Elk Farming Round #10: Farm Changes & Reminders
Saturday, January 15 marked the start of a new farming round. Read below for changes to farms and emissions.
Farming Round #10 began this Saturday, on the 15th. This new round features significant revisions to the overall farming lists in an effort to consolidate liquidity further on the core chain token and stablecoin pools, which are most essential for ElkNet user experience.
See below for the full list of changes.
The principal changes include retiring some blue chip farms (e.g. wBTC and wETH) and redundant stablecoin farms. Most network partner farms are remaining active. These adjustments will also clear the way for several exciting upcoming farming promotions on multiple existing and soon-to-launch chains, while keeping us within our overall emissions targets.
Please also note, as with every round, emissions have been adjusted upward or downward to reflect relative volume and usage across each network. As a reminder, there is no need to withdraw and redeposit LP tokens between rounds any longer if the farm is still active. If you have LP tokens in a farm that has ended, you can locate your farm by clicking the “Withdraw From Previous Farms” button on the Farms page.
With the start of the new round, there is no longer a need to withdraw and redeposit to continue impermanent loss coverage. Your vesting counter now begins whenever you enter a farm. After you reach 100% coverage, you will continue to receive 100% coverage until you withdraw, with the coverage limit increasing at the regular daily pool rate. Please keep in mind that your overall claim will continue to fluctuate up or down depending on the price ratio.
Happy farming!
Round 10 Farm Revisions
Discontinued farms
Single Stake $ELK adjustments
About Elk Finance
Elk Finance is a decentralized network for cross-chain liquidity. ElkNet, its cutting-edge multi-chain protocol, makes it easy for anyone to move value and exchange cryptocurrencies across blockchains quickly and securely at a low cost. The powerful ElkNet framework also lets developers imagine and build novel cross-chain applications.
Elk is the most extensive multichain protocol in the world, seamlessly connecting over 15+ chains. Currently supports Avalanche, Polygon, Fantom Opera Network, Huobi ECO Chain, xDai, Binance Smart Chain, HOO Smart Chain, KuCoin Community Chain, Harmony One, OKExChain, Elastos, Moonrive, Telos & Cronos.
