BurgerSwap Presents Farms | *Tutorial Inside
BurgerSwap is excited to release “Farms”, a new product where users will be able to acquire new token rewards in return for staking BLP tokens.
The first project to be hosted on Burger Farms is FinNexus (FNX). Users will be able to stake their FNX-BURGER BLP token into the FNX Farming Pool to share the 14,000 cFNX rewards.
What is Burger Farms?
Burger Farms allow users to stake BLP token to farm and earn rewards for free, in addition to the reward they obtained by providing liquidity. In Burger Farms, you can unstake at any time. Rewards are calculated per block.
Burger Farms also help projects to issue and distribute their project tokens in a decentralized way.
How to farm on BurgerSwap?
Before farming, all users must make sure that:
- Your wallet is connected to BurgerSwap and is on the BSC network.
- There are sufficient BNB in your wallet to pay for GAS fee.
Users can pick the farming pool that they are interested in farming. For this example, we will show you how to farm in the FNX Farming Pool.
Step One: Get FNX/BURGER LP tokens
Go to BurgerSwap, choose “Trade” - “Liquidity” tab, and choose V2 (*Only V2 LP tokens can be used for farming). Click on “Add Liquidity”.
Choose FNX and BURGER, you need to approve FNX and BURGER on your wallet first, click on “Supply” and confirm the transaction. Then you will get the FNX-BURGER BLP tokens.
Step Two: Stake the BLP tokens to farm on BurgerSwap
Go to the “Farms” tab, click “Approve” to allow access to your FNX-BURGER BLP tokens, click “Stake“, enter the amount, and confirm the transaction in your wallet.
Step Three: Harvest your rewards
To harvest your rewards, click “Harvest” to claim all cFNX and BURGER you earned, confirm the transaction in your wallet. cFNX can be exchanged for FNX 1:1 on options.finnexus.io.
- In order to provide users a better user experience and support Farms, we have released the V2 version in “Liquidity” together. The V2 beta, adding liquidity services, will be stopped. This will not affect any previous liquidity added in the V2 beta.
- Only V2 LP tokens can be used to farm on BurgerSwap.