šŸŸØSIS LP Farming

What SIS LP Farming is and how to get rewards with the SIS LP Farming program for providing liquidity.

Introducing SIS LP Farming

Check available Symbiosis reward programs Symbiosis Reward Programs.

The token of the Symbiosis protocol: SIS token is deployed on Ethereum and Arbitrum.

Symbiosis owns liquidity pools:

  • Uniswap on Ethereum with the {ETH <> SIS token} pair,

  • Sushiswap on Arbitrum with the {ETH <> SIS token} pair,

  • Pancakeswap on the BNB chain with the {BNB <> SIS token} pair.

When users add ETH+SIS or BNB+SIS tokens to these pools, they get LP tokens in exchange. To withdraw their assets, the users return the LP tokens and get their assets plus share of liquidity provider fees. It's how any standard AMM liquidity pool works. The reward amount depends on the trading activity in the pool and is hard to predict.

Symbiosis offers a reward program for the users providing liquidity to the liquidity pools. To participate in this program and get rewards, the users should supply liquidity to the liquidity pool and stake LP tokens. Users can claim rewards at any time in full and withdraw their assets at any time and in full. There is no vesting or lock period.

In this walkthrough, we will explain how to participate in the Symbiosis LP staking.

The given calculated % APY is based on reward auto-compounding that is executed every 24 hours.

User Guide

There are three steps on the path to the LP farming rewards:

  1. Get SIS tokens on Ethereum and/or Arbitrum and/or the BNB chain,

  2. Get LP tokens: add liquidity to the ETH/SIS liquidity pool on Ethereum and/or Arbitrum,

  3. Stake the LP tokens.

Getting SIS Tokens

  1. Decide Ethereum, Arbitrum or the BNB chain, since Symbiosis owns liquidity pools with Uniswap on Ethereum, Sushiswap on Arbitrum, and Pancakeswap on the BNB chain.

  2. Depending on your choice, you can buy SIS tokens with - Uniswap on Ethereum, - Sushiswap on Arbitrum, - Pancakeswap on the BNB chain.

    Or you can swap any token you have for SIS tokens using Symbiosis WebApp.

Getting LP Tokens

To get LP tokens (you add liquidity to the ETH/SIS liquidity pool on Ethereum or Arbitrum):

  1. Connect your wallet.

  2. Connect your wallet on the opened Uniswap page.

Done āˆŽ

Staking LP Tokens

To stake LP tokens:

  1. Connect your wallet.

You did it! Happy harvesting! āˆŽ

Claiming Rewards

Rewards are distributed block by block. Please consider waiting a bit for your rewards to grow so you can pay fewer network fees.

Notice: the given calculated % APY is based on reward auto-compounding that is executed every 24 hours.

To claim rewards:

  1. Connect your wallet.

  2. Wait for the transaction to be confirmed.

Done āˆŽ

Unstaking LP Tokens

To unstake LP tokens:

  1. Connect your wallet.

  2. Wait for the transaction to be confirmed.

  3. Then you can withdraw your liquidity from the ETH/SIS liquidity pool.

Done āˆŽ

De.Fi Dashboard

Octopool and Symbiosis Reward Programs (veSIS on Ethereum/BNB chain, LP Farming) are integrated with the De.Fi Dashboard. The integration allows you to view all your assets deposited in Symbiosis with De.Fi.

How to check:

Done āˆŽ

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