Position Exchange
  • Position Exchange Introduction
  • Getting started
    • Create a wallet
    • Get BEP20 Tokens
  • Business and Partnerships
    • Community Leaders Referral Program
  • Position Token (POSI)
    • What is POSI?
    • A Deflationary Token
      • Buy back and Burn
      • Anti-whale
      • Harvest Lock up
    • RFI Technology
    • Buy POSI
    • POSI Tokenomics
    • How is the TVL Calculated?
  • Products
    • Perpetual Trading Protocol
      • Perpetuals basics
        • Why Can't I Place a Futures Order?
        • Order type
        • Leverage for Perpetual Futures Contracts
        • Mark Price in Perpetual Futures Contracts
        • Funding rates
      • Beginner's guide
        • Connect your Wallet
        • Open Position
          • Open Limit Order
          • Open Market Order
        • Adjust Margin
          • Add Margin
          • Remove Margin
        • Set TP/SL
        • Close Position
          • Close Market
          • Close Limit
        • Position Exchange's Futures Transaction Fees
        • Trading Perpetuals
        • How to adjust the Leverage
        • Funding rate
        • Crypto Perpetuals
      • Perpetuals Specs
        • Smart Contract Reverted Error Code
      • Futures Referral
        • Futures Referral for Referrer
        • Futures Referral for Referee
      • Futures Task
    • DEX 2.0
      • Spot Trade 2.0 User Guideline
      • Concentrated Liquidity
        • Initialize a new pool
        • Add and Remove Liquidity
        • Shift range
        • Increase Decrease Liquidity
      • DEX Referral Rules
      • Incentives Programs
        • Position Exchange DEX Airdrop Introduction
        • DEX Airdrop Referral Rules
        • Lucky Fee
        • How to join Pancake Migrate Airdrop
        • How to join the Liquidity Providers Incentive Program
        • How to join the Lucky Fee Program
        • Reward Distribution Schedule
    • Exchange
      • Token Swaps
      • How to trade
      • Liquidity pools
      • How to Add/Remove liquidity
    • Position Bonds (Crypto Bonds)
    • Position P2P Bond
      • Sale rules
      • User's guide
        • How to issue a bond
        • How to purchase a bond
        • How to manage a bond - For issuers
        • How to claim assets when Bond's liquidated/matured - For holders
      • Liquidation
      • Policy
      • FAQs
    • Farming
      • How to use farms
    • Staking
    • NFTs
      • How to Cast & Stake NFTs
    • Referral System
    • Vaults
    • Gain Grid
      • Getting Started with Gain Grid
      • Volatility Interest
      • Gain Grid Frequently Asked Questions (FAQs)
      • Gain Grid Referral Program
      • Gain Grid Terms and Conditions
    • 📱Mobile App
    • Migration
      • Farms/Pools Migration Guideline
      • Vesting Schedule
      • New Staking Contracts
  • Whitepaper
  • Security
    • Audits
    • Privacy Policy
  • Others
    • Contracts
    • Social Accounts
  • Governance
    • What is Position Exchange Governance?
  • Roadmap
    • Position Exchange & Development Plan
  • Community
    • Reports (Bugs, Feedback, Suggestions)
    • Frequently Asked Questions (F.A.Q)
  • Events
    • POSI Twitter Lottery
Powered by GitBook
On this page
  • Getting prepared
  • Finding your Farm
  • Providing liquidity to get LP Tokens
  • Putting your LP Tokens into a farm
  • Putting your LP Tokens into the Farm
  • Adding or removing LP Tokens from a Farm
  • Collecting your farming rewards
  • Returning to your Farm to Harvest
  • Harvest lock up period:
  • No Staking/Unstaking fees:

Was this helpful?

  1. Products
  2. Farming

How to use farms

PreviousFarmingNextStaking

Last updated 3 years ago

Was this helpful?

Getting prepared

Yield farming takes a little work to get set up.

You’re going to need some "LP Tokens" to enter into a Farm with. Farms can only accept their own exact LP Token; for example, the POSI-BUSD Farm will only accept POSI-BUSD LP Tokens.

To get the exact LP Token, you'll need to provide liquidity for that trading pair. So to get POSI-BUSD LP Tokens, you'll first have to provide liquidity for the POSI-BUSD pair.

It may sound intimidating, but it's not too complicated. Let's go through step by step.

Finding your Farm

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

When you find a Farm that you'd like to use, note down the trading pair, e.g. POSI-BUSD in case you need it later.

Providing liquidity to get LP Tokens

Now that you've found a Farm to stake in, you will need to add liquidity to get your LP Tokens.

  1. Click on the row of the Farm you've chosen from the list. It will open to show more details.

  2. On the left, you'll see some links. Click the Get (your pair) LP link.

Putting your LP Tokens into a farm

Now that you have your LP Tokens, you’re ready to start staking them in a Farm and earning rewards!

Putting your LP Tokens into the Farm

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

  1. After a short wait, the Enable button will change to Deposit. Click it and a new window will appear.

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.

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

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

Adding or removing LP Tokens from a Farm

You may decide you would like to add more LP Tokens to a Farm at a later date, or to take some out of a Farm. You can do this very easily whenever you'd like.

You should now only see the pairs you have LP Tokens in on the list, making it easier to find your Farm.

  1. Find the Farm you have LP Tokens.

  2. Click Deposit if you want to add LP or Withdraw to remove LP

Make sure your information is correct. When you are ready, click the Confirm button and confirm the action in your wallet.

After a short wait, your new balance will show in the details section of your LP Token pair. If you've unsaked your LP Tokens, any unharvested rewards you had will automatically have been collected.

Collecting your farming rewards

Farming will bring you POSI rewards over time. You can collect these rewards and use them to get more LP Tokens.

Returning to your Farm to Harvest

You can harvest your Farm and Syrup Pool rewards together from the Home page. If you'd like to collect your farming rewards only, follow along.

To collect your rewards, you’ll need to visit your chosen Farm and collect the POSI waiting for you.

  1. Find the Farm you staked your LP Tokens in, and click the row to view details. You should see an estimate of your rewards under “POSI earned”.

  1. Click the Harvest button and confirm the action in your wallet. After a short wait, the POSI will be claimed to your wallet for you to use as you like.

Harvest lock up period:

Harvest lockup is a creative farming rewards lockup mechanism in order to help limit the frequency of harvesting to prevent farming arbitrage bots from constantly harvesting and dumping.

For example, the harvest lockup of the POSI-BUSD farm is 12 hours. It means that farmers who stake in the POSI-BUSD farm can only harvest (claim their rewards from farming) every 12 hours.

You can check the harvest lockup on each farm card.

To clarify, the harvest lockup only locks users' farming rewards. The tokens and LP tokens staked in farms can be withdrawn anytime.

No Staking/Unstaking fees:

Position Exchange does not charge any fees on staking or unstaking unlike most other protocols.

Happy farming!

This will open the Add Liquidity page for your Farm's pair. We have a you can follow to get your LP Tokens.

Go back to the and locate your Farm. Click anywhere on the row showing your pair. It will expand to show more details.

Return to the . At the top of the page you'll see a Staked only toggle. Click the toggle.

Return to the Farms page .

guide to adding liquidity
Farms page
Farms page
here
Visit the Farms page