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What is yield farming, and how can you get started farming with $NFTART? In this article, we take a look at everything you need to know to get started.
Yield farming with $NFTART on nft-art.finance!
Before you can start farming, you need a 50/50 split of NFTART-BNB. If you already have the LP pair from previous farms, you can simply withdraw them and deposit them directly in the native farm.
Head over to https://farm.nft-art.finance/, connect your wallet, and click "Provide Liquidity For NFTART LP On PancakeSwap" to add your liquidity to the pair:
After adding liquidity and receiving your LP tokens, you will start receiving rewards in the form of transactional fees. By staking LP tokens in the farm, you will start receiving additional rewards in the form of $NFTART. You can harvest your rewards whenever you want, but you should be aware of the transaction fees before you press harvest.
Farming with MetaMask or TrustWallet
You can connect directly to the farm with MetaMask on a desktop, or connect with Trustwallet through a dApp browser on mobile.
💡 Impermanent loss, APRs and APYs? There are both great rewards and significant risks to consider when yield farming. If you’re new to the concept, we highly recommend you to check out this in-depth article on farming with $NFTART on enter.blog to get the full scope.
Adding or removing LP tokens
When LP tokens are added or removed from the farm, your current yield will be harvested automatically.
NOTE: $NFTART is deflationary, and the 10% transactional fee is still intact when transferring to or from LP tokens. The LP tokens do not have any tax when moved or staked. The total tax for creating and breaking LP tokens is 20%.
👀 TVL, APR and APY stats?
Keep track of the current state of the farm here!
The page is automatically updated with data from CoinMarketCap & CoinGecko on an hourly basis.
APY calculation: The APY is based on a current estimate and is subject to fluctuations over time, dependent on multiple factors such as (i) TVL, (ii) transaction volume on PancakeSwap, (iii) and elsewhere. enter is not responsible for any tokens lost in PancakeSwap liquidity providing, staking or farming.