OmniDex
  • Introduction
    • About OmniDex
  • Getting Started
    • How to get Telos
      • Bridge using ELK
      • Bridge using Multichain
    • FAQ & Troubleshooting
  • Portfolio Management
  • Trading
    • Trading Principles
    • Trading Examples
    • Step by Step Trading
      • Limit Orders
      • Managing Positions
      • Closing Positions
    • Fees & Costs
    • Liquidations
    • OLP
    • OmniTrade Technical Overview
    • Trading FAQs
  • Lending
    • Earning With OmniLend
    • Borrowing with OmniLend
    • Liquidation
    • Lending FAQs
    • Risk Management
    • Liquidations
  • Exchange
    • Zero Slippage Swaps
    • Classic Swaps
    • Liquidity
    • Farming
  • Investing
    • OmniTrade Rewards
    • OLP Rewards
      • Buying & Selling OLP
      • OLP Rebalancing
    • Escrowed CHARM
    • Multiplier Points
    • Exchange Rewards
    • Staking
      • CHARM Staking
      • Escrowed CHARM Staking
      • KARMA Staking
      • Partnership Staking
    • Tokenomics
      • Token Supply
  • Referrals
  • Glossary
  • Appendix
    • Contracts
      • Contract Addresses
      • Token Addresses
    • Resources
      • Brand Assets
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On this page
  • OmniDex Farm Strategy
  • Farming Rewards
  • How to Start Farming
  • Finding your Farm
  1. Exchange

Farming

OmniDex Farm Strategy

With the introduction of zero slippage swaps, many of the most frequent token exchanges can now be conducted through the OLP liquidity pool. This means that there is no longer a requirement to have independent liquidity pairs for these tokens. Tokens that can be swapped interchangeably with zero slippage are: USDC, USDT, TLOS, BTC and ETH.

Liquidity pairs are still required for smaller cap tokens as these will continue to be exchanged through Classic Swaps. OmniDex Farms are therefore only provided where these independent liquidity pairs are required.

The current set of available farms can be found here.

Farming Rewards

Information on the rewards from Farming can be found under the Exchange Rewards section of our investment documentation.

How to Start Farming

Before you start farming you’re going to need some "LP Tokens". Farms can only accept their own LP Token; for example, the CHARM-TLOS Farm will only accept CHARM_TLOS LP Tokens. To get these LP Tokens, you'll need to provide Liquidity for that trading pair. For example, to get CHARM_TLOS LP Tokens, you'll first have to provide liquidity to the CHARM_TLOS pair.

Once you have your LP tokens you are all set to get farming!

Finding your Farm

Before you proceed, you'll want to choose a Farm that's right for you. Visit the Farms page and you’ll see a list of available Farms.

  1. Connect and confirm your wallet.

  2. Navigate to the Farms page and locate your Farm. Here you will see information about the farm such as Liquidity, Pool Weight & APR.

  3. When you’re ready, click the Enable button and confirm your action in your wallet.

  4. After a short wait, the Enable button will change to Stake LP. Click it and a new window will appear.

  5. 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.

  6. When you have the amount entered, the Confirm button will light up. Click it. Your wallet will ask you to confirm your action.

  7. After a short wait, the window will close, and you will see your new staked LP Token balance in the details.

Congratulations, you are now earning $CHARM rewards from the Farm!

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Last updated 1 year ago