🚜 Liquidity Farm

Overview

9.75% of the initial token supply (97,500,000 PALM) will be distributed to users staking LP in the Farm.

In each BNB Smart Chain Block, 1.5 PALM is generated and allocated to the Farmers.

Farms allow you to stake Liquidity Pool (LP) tokens to earn PALM. The LP tokens come from liquidity pools by adding tokens to provide liquidity on Pancakeswap.

Farming can give better rewards than Staking Pools, but it comes with a risk of Impermanent Loss. It’s not as scary as it sounds, but it is worth learning about the concept before you get started.

Check out this great article about Impermanent Loss from Binance Academy to learn more.

LP Withdrawals & Reinvest

Withdraw: Farmers have no Cool Down Periods when making a withdrawal.

Compound: Farmers have the option to compound their rewards into the Staking Pool.

Frequently Asked Questions

How do I earn Farm rewards?

Farmer can deposit LP at any time into the Farms and start earning rewards immediately. Rewards can be claimed at any time.

How do I deposit and farm LP?

To deposit LP to the Farm, follow these steps:

• Go to Pancakeswap

• Click on “Add Liquidity”

• Add PALM-BNB or PALM-USDT to the liquidity pool. If you have added liquidity you will receive LP tokens from Pancakeswap.

• Go to Palmswap - Farm

• You must enable PALM the first time you deposit

• Enter the amount of LP you want to stake to the pool

• Click “Confirm”.

LP funds are now active and start earning rewards immediately.

How do I withdraw funds from the Farm?

To withdraw LP from the Farm, follow these steps:

• Go to Farm.

• Enter the amount of LP you want to request to withdraw from the farm.

• Click “Unstake LP”.

• LP funds will now be transferred from the Farm to your Wallet.

How does Reinvest work?

To reinvest PALM rewards back to the Pool, follow these steps:

• Go to Farm

• Click on "Claim", and enter the amount of PALM you want to request to reinvest into the pool.

• Click "Reinvest"

Reinvested funds are now active in the Staking Pool and start earning rewards immediately.