Staking and Yield Farming
Last updated
Last updated
-users can engage in KNC staking through the primary KyberDAO interface, where they have options to vote or delegate their voting powers to staking pools. There's also an option for users to delegate their KNC voting power to a "pool master" who votes on their behalf, with full control and the ability to withdraw or re-delegate at any time.
- users can engage in two main types of staking: staking Liquidity Provider (LP) tokens in farms, and staking BEP-20 tokens in Syrup Pools. LP token staking involves adding equal amounts of two tokens to a liquidity pool and earning transaction fees and CAKE, while staking in Syrup Pools involves locking single tokens to earn interest, with options for manual or auto compounding of rewards
- operating on the Polygon network, offers users opportunities for both staking and farming. In staking, participants can lock their tokens into specific pools to earn rewards, often in the platform's native token. Farming, on the other hand, involves providing liquidity to the exchange's trading pairs and earning a portion of the transaction fees in return, usually in the form of liquidity provider (LP) tokens.
