🚜Yield Farming

Farms allow users to earn MEIJI tokens while supporting IGO by staking LP Tokens.

Check out our How to Use Farm guide to get started with farming.

Farming can give better rewards than Pools, but it comes with a risk of Impermanent Loss. It’s not as scary as it sounds, but it is worth learning about the concept before you get started.

Check out this great article about Impermanent Loss from Binance Academy to learn more.

How to different with the general Farm?

The main difference is to lock LP(MEIJI-BUSD) tokens in farm for certain time

Unlike general farming, MeijiDAO farm is locked for certain time(for example, 7 days). Locked farm makes it's impossible to withdraw LP token for 7 days. Just possible to add LP tokens and claim rewards.

MeijiDAO V1 has only farm pool with 7 days locked option. We are going to integrate several options with different locked time like in staking pools later.

!Important: it's possible to bid in featured IGO projects during the farming. Users can take part in IGO with locked amount in farming , receiving rewards until unlocked. In a word, farmers can get opportunity to get target project tickets and high rewards together.

Please check below to discover source code related with Farm.

Farming Contract