đYield Farming
TAOHarvest's Yield Farming is a multi-layered incentive structure designed to reward users for providing liquidity to the platform. This process is structured to increase liquidity within the network, thereby enhancing the platform's overall functionality and stability.
- Providing Liquidity: Users start by providing liquidity to one of the available pools on TAOHarvest and receive stLP (staked Liquidity Provider) tokens. These tokens represent the user's share of the liquidity pool. The amount of stLP tokens received is proportional to the user's contribution to the pool, relative to the total liquidity present.
- Staking stLP Tokens: With stLP tokens in their possession, participants are then eligible to stake these tokens on the TAOHarvest platform. This action allows users to participate further in the ecosystem's financial activities, offering them a chance to earn additional rewards.
- Earning Revenue Share: Participants who stake their stLP tokens become entitled to a portion of the revenue generated from the pool's transaction fees. This revenue is distributed among stLP stakers, proportionate to their share of the total staked volume.
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