Dear Community,
DAO1 is pleased to announce that the long-awaited Farming feature is now live on DAO1! We are excited to show you how Farming works on DAO1.
The Farming process:
- DAO1 will offer six farming pools
- Users will add funds to a liquidity pool of their choice
- At this stage, the user becomes a liquidity provider (LP)
- The smart contract responsible for the pools will ensure funds are in a position to farm
- Users can deposit their LP token receipt into a farming vault and earn additional DAO1 tokens
- Fees: 1.5% if anyone stops farming, whereas withdraws have no deposit fee
Farming will be live on various trading platforms with farming pools through the trading pairs DAO1/USDT. The APY will be variable and will depend on volume and the size of the liquidity pool. There will be a higher APY and as the liquidity pool grows larger, the APY will be sustainably reduced.
The link for Farming on DAO1: farm.dao1.org
If you have any questions please feel free to reach out.
DAO1 Team
