# Farms

Published 2022-11-07

# What are Farms?

Farms are designed to lock in specific Liquidity Pairs to help CroSwap maintain and grow overall liquidity backing. CroSwap will reward holders that stake their LP tokens. Rewards are scaled based on the amount of LP tokens a holder has committed relative to the overall amount of LP tokens staked across the ecosystem for that specific farm.

As our farms have been written in EIP-2535, we have the ability to modify Farm emissions without needing to re-deploy contracts.

# Time-Locking Mechanism

Our absolute goal is to build up the TVL (Total Value Locked) on the platform by developing new, innovative and user-friendly products to reduce the amount of volatility in our ecosystem and instill user trust. To reduce sell pressure and further entice long-term staking of LP/Tokens, we have introduced Time-Locking ‘Farms’ into the CroSwap platform.

# Time Lock Periods and Abilities

Users who decide to lock their tokens for larger periods of time will be rewarded with higher yields (see table below). In addition to incentivize locked tokens; it also introduces a burn function for those wishing to choose lower lock time periods. The burn function will further support and sustain the ecosystem.

# Plan Expiration

When you age out of a plan, you will continue to benefit from the plan UNLESS you fully withdraw from the farm.

For example — If you register for a 90-day lock and complete the lock period, you will be able to continue to harvest at the same level as when you were on the plan AND you will be able to withdraw.

NOTE: There is a chance IF you significantly increase the amount of LP tokens while in this “completed” state, your lock period does have the potential of re-locking. This provision should not impact a normal level of compounding activity, but is intended to dilute efforts of “whales” trying to influence a pool.

# Reward Calculations

  • Farm rewards are emitted by block and are allocated to each farm based on the Multiplier assigned to the pool.
    • For Example:
      • The Multiplier for a farm is the weight of the overall emissions allocated to the pool. For the initial launch of CroSwap, the number assigned to the Multiplier is divided by 1000 to determine the percentage of emitted rewards. So for a Multiplier of 250X divided by 1000 has a percentage of emitted rewards of 25.0%.
  • In future as we add more farms the value of denominator will increase based on the weight assigned to the new farm.
    • For Example:
      • If a new farm is added with a Multiplier of 10 the overall denominator will be 1010. This means the rewards for the existing farm with a Multiplier of 250 will now have an effective rewards percentage of 24.75%.

# QuarterMasters Staking Rewards

The QuarterMasters will give you the ability to boost your ROI by increasing your harvest rewards in selected farms. This will also work in tandem with our optimizer update upon release.

  • You will be able to stake up to 5 QM NFTs per selected farm depending on your time lock settings:
    • 0 Days Time Lock — Stake Up to two QM’s for that farm
    • 45 Days Time Lock — Stake Up to three QM’s for that farm
    • 90 Days Time Lock — Stake Up to four QM’s for that farm
    • 180 Days Time Lock — Stake Up to five QM’s for that farm
  • Each QM NFT that is staked will give you a 2% boost to your harvest rewards for a maximum boost of 10% of the base amount.
    • For example: If a farm has pending harvest rewards of 100 $CROS and you have staked 5 QM NFTs, the amount of your harvest rewards will be 110 $CROS.


# How to Use Farms?

How to Use Farms

# How can my project get involved?

Feel free to reach out to us via email: [email protected]