Yieldfarm Token (YFT)
The rocket fuel of the Yieldfarm Ecosystem
The Yieldfarm Token is the utility token of the Yieldfarm Ecosystem. Holding YFT enables everyone to access the Yieldfarm platform and benefit from its yield optimization system. Also you will be able to participate in Yieldfarm’s platform fees and more to come.
Discount on Vault Fee
New Farming Pools
Yieldfarming with Yieldfarm Token
Stake LP tokens, earn Yieldfarm tokens. You take on a little more exposure to market fluctuations than with the staking, but can earn higher APR to offset the risk. Users need “LP Tokens” to enter into a Farm. The Farms can only accept their own exact LP Token. For example, the YFT-BNB Farm will only accept YFT-BNB LP Tokens. To get the exact LP Token, you’ll need to provide liquidity for that trading pair. Therefore to get YFT-BNB LP Tokens, you’ll first have to provide liquidity for the YFT-BNB pair by using your YFT and BNB to purchase the YFT-BNB LP Token.
It may sound intimidating, but it’s not too complicated. Her team is gonna help you through step by step.