Creating a Farming Pool
To create a farming pool from an existing liquidity pool on FusySwap, follow these steps:
Step-by-Step Guide to Creating a Farming Pool
Access Your Positions
Begin by navigating to the "Farming" section on the FusySwap platform. Under "Your Positions," you'll see the liquidity pools that you have already provided liquidity for. These will display details like the total pool tokens, the pooled FusyTest token, the pooled Taraxa token, and your pool share.
Select Liquidity Pool
Choose the liquidity pool that you want to use to create a farming pool. This pool should already have liquidity tokens available, as shown in the "Your positions" section.
Create Farm
Click on the Create Farm button located next to your selected liquidity pool.
Configure Farm Settings
In the "Create Farm" window, you will need to select the reward token that will be distributed to users who stake their liquidity pool tokens in this farm.
Next, define the duration of the farming pool by entering the time period. This can range from 1 day (1D) to several years (4Y), depending on how long you want the farming rewards to be distributed.
Once you have selected the reward token and the duration, click Create Farm to proceed.
Confirmation
After you create the farm, a confirmation screen will appear, indicating that the farm has been successfully created. Click OK to finalize the process.
View and Manage Your Farm
Once the farm is created, it will be listed in the "Farming" section. Here, you can view details such as the APY, total rewards per day, and the end date of the farm. Users will now be able to stake their liquidity tokens in your farm to start earning the reward tokens you have specified.
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