Yield Farming Tutorial
The KittieFIGHT Volcano faucet distributes KTY and SDAO tokens to Yield Farmers who provide liquidity on Uniswap V2 while staking uniswap liquidity pool tokens in the Volcano yield farming contract. The more liquidity you provide, and for longer, over 6 months program duration, the greater share of the KTY and SDAO token pools you receive. 7% (or 7,000,000 ) of the total fixed KTY token supply and 7% (or 7,000,000 ) of the total fixed SDAO token supply is allocated to the 6 month program duration. 10% (700,000 KTY & 700,000 SDAO) of the program allocations are auto awarded to yield farmers who participate within the first 21 days of the volcano program launch, and as long as they continue till the end of the program duration.
Yield farmers are free to unstake collateral at any time, but only eligible to withdraw yield as long as participation time exceeds a minimum of 1 month schedule with the program schedule. The allocated KTY and SDAO tokens in the Volcano unlocks gradually over time each month, and yield farmers receive share over the unlocked KTY and SDAO tokens over time for a duration of 6 months. The KTY distribution schedule rewards early participation while the SDAO distribution schedule incentivizes long term participation over program duration. In an effort to expand our governance community as well as to reduce need for people to un-stake from other protocols, we are approving the following KTY token pairs uniswap liquidity pool tokens within the yield farming contract: KTY-WETH, KTY-ANT, KTY-yDAI, KTY-yYFI, KTY-yyCRV, KTY-yaLink, KTY-aLend, KTY-aSNX, KTY - GNO, KTY - 2key, KTY - yETH, KTY - aYfi. You can get some KTY tokens by following this KTY Guide
The basic staking flow is:
- Deposit either of the following token pairs into Uniswap V2 :
- KTY-WETH,
- KTY-ANT,
- KTY-yDAI,
- KTY-yYFI,
- KTY-yyCRV,
- KTY-yaLink,
- KTY-aLend,
- KTY-aSNX,
- KTY -GNO,
- KTY -2key,
- KTY -yETH,
- KTY -aYfi.
- Receive UNI-V2 LP Tokens.
- Stake those UNI-V2 LP Tokens in the Volcano.
- You can also hold on NFT Volcie token #1 generated by locking liquidity in volcano or sell on opensea.
That's it! Once you've deposited staking tokens, you can check your current stake and reward amounts using the Volcano interface. You can add more staked liquidity whenever you want and unstake whenever you want, but to receive your share of the Volcano pool when you unstake, you must have staked for at least 1 month.
90% or 6,300,000 of total 7,000,000 KTY tokens and.
90% or 6,300,000 of total 7,000,000 SDAO tokens.
of total program allocation are distributed over each month for duration of the 6 month program as such:
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | |
|---|---|---|---|---|---|---|
| KTY | 30% | 25% | 15% | 10% | 10% | 10% |
| SDAO | 16.5% | 16.5% | 16.5% | 16.5% | 16.5% | 17.5% |
10% or 700,000 of total 7,000,000 KTY tokens and.
10% or 700,000 of total 7,000,000 SDAO tokens.
of total program allocation are distributed over each month for duration of the 6 month program as such:
- 10% or 700,000 KTY and SDAO BONUS tokens is set aside for first 21 days participating Yield farmers.
- Must stake within first 21 days of deployment to get bonus.
- Must Stake throughout 6 month duration to get bonus.
- 10% or 700,000 KTY and SDAO BONUS tokens is shared proportionally with all stakers fulfilling staking requirements of bonus condition during the first 21 days and program duration and can auto withdraw at the end of yield farming program.
- Can unstake at anytime and get regular monthly bonus, based on monthly requirement.
We also have video walkthroughs to help you through the process:
- How to acquire KTY and SDAO tokens with Argent Wallet
- How to use Metamask to participate in the Uniswap V2 pool
- How to stake your UNI-V2 LP tokens in the Volcano
- How to read the Volcano Stats.