🚜Liquidity Pool Farming
Mate has no presale, private investors, and IDO.
Here are only three ways to get Mate – participation in Liquidity Farming, buying from the open market & getting Mate as fee compensation for using the product.
Liquidity Pool Farming
Liquidity Pool Farm allows anyone to earn MATE while supporting the Mate ecosystem by staking Liquidity Pool (LP) tokens.
If you are not familiar with how LP token works, you may read this resource.
Most of the time, LP farming provides better APY than single asset staking pools. However, there is an impermanent loss (IL) risk that comes along with LP farming.
Before deciding between staking single asset or LP tokens, check out this article about Impermanent Loss from Binance Academy or watch this video from Youtube to learn more.
The APY includes:
Fees collected for providing liquidity. (Every trade between your LP pairs will reward LP provider fees.)
Staking rewards.
Explore the Farm
You can only stake LP that is available on the Farm. You can visit the Farm page to check the available list of farms.
How to use Farm
You can earn lucrative APYs by providing liquidity via Farm!
Unlike single asset pools, you need to stake Two Tokens to get LP tokens, which allows you to stake in the Farm to earn rewards.
If you missed out on the previous article about Impermanent Loss (IL), please take some time to fully understand the risk behind providing liquidity with your LP tokens.
Getting Started
First, you need to have Two different tokens to create an LP token.
Farms can only accept tokens with the right designated pair.
As for now, the available farms are:
ORK-BNB
MATE-BNB
ORK-USDT
MATE-USDT
Obtaining LP tokens
For v1, you can only obtain liquidity provider tokens via Pancakeswap.
This is subject to change as we continuously improve and add new features to Mate.
Pancakeswap has a complete guide on creating and adding liquidity here.
To obtain the LP tokens, you may get them via PCS by clicking the options below:
Once you have the LP tokens, you can stake the LP tokens in the farm and start earning attractive yields!
Warning: Always double-check the contract address to ensure you are buying the RIGHT tokens! BSC doesn't limit contract creators from creating fake scam projects.
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