Hey Cremates, you must have been waiting for this!
Our Caffeine Farming event is Live now!!!
We believe you all have understood how Caffeine Program works now, if you have more questions please check: https://medium.com/@Crema.finance/caffeine-farming-event-your-prelaunch-opportunity-to-grab-cremas-token-incentives-706425032a88
This will be your very first opportunity to get early and tremendous farming incentives in advance to our official IDO. The entire Caffeine farming event will only last for 8 weeks, so don’t miss out on the fortune code.
Let’s go through the whole process of Caffeine Farming to make sure you keep with us!
6 Farming Pools are Available
Under the Farming page, there are 6 farming pools (USDT-USDC, UST-USDC, mSOL- SOL, USDH-USDC, UST-USDH, and pUSDT-pUSDC ) that are available for this event and you can see the Reward Range of each pool. Users can choose any pool that they prefer to add liquidity and stake.
Users can start Caffeine Farming on Crema by following the steps below:
Step 1 — Connect your Wallet
Launch the official app of Crema Finance and connect your wallet
Step 2 — Add Liquidity
On the adding liquidity page, you can select the trading pair (eg. USDT/USDC) and adjust the price range to maximize your liquidity efficiency.
The default price range is set as reward range of this event. Since only the effective liquidity within the reward range is taken into account by the farming, we strongly suggest you to add liquidity in between the reward range to maximize your mining efficiency so you can earn the highest Caffeine possible. You can also set your own liquidity price range to meet your specific trading needs. In that case, the effective value of your position will be converted according to our farming algorithm (See detailed explanation of the overlapping range strategy: https://gitbook.crema.finance/product/nft-liquidity-farming).
Step 3 — Farming
3.1 For users who don’t have a liquidity position on Crema
If you have not added liquidity to any pool on Crema before, please select a pool and click “ +” on the right of the bar first, so you can jump to add liquidity on Pool Page. Otherwise, clicking “Add liquidity ” on the drop-down list also works.
3.2 For users who have a liquidity position on Crema
If you have provided liquidity on Crema, by clicking the drop-down list button of the corresponding farming pool, you can see your liquidity positions that are available for staking. Click its ‘Stake’ button to stake the selected liquidity position to start farming and earn your Caffeine. You can also unstake it anytime if you want to take your position out of the farming status.
Step 4 — Harvest
If you successfully stake one or multiple liquidity positions under a farming pool, you’ll be able to see the constant accumulation of pending Caffeine that you earned from this pool. You can harvest your pending Caffeine rewards of a specific farming pool by clicking ‘Harvest all’ and then Caffeine tokens will go to your wallet.
The ‘My Caffeine’ balance shown on the top banner represents the Caffeine token in your connected wallet.
What’s next?
With Caffeine in hand, you are able to mint different levels of NFT keys to get prepared for the final treasure box unlocking. The NFT Key minting will be available soon and notification will be posted later on Twitter when it’s open. Before that, what you can do is to get as much Caffeine as possible, so that you’ll be eligible to mint a high-level key when it comes and stand a higher chance of getting the biggest prize.
For more info about NFT Key minting and Treasure Box, please read via: https://medium.com/@Crema.finance/caffeine-farming-event-your-prelaunch-opportunity-to-grab-cremas-token-incentives-706425032a88
We’ll share you new tutorials when those new features are live. Now, we just hope that all of you guys enjoy this farming event and get ready for more great news. Please stay tuned!
About Crema Finance
Crema Finance is a powerful concentrated liquidity protocol that provides superior performance for both traders and liquidity providers. It deployed the first concentrated liquidity market maker (CLMM) algorithm on Solana mainnet that allows users to add liquidity within their specified price ranges. Crema aims to redefine the capital efficiency and trading depth in non-evm ecosystems through both its CLMM infrastructure and a series of affiliate innovations.
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