🚜 Liquidity Farm
9.75%
of the initial token supply (97,500,000 PALM
) will be distributed to users staking LP in the Farm. In each BNB Smart Chain Block, 1.5 PALM is generated and allocated to the Farmers.
Farms allow you to stake Liquidity Pool (LP) tokens to earn PALM. The LP tokens come from liquidity pools by adding tokens to provide liquidity on Pancakeswap.
Farming can give better rewards than Staking 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.
Withdraw: Farmers have no Cool Down Periods when making a withdrawal.
Compound: Farmers have the option to compound their rewards into the Staking Pool.
To deposit LP to the Farm, follow these steps:
- Click on “Add Liquidity”
- Add PALM-BNB or PALM-USDT to the liquidity pool. If you have added liquidity you will receive LP tokens from Pancakeswap.
- Go to Palmswap - Farm
- You must enable PALM the first time you deposit
- Enter the amount of LP you want to stake to the pool
- Click “Confirm”.
LP funds are now active and start earning rewards immediately.
Last modified 6mo ago