🧑🌾Becoming a Farmer
AltFarms simplifies the process of earning rewards through staking with the following steps:
Last updated
AltFarms simplifies the process of earning rewards through staking with the following steps:
Last updated
Select a Farm: Browse the available farms and choose one based on your preferred staking token and reward options.
Connect Wallet: If you haven't already, connect your wallet and ensure that you're on the correct network.
Approve Contract: Enter the desired amount of tokens in the main widget and approve the AltFarm contract.
Stake Tokens: Once approved, click the "Stake" button to begin the farming process.
An access fee (up to $10 USD) may apply.
This fee is waived for $CTRL holders.
After staking, your tokens may enter a warmup period.
During this period tokens are locked and not yet earning rewards.
This period ensures that only committed stakers earn rewards.
Start Earning: Once you enter the farming period, your tokens will start earning rewards.
Rewards accrue based on the duration and amount staked.
Rewards are in the form of ERC-20 tokens.
Monitor Your Position: Track your staked tokens and accrued rewards through the token's AltFarm dashboard.
Claim Rewards: Claim your rewards by clicking the Harvest button in the main widget or the 🌾 button in the positions section.
You can claim your rewards at any time after the warmup period.
Rewards can be also be compounded to increase your staked amount.
Compound Rewards: Compound your rewards by clicking the Compound button in the main widget or the ♻️ button in the positions section.
Compounding only works if the staking and reward tokens are the same.
Stay Updated: Keep an eye on farm updates and notifications to make informed decisions about your staked tokens.
We provide every project with a staking bot that notifies their Telegram group of important staking events.
It's up to the Token Pilot to decide whether they want to implement the bot.
Stop Farming: Request to stop the farming process by clicking the Withdraw button or the ⏸️ button in the positions section.
You may have to wait to stop farming if there is a minimum staking period.
Both actions will stop the farming process and initiate the cooldown period.
During the cooldown period, your tokens are prepared for release.
This ensures an orderly process for unstaking.
If there is no cooldown deadline, the Withdraw button will also close your position.
Close Position: Close your position and withdraw tokens by clicking the 🛑 button in the positions section.
If you close your position before the cooldown period ends, an early withdrawal fee may apply.