Documentation

Stobox Farms

As you may know, liquidity is one of the most critical factors for every token's healthy operations. So, to increase the STBU's liquidity, we set up the Stobox Token Uniswap V2 Pool to have our Community stake LP tokens and earn high APY.
This works as a first-come-first-served model, i.e., at the beginning of the LP program, the APY may reach tens of thousands of percent. However, it will decrease after more people add liquidity. In other words, the first users will get ridiculously high APY, and the later a user joins, the less APY they can count on.
Note that the APY is very flexible. If many people join, the percent will decrease and vice versa: if users leave the Farm for some reason, the percentage increases.

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Is there anything I should do to benefit from Stobox Farms?

The only thing you should do is make sure that your MetaMask is connected to the Stobox Staking website, that you have some STBU and ETH to buy Stobox LP tokens and that you started the Farming among the first comers (or caught a higher percent to begin with).

Why do I need both ETH and STBU to use Stobox Farms?

This is because the Stobox LP is backed by those two assets, Ethereum (ETH) and Stobox Token (STBU).

How to participate in Stobox LP Mining?

  1. Go to the Stobox Staking website.
  2. Connect your MetaMask wallet (Ethereum only).
  3. Press the Get LP button to deposit both STBU and ETH.
    You can also buy some STBU and/or ETH directly on the Uniswap.
  4. Wait when you receive Stobox LP tokens from Uniswap into your MetaMask
  5. Press the Approve button to activate the smart contract (note the Gas fee).
  6. Stake LP tokens by selecting the appropriate amount and pressing Stake button (note the Gas fee).
    You’re done! Enjoy the profit.

When can I claim my reward?

After the stake is successfully completed, you will start to receive your rewards in STBU.
Press Harvest to claim your interest at any time.
PS: and we mean any time, i.e. even in a minute. But note the Gas fees.

Is there any obligatory period for STBU Farming?

No, there is not.

Can I claim all my funds from LP Farms?

Once you decide to completely exit LP Farming and withdraw all your funds, please follow the list below:

  1. Go to the Stobox Staking website.
  2. Connect your MetaMask wallet.
  3. Press Harvest to claim your interest.
  4. Use Uniswap to remove liquidity and claim your initial assets, ETH and STBU.

👍

Note that Uniswap distributes the commission of 0.3% of anyone who provides liquidity into pools run on their platform. In other words, you will get additional income from Uniswap. Nice!

Is there a risk of loss?

This risk exists anywhere, unfortunately, especially in the realm of crypto.
Both assets are highly volatile, and locking them in a liquidity pool may cause impairment loss. Please be cautious and responsible for your actions.

How is the APY distributed?

In the beginning of Liquidity Pool Mining programs, the APY can reach thousands of percent, but the more users add LPs, the lower their reward is. So to get the most of it, make sure to enter it as early as possible or catch the higher percent.

Can I add more LP tokens to my existing Farming?

Yes, you can add more LP tokens at any time.
Note that in this case, the reward from your previously staked number of tokens will be harvested to your wallet address immediately, and the system will indicate a new bonus once you add tokens to your staking.

Updated about 3 years ago