How it Works?
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Browse through available and click the Stake button on the farm pool you want to participate in.
Each farm has a specific token requirement. For this example, we are participating in the 1INCH Farm Pool (Demo), and we will need to acquire and stake $1INCH tokens.
Enter the amount you want to stake and click the Stake button. Sign the transaction, and you will have successfully staked and participated in the Magic Farm Pool.
Unlike traditional staking with a flat yield, this farm rewards speed and sizeâAPR starts high for early stakers and drops as more users join. The more you stake when the pool opens, the higher your APR and the bigger your earnings. Get in early, go big, and earn more.
The more tokens you stake, the larger your reward share. Rewards are:
Accrued continuously
Liquid and claimable at any time
To claim your rewards, click the Claim Rewards button in the My Stake section.
Sign the transaction, and the rewards will be added to your Wallet Balance.
Tokens can be unstaked at any time, but thereâs a 7-day cooldown from the moment you initiate the unstaking. Rewards can still be claimed during this cooldown period. Each farm will have a different cooldown period.
To unstake your tokens, click the Unstake button in the My Stake section and sign the transaction.
In the Pool Overview section, you will be able to see the total rewards for this Magic Farm Pool.
Current APR
When the pool will end
Total rewards staked
Total pool participants
Contract address
Here you will be able to see in which Magic Farms you have participated, the amount you have staked, and how much of the rewards you have claimed.
Upgrade your Magic Store Membership to maximize your rewards in this Magic Farm! Higher tiers multiply your effective token deposit amount, increasing your share of the farm and the tokens you earn â without actually depositing more.
Effective Deposit Multipliers:
ðĶ Basic: 1à âĻ Plus: 1.5à ð Premium: 2à ð Premium Plus: 3Ã
The higher your tier, the larger your reward share â itâs like farming with more tokens than you really deposited!
For example: If youâre on the Premium Plus tier and deposit 1,000 tokens, the smart contract will calculate your APR as if you deposited 3,000 tokens â giving you a much larger share of the farm! (edited)