π§βπΎLiquidity Farm (Yield Farming)
Last updated
Last updated
Stake LP tokens to earn $dKNIGHT token
At DARK KNIGHT, we use our farms to incentivize users to provide liquidity for their favorite FTM projects by rewarding them in $dKNIGHT. As a DEX, the more liquidity we have the more users can trade freely & safely. As an investor, by providing liquidity for your favorite project you will also help to reduce the volatility in price. This ensures a more consistent return on your investment in the long term.
By using our farms users can stake their LP tokens after providing liquidity to earn high APYs through our platform, which help to offset Impermanent Loss risk.
Because of the nature of DeFi providing does not come without some risks. If youβre considering supplying liquidity to one of our pools in order to farm, itβs important to understand the effects of impermanent loss. For a great guide on impermanent loss, check out this article from Binance Academy or a video from the Wolf Den
Learn more about how to get started here