Yield Farming
Farming without infinite inflation
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Farming without infinite inflation
Last updated
Was this helpful?
In order to participate in MIDAS platform yield farming, the user requires to obtain UNI-V2 LP tokens (ETH-MDS Pair) and stake them on
The UNI-V2 LP tokens (ETH-MDS Pair) are obtained by providing Ethereum and Midas token($MDS) as . To provide liquidity, the user needs to hold both Ethereum and Midas token in his or her wallet address.
*Note that the liquidity tokens can be removed from the MIDAS Uniswap LP pools from anytime.
Once the liquidity tokens are obtained, the user stakes them on MIDAS platform to begin the farming process. When farming, users will receive MDS for staking rewards depending on the share of the total amount of LP tokens staked and the current block per token generation.
The current APY, TTL(Total Locked Liquidity), and TVL(Total Value Locked) are easily observed on the Midas-defi.finance page under the Stake tab.
Note that the current APY on Midas Pool is not a fixed return. It is not a promised return and it is not financial advice for investment. The returns are based on token generation per block and the value of the LP token.
Dashboard tab on Midas platform will show the user useful information regarding the current total circulating supply, total liquidity, Midas balance, price of Ethereum and Midas, and reward end block.