XFai Guide to Farming: One Click, 500%+ APY
XFai has created a streamlined, one-step farming process suitable for novice and seasoned farmers. XFai believes this process to be frictionless, free of slippage and offer Impermanent gain.
Farming XFIT tokens will allow you to earn rewards in APY and XFIT Tokens for as long as you stake your tokens in our liquidity pools.
What is APY?
APY stands for annual percentage yield. The higher the APY the bigger the rewards on your amount farmed.
How do I take part?
STEP 1: On the day of the LGE go to XFai.com and click on ‘Farm
You will be presented with a Farming Dashboard
You will see the APY displayed at the top of the screen. APY is synced for all pools. Meaning that all pools earn the same amount of APY as each other.
Each pool is a token pair for example USDT + XFIT
TVL (Total Value Locked) indicates the total value of the pool.
STEP 2: .Click ‘Connect Wallet’ — This will allow you to connect using MetaMask.
Once your wallet is connected, the Dashboard will automatically detect the currency in your wallet. For example, If you have USDT in your wallet the dashboard will show how many XFIT you can purchase. The ratio between XFIT and the stablecoin is fixed at 1 to 1. This means that if you were to put 6000 USDT into the liquidity pool, your pledged amount would be converted to 3000 USDT worth of XFIT, and keep 3000 USDT.
STEP 3: Select the amount you want to trade and hit FARM!
The panel will now update to show your currency/XFIT staked. The longer you stake the more XFIT APY rewards you earn.
Once you are farming you have the option to Harvest or Add to Farm.
Add to Farm allows you to add more to your staked amount.
Harvest allows you to claim your XFIT rewards into your wallet
Once you click on Harvest, you will be presented 2 options:
Harvest XFIT and Unstake
Harvest XFIT — This allows you to claim the rewarded XFIT tokens into your wallet, while keeping the staked amount in the liquidity pool to keep farming additional rewards of XFIT
Harvest XFIT and unstake — This allows you to Claim rewards and withdraw the staked amount you have in the pool or a portion of it using the slider.
It’s as simple as that! Frictionless, one-step, anti slippage, low gas fees farming — Powered by XFai!
XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DLO is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai’s native token, XFIT, is set to launch on 15th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.