Yield Farming in ALEX is an excellent to earn exciting returns on the platform.
By farming (staking/locking up) LP tokens, in addition to receiving liquidity pool transactions fees, you also earn $ALEX and APower rewards.
Unlike $ALEX Staking, Farms require you to stake two tokens to get LP Tokens, which you then stake in the Farm to earn rewards. This lets you earn ALEX while still keeping a position in your other tokens!
Yield farming just takes a few easy steps get set up.
You’re first going to need some "LP Tokens" to stake in a yield farm. Farms can only accept their native LP Token, meaning the STX/ALEX Farm will only accept STX/ALEX-50-50 LP Tokens.
To acquire STX/ALEX-50-50 LP Tokens, you must first provide liquidity to the STX/ALEX liquidity pool.