YieldFarming

SundaeSwap – How to Stake Liquidity Pool (LP) Tokens to Yield Farm Sundae

A short video to go through the process of staking your LP tokens to the yield farming contracts in order to earn more Sundae tokens.

We’re in an accumulation phase at the moment trying to get as much Sundae as possible.

Watch out for the fees, there are a lot of fees along the way that may make your trades unprofitable.

Chapters
0:00:00 Intro
0:00:39 The LP tokens
0:01:00 Staking LP Tokens
0:02:12 Fees
0:03:15 Outro

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*** None of the information on this episode is to be considered as financial advice. All conversations and opinions are that of the guests and are intended for educational and entertainment purposes only. Please do your own research and understand that cryptocurrencies are volatile and risky. https://www.youtube.com/watch?v=Fq8FhvxET2k
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15 Comments

  1. i”ll ask again lol can i change pool to yours and still recieve sundae tokens or is it too late? cheers

  2. I’m new to this liquidity game. Wondering, how do you actually gain rewards for providing standard liquidity? What form do the rewards take? Does your “lp” amount automatically increase in your wallet?
    It seems like providing liquidity is only worthwhile for stable coins, is that right? 🤔

  3. I was wondering. I am sure you are aware of the SSPO vs MSPO debate. I think the core of the argument is about decentralisation. What is you opinion on that?

  4. Great Video…a bit…murky…I guess there is not a lot of info out there about LP token process … 😄

  5. That’s really wired, you’re not supposed have both coins down impermanent loss only effects one coin.

  6. There’s one detail which might help the viewers. Whenever you provide liquidity, you sign off certain amount of tokens in the pair to the smart contract. By the time your order is submitted, the price might have changed, which changes the pool ratio, and hence changes the number of tokens that you’re required to deposit. The protocol takes All of one token, whichever is cheaper, and returns the excess of the other token back along with the LP tokens you receive for liquidity. So if you feel your pooled assets are vastly different than what you submitted, check the transaction on your wallet when you received your LP tokens. The difference that you “lost” is returned to you.

  7. Hey I’m staking since around 7 days now in my deadalus wallet and it still shows me zero rewards!?

  8. Thanks for the great video! I have the same WMT/ADA trading pair, but I don’t have the “Stake LP Token” button. I only have withdraw, deposit & swap. I see the staking button for other pairs I have but not for this pair. Why could this be?

  9. How long did it take for you to provide liquidity for a pool? I’ve been waiting 12+hours for my meld/ada to get scooped up.