💰How to Farm

PiperX provides farms for both concentrated and standard liquidity pools. In this guide, we use concentrated liquidity farming(similar to Uniswap V3) as an example.

All numbers in the screenshot are example values from Devnet – just for user guide! ⚠️Always do your own research before farming! Providing liquidity on a DEX can expose you to impermanent loss risk.

1. Providing Liquidity to Pools offering Farming Rewards

• Navigate to the 'Pool' Section and click "Farms Only" to See Farming Pools

• Providing Liquidity into a Concentrated Liquidity Pool(V3) based on your chosen price range. In return, you'll receive NFT-based LP tokens that represent your unique liquidity position within the set price range. (Link: Add Liquidity Guide with Screenshot)

1. Staking Your LP Tokens for Extra APR for a Concentrated Liquidity Pool(V3)

• Navigate to the 'Position' Tab: After providing liquidity, go to the ‘Position’ tab where you’ll see your liquidity positions listed.

• Click 'Stake' on Your LP Token: Find your position and click on the ‘Stake’ button next to it. Staking your LP token locks it into the platform, allowing you to earn additional APR rewards on top of the fees generated within your price range.

Farm by staking LP tokens

• Confirm the Stake: Select the LP token to stake, confirm the amount, and complete the staking transaction. By staking your LP token (NFT), you’ll start earning additional rewards, such as $IP or other farming incentives.

3. Claim/Monitor Your Rewards

• Track Your Earnings: As your LP token is staked, you will earn rewards from trading fees and the extra APR. You can track this in real-time under "Staked Concentrated/Standard" tab via the ‘Position’ tab. (Please note after you stake LP tokens, your position will move from "Concentrated/Standard" tab to "Staked Concentrated/Standard" tab.)

• Monitor Fees: Keep an eye on the fees generated by your position, which depend on the trades within your selected price range.

• Claim Rewards: If you wish to claim the rewards earned, you can do so at any time from the ‘Position’ section by clicking harvest.

4. Withdrawing or Adjusting Your Position

1. Unstake Your LP Token: If you want to withdraw your LP token, go to the ‘Position’ tab and click ‘Unstake’. This action will allow you to remove your liquidity from the pool.

Unstake

1. Adjust Your Position: You can also change your price range or add more liquidity to a different position by withdrawing and reinvesting your assets.