm. The higher the leverage, the higher the APR of the farm, but the liquidation risks also increase.
🟡 Click Open position at the bottom, sign the transaction in the wallet and in a few minutes your first farm will be open.
⚠️ Important: Please note that leverage is only provided for collateral in $TON , $USDT , $tsTON, $stTON, $NOT . Any position with leverage > 1 has its own health factor. HF > 1.3 is considered moderate, HF = 1 - the position is liquidated.
📊 At first glance, the guide may seem complicated, but everything is generally intuitive. If you have any questions about the work of the project, farms, etc., you can ask them 🔔
in our chat. You will also receive RP points for staking and farming, more details in the "Reward activities" tab. And as usual
#NFR #DYOR
Farmix |
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