What’s Farming?
Farming is the process of using decentralized finance (DeFi) protocols to generate additional earnings on your crypto holdings.
DeFi is an emerging financial technology that aims to remove intermediaries in financial transactions, and it has opened up multiple avenues of income for investors. Farming is one such investment strategy. It involves lending or staking your cryptocurrency coins or tokens to get rewards in the form of transaction fees or interest.
Oceanland Farms
Oceanland is providing farms for the investor to earn passive income. In order to join $OLAND and $ARPA farm and earn high APR yield, follow the steps below.
How to Join Oceanland Farms
Prerequisites:
- Metamask must be installed
- BNB Smart Chain mainnet must be added to Metamask
- Oceanland contract must be added to your wallet
If you don’t know how to complete the steps above, please visit the Oceanland YouTube channel for the detailed “How to” videos.
1- You need to have both $OLAND and $ARPA in your wallet. So, either buy $OLAND on Huobi and send it to your Metamask wallet, or buy $ARPA and send it to your wallet. For the convenience of this document, we’re assuming that you have $OLAND in your wallet.
2- Visit defi.oceanland.io and click Connect Wallet in order to connect your Metamask wallet to Oceanland DeFi platform
3- Jump to the Swap page, and select $OLAND for the token above, and select $ARPA for the token below. Enter the amount you want to sell $OLAND. The amount of $ARPA you’re going to get is calculated automatically.
4- Click the Swap button, and Confirm the transaction on your Metamask wallet.
Important note: If this is your first transaction (swap), you have to Approve spending $OLAND token first. Then you’ll be able to swap your tokens. You’ll see the Approve label instead of Swap, if you haven’t approved before.
5- Jump to the Pool page. You’ll see the list of pools on this page. Click Add button on the OLAND & ARPA row
6- Enter the amounts you want to add to the pool, and click the Supply button. Then, Confirm the transaction on your Metamask wallet.
7- When the transaction is approved on the blockchain, you’ll see your Liquidity Provider (LP) tokens on the pool.
8- Jump to the Farm page. You’ll see the list of farms on this page. Click the Deposit & Withdraw button on the OLAND & ARPA farm.
9- Enter the amount LP tokens you want to add to the farm, click the Deposit button, and Confirm the transaction on your Metamask wallet
10- When the transaction is approved on the blockchain, you’ll see your deposited LP tokens on the farm information, and start earning.
Note: If you want to exit farming, Withdraw your LP tokens from the farm first, and then Remove your LP tokens from the pool. Then, you’ll get your invested tokens back.
