BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Yield Farming on Cardano: A Step-by-Step Guide Using Minswap

by Sham
December 12, 2024
in CRYPTO, DEFI, FEATURED, GUIDES
Reading Time: 5 mins read
A A
29
SHARES
491
VIEWS
Share on XShare in TelegramShare on Reddit

• Yield farming on Minswap allows users to earn tokens passively.
• Rewards accrue every second, allowing you to harvest them at any time.
• When you stake additional LPTs, any accumulated rewards up to that point are automatically sent to your wallet
.

Yield farming on Minswap allows users to earn tokens passively by providing liquidity to the decentralised exchange (DEX). Here’s a comprehensive guide to get started:

1. Providing Liquidity

  • Choose a token pair on Minswap and add liquidity to its pool, in our case, we are picking the CHAD/ADA pair as an example.
  • There are two methods to provide liquidity to a pool:
    • Deposit (Recommended): You deposit both Cardano token and ADA directly in a 1:1 ratio of their value.
      Example: If the current value of 1 $CHAD is 2 ADA, and you want to provide 100 ADA worth of liquidity, you will need to deposit 50 $CHAD and 100 ADA to maintain the 1:1 ratio.


https://minswap.org

  • Zapping: This allows you to add only one asset of the pair.
    Example: If you zap into the pool with 100 ADA, the system will automatically sell 50 ADA for $CHAD. This means half of your ADA will be used to purchase $CHAD at the current rate, and the remaining ADA and purchased $CHAD will be added to the pool. Similarly, if you zap in with 50 $CHAD, half of the $CHAD tokens will be sold for ADA, and the resulting ADA and remaining $CHAD tokens will be added to the pool.


https://minswap.org/liquidity?

  • In return, you’ll receive Liquidity Provider Tokens (LPTs), representing your share in the pool.

2. Staking LPTs

  • If the token pair has an associated farm, stake your LPTs in that farm to start earning additional rewards.
  • Rewards accrue every second, allowing you to harvest them at any time.
  • Be mindful of Cardano network fees (approximately 0.6 to 1.2 ADA) incurred during each harvest.

https://minswap.org/farm

3. Managing Your Stake

  • Adding more LPTs: When you stake additional LPTs, any accumulated rewards up to that point are automatically sent to your wallet. Your new, larger stake will then start earning rewards.
  • Partial withdrawal: Withdrawing a portion of your LPTs will also trigger the automatic transfer of accumulated rewards to your wallet. The remaining staked LPTs will continue to earn rewards.
  • Full withdrawal: Removing all your staked LPTs will send all accrued rewards to your wallet, and you’ll stop earning further rewards until you stake LPTs again.

Important Considerations

$CHAD Liquidity Pool ID: f5808c2c990d86da54bfc97d89cee6efa20cd8461616359478d96b4c.2307b504ffbe3736893f77d8cfe1118d064c72256911e9367dbee63b6b6b798c

Each deposit or withdrawal creates a pending Harvest UTxO with a 2 ADA fee; approximately 1.5 ADA is returned along with your harvested rewards.

Staking LPTs in yield farming is distinct from ADA staking. It’s non-custodial, meaning your LPTs are locked in a smart contract, and only you can withdraw them.

Every Cardano token has a unique Policy ID. Always double-check this Policy ID before buying tokens or providing any liquidity to a pool, as there may be several tokens with the same name, but never the same Policy ID. Projects usually provide this information in their BIOs, Discord channels, or official websites.

$CHAD Policy ID: 97075bf380e65f3c63fb733267adbb7d42eec574428a754d2abca55b

Every Liquidity Pool also has a unique Liquidity Pool ID. Similarly, double-check this ID to ensure you’re providing liquidity to the correct pool.

Tags: ADACHADLiquidity Provider TokensMinswapYield farming
Tweet7ShareShare
Previous Post

Analysts Believe Shiba Inu Could Rally 1700%: Is This a Realistic Prediction?

Next Post

BlackRock Recommends 1-2 Percent Bitcoin Allocation for Portfolios

DON'T MISS THESE! HOT OFF THE PRESS

Is Polkadot Dead or Just Getting Started?
CRYPTO

Is Polkadot Dead or Just Getting Started?

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish
BITCOIN

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Load More

Related News

Is Polkadot Dead or Just Getting Started?

Is Polkadot Dead or Just Getting Started?

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.