Simple Farming is a new convenient solution that fits those users who do not want to use external wallets, deal with LP tokens, or farming contracts and waste a lot of time on this. In short, this is a selection of farming pools with high APR from verified DeFi platforms, where you can farm without having to create an external wallet. This is easy and fast.
How does it work?
To use this functionality, you need to be registered on the exchange.
You can see a list of all pools in the Simple Farming section. Here are the pools, both coins of which are listed on Binance, with fairly high APRs.
It is also possible to filter the pools and show only pools with stablecoins, that is, you remove the risks, but here the APR is lower than on volatile coins.
You will see a section with more detailed information when choosing a pair. Here you can check all the detail and invest your funds. Before that, you will see the amount of the network fee. The Nominex fee is 0%.
Please note that the commission will be higher on the very first investment, as the wallet is created at that moment. After that, the commissions will be less.
When the transaction goes through, the details are updated and you can see the amount of invested funds and statistics.
What happens after you invested
After you invested, you have a few options: you can increase your investment, collect unclaimed rewards or withdraw funds.
Unclaimed rewards will be credited to the spot wallet within a few minutes after you claim.
Please note, that you can withdraw only all funds at once, there is no possibility of partial withdrawal.
When a user has investments, the list of pools is shown in such a way that the pool with funds is at the top of the list. And it is marked as "my active pool", and the details are shown there.
Right now we only operate on the BSC network and use Thena data. Contact us via live chat if you have any questions. We will be happy to help.