Farming
Overview
The farming is designed for positions created via AlgebraPositionManager. It will not work with ALM positions, which are added directly to the pool.
In each pool, you can have one farming instance. Rewards may be distributed in one or two tokens, with options to add or withdraw rewards as needed. Distribution occurs every second, allocated to all in-range positions according to their liquidity in the current tick. NFT of a position is not transferred on enter.
Managing Farming in admin panel
For creation of Eternal Farming you need to specify these parameters:
Pair
Reward token
Reward amount
Bonus reward token
Bonus reward amount
Reward rate
Bonus reward rate
Minimal tick range
Lets review every parameter in more details
Pair
Token pair for which Eternal Farming will be created. To participate in farming, users should provide liqudity to this pool.
Reward token
This token will be used as an incentive to participate in farming.
Reward amount
Total amount of rewards to distribute between participants. Without decimals.
Bonus reward token
One more token as an incentive to participate in farming. Bonus reward is optional. If you don't want to use additional token, you need to select the same token as in Reward token field.
Bonus reward amount
Total amount of rewards to distribute between participants. Without decimals. If you don't want to use additional token, you need to enter 0 as Bonus reward amount.
Reward rate
Reward rate to be distributed per second. Without decimals.
Bonus reward rate
Bonus reward rate to be distributed per second. Without decimals.
Minimal range
Minimal range for position to being able to participate in farming. Algebra Protocol TICK_SPACING is 60. The position cannot be narrower than 60, and its range is always in multiples of 60. If you want to limit range to at least 5 ticks, you should set this parameter to 300 (5 * 60).
Create Eternal Farming
When you have all parameters specified, you need to:
Approve Reward Token
Approve Bonus Reward Token
Create Farming
When you create farming, specified amount of token as rewards is being send to FarmingCenter contract.
How to turn Eternal Farming off?
To turn Eternal Farming off you can set Reward rate and Bonus Reward Rate to 0.
Detaching and Attaching
If you want to cancel your farming and create the new one, you can Detach it.
NFTs and rewards will remain on detached farming.
When farming is being detached, you need to create some way for participants to get their NFTs back, because now they don't see detached farming in UI.
If you accidentally pressed Detach button, don’t worry, as there would be the Attach button.
Last updated