How to stake Liquidity Pool (LP) tokens to earn
Last updated
Last updated
Yield Farming in Staking pools is a great way to earn ICR rewards on ISwap.
You need to stake two tokens to get LP Tokens, which you then stake in the Stacking pool to earn rewards. This lets you earn ICR while still keeping a position in your other tokens!
Yield farming 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.
Before you proceed, you’ll want to choose a pool that’s right for you. Visit the Staking page and you’ll see a list of available Pools.
2. Click on the row of the Farm you’ve chosen from the list. It will open to show more details.
Befor you can continue here you need to add Liquidity for your Farm’s pair. We have a guide to adding liquidity you can follow to get your LP Tokens.
3. When you’re ready, click the Stake/Unstake button and new window will appear.
Type the amount of LP Tokens you would like to farm with into the field, or just click Max to use all of your LP Tokens.
4. When you have entered the amount, the Stake button will light up. Click it. Your wallet will ask you to confirm your action.
5. After a short wait, the window will close, and you will see your new staked LP Token balance in the details.
