Deposit to farm

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(Created page with "'''deposit lp tokens''' is a command that allows you to deposit Liquidity Provider (LP) tokens into a yield farm. Yield farming (also known as liquidity mining) is a way of g...")
 
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'''deposit lp tokens''' is a command that allows you to deposit Liquidity Provider (LP) tokens into a yield farm.
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'''deposit to farm''' is a command that allows you to deposit LP (Liquidity Provider) tokens into a yield farm to earn rewards.
  
Yield farming (also known as liquidity mining) is a way of generating rewards from cryptocurrency capital. It involves lending your funds to others through the magic of computer programs called smart contracts.
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Yield farming is a popular method in DeFi (Decentralized Finance) that allows holders to earn rewards on their cryptocurrency or token assets.
  
== Parameters ==  
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== Parameters ==
  
'''Farm:''' The yield farm where you want to deposit your LP tokens.
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'''Farm:''' The yield farm from where you want to claim your rewards. If the farm you want isn't in the list, you can find it and get it added to the list via the '''$find farm by tokens''' function.
  
 
'''Amount:''' The amount of LP tokens that you want to deposit into the yield farm.
 
'''Amount:''' The amount of LP tokens that you want to deposit into the yield farm.
  
'''Transaction Info Variable:''' (Optional, advanced) The variable name where the transaction information will be stored. The default value is '#txinfo'.
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'''Transaction Info Variable:''' (Optional) A variable to store the transaction details after the LP tokens are deposited. The default variable is '#txinfo'.
  
 
== Example ==
 
== Example ==
  
 
<pre>
 
<pre>
deposit lp tokens("SushiSwap", "10")
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ui console view
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config defi wallet("your private key")
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deposit to farm("DOGE_WBNB_Farm", "10", '#txinfo')
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log object(#txinfo)
 
</pre>
 
</pre>
  
The above script deposits 10 LP tokens into the specified yield farm on SushiSwap network.
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Please replace "your private key" with your actual DeFi wallet's private key.
  
== Post-Run ==
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Be mindful when you are handling your private key. It's a sensitive piece of data that allows full control over your funds in your DeFi wallet. Therefore, never share this key publicly or with anyone.
  
After running this command, '''RecordTxData''' will be executed to record transaction data.
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The script above deposits 10 LP tokens into the designated yield farm on PancakeSwap and then logs the transaction details to the console.
  
**Please note:**
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Always ensure you have enough LP tokens and verify your input values before proceeding with the deposit.
 
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Before you deposit LP tokens, ensure you have the required number of LP tokens, you have approved the yield farm to interact with your LP tokens, and you have enough balance of the native token (to cover transaction fees). Always be aware of the potential risk and rewards associated with yield farming. It's advised to only farm on platforms you trust and with funds you are willing to risk.
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Latest revision as of 23:27, 4 July 2023

deposit to farm is a command that allows you to deposit LP (Liquidity Provider) tokens into a yield farm to earn rewards.

Yield farming is a popular method in DeFi (Decentralized Finance) that allows holders to earn rewards on their cryptocurrency or token assets.

[edit] Parameters

Farm: The yield farm from where you want to claim your rewards. If the farm you want isn't in the list, you can find it and get it added to the list via the $find farm by tokens function.

Amount: The amount of LP tokens that you want to deposit into the yield farm.

Transaction Info Variable: (Optional) A variable to store the transaction details after the LP tokens are deposited. The default variable is '#txinfo'.

[edit] Example

ui console view
config defi wallet("your private key")
deposit to farm("DOGE_WBNB_Farm", "10", '#txinfo')
log object(#txinfo)

Please replace "your private key" with your actual DeFi wallet's private key.

Be mindful when you are handling your private key. It's a sensitive piece of data that allows full control over your funds in your DeFi wallet. Therefore, never share this key publicly or with anyone.

The script above deposits 10 LP tokens into the designated yield farm on PancakeSwap and then logs the transaction details to the console.

Always ensure you have enough LP tokens and verify your input values before proceeding with the deposit.

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