JUST LAUNCHED! The XVGETH farm! Start claiming your rewards today.

Verge team ticking off the roadmap: XVGETH Farm is live!

Farming XVG ETH on Ethereum

This form of decentralised finance is managed with a smart contract, it pays out rewards in the XVG ETH Token in return for adding your XVGETH/ETH LP to the Uniswap v2 Liquidity Pool.

10% of the XVG ETH Token supply has be allocated to the farm. When you add your XVGETH/ETH LP you will receive daily fixed emission rewards, dependent on your percentage of the farm. These rewards last for 1 year. You can claim your accumulated rewards at any time. You can also exit the farm at any time. When you do this your accrued tokens are automatically added back to your wallet.

Your rewards will start to show within a minute and will continue to update in real time

How to get setup and use the Farm.

1. Go to Uniswap. Make sure you are adding v2 liquidity to the XVG ETH/ETH pool, here: https://app.uniswap.org/add/v2/ETH/0x85614A474dBeED440d5BBDB8aC50b0f22367F997
2. Go to the farm.vergecurrency.com page — check that you’ve connected your wallet ONLY to this site as scams will be everywhere!
3. Adjust the slider and click Approve XVG/ETH LP Your MetaMask display will show. You need to approve your LP for the farm.
4. The button will show “Stake”. Click it to proceed. MetaMask will appear, confirm and then shortly after this your LP will show in the farm.

https://app.uniswap.org/add/v2/ETH/0x85614A474dBeED440d5BBDB8aC50b0f22367F997

5. Your rewards will start to show within a minute and will continue to update in real time. Sit back and enjoy.

6. Claim whenever you want or just watch as your holding grow ;)

7. If you decide to leave the farm, just click on Unstake & Claim. You will receive your LP back in your wallet. You will need to go back to Uniswap to break up your LP back to XVG ETH and ETH.

Understanding Impermanent Loss: Impermanent Loss is easiest to understand when looking at liquidity pools where users deposit two types of tokens.

For example, if a user wants to support a liquidity pool that allows other users to trade ETH for XVG ETH they’ll need to deposit both types of tokens.

When someone buys XVG ETH from this liquidity pool, they’re essentially depositing ETH into the pool and removing an amount of XVG ETH equivalent to the value of the deposited ETH.

When this happens, it shifts the ratio of XVG ETH & ETH, so there is more ETH & less XVG ETH in the pool. This raises the value of XVG ETH and lowers the value of the ETH.

Go to the farm.vergecurrency.com page — check that you’ve connected your wallet ONLY to this site.