How to Harvest
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Farming will earn you rewards over time.
At the end of every staking cycle (525 blocks, approximately 3.5 days), rewards will be available to harvest. To claim your rewards, follow these steps:
Go to the Farms page on ALEX Lab App, which you can access through the Earn -> Farm tab.
You will find the My Farms panel which your active farms. Click on the farm you want to harvest, either from the panel or from the farm list.
Expand the My Farming dashboard. If a cycle has ended, you will see rewards available to claim.
Click on the "Harvest All" button and confirm the transaction on your wallet (just as you did in the previous guides).
Wait for the transaction to be confirmed on the network. Remember, you can turn on Telegram notifications or search for the transaction on the ALEX Explorer.
Once the transaction is completed, the reward amounts will be reflected in your wallet balance. You can always check your balance also on the ALEX Lab App, located beside the "Wallet Manager" at the top menu bar.
You can collect these rewards and use them for various purposes on the ALEX Lab Platform. For example, you can stake your $ALEX rewards manually to generate compounding interest. You can also use your APower rewards to increase your access to IDOs on the ALEX Launchpad. You can even obtain more LP tokens!
To maximize your returns, it is best to harvest your rewards at the end of every cycle. This way, you have them available to generate more rewards! 🤩
For example, you can manually stake your $ALEX rewards to generate compounding interest. If your rewards are another token, you can still swap and convert them to $ALEX. Another option would be to use your rewards to buy more LP tokens and benefit from being a liquidity provider.
Happy Farming! 🥕 🥬 🍅
Withdrawing you LP tokens takes just a few steps. The important thing is when to do it.
When farming, you are committed to locking up your tokens for a predefined period (reward cycles, each cycle contains 525 Stacks blocks, an estimation of ~3.5 days per cycle). Once these cycles conclude, you will be able to unstake them and regain control over your LP tokens.
If you staked multiple times at different moments, the lock periods apply to each amount separately.
Let's go through it step-by-step:
Go to the Farms page on ALEX Lab App, which you can access through the Earn -> Farm tab.
You will see the My Farming dashboard. Expand it to see all your farming details.
Find the farm from which you want to withdraw LP tokens and click on it.
Your LP tokens will automatically be available for withdrawal when your committed cycles end. You will find them under the LP to claim title on the dashboard.
Click on the "Harvest All" button and confirm the transaction in your wallet (just as you did in the previous guides). This will return your LP tokens back to your possession and automatically collect any unharvested rewards.
Wait for the transaction to be confirmed on the network. Remember, you can turn on Telegram notifications or search for the transaction on the ALEX Explorer.
Once the transaction is completed, you will see the changes reflected in your wallet balance and on the platform panels. In particular, you will see your LP token balance on the Pool page in the My Liquidity panel or by selecting the pool from the list. You can also check your balance on the ALEX Lab App, located beside the Wallet Manager at the top menu bar.
If you want to farm your LP tokens again, remember: your staked amount will start generating yield from the next upcoming cycle. To maximize the APR you earn, it's best to stake for longer cycle periods to avoid missing out on any reward cycles due to the cooldown period.
Thanks for farming on ALEX Lab! 🧑🌾