Understanding How You Get A Percentage of The Pool as Part of Your Yield on Staked Money
If you have not entered into a pool then you might be a little cautious as you don't understand how you can get such a high yield on the money that you stake 1st of all most pools want you to submit two tokens These two tokens create 1 LP token . For example if you were going to submit coins to Trader Joe XYZ Stable Coin Pool then you will be asked to submit the two tokens shown. For example it might me Avax (Avalanche) and also DAI. You will go to pool and find this combination (assuming you alread have an equal of amount of these two coins ready to stake If not you need to go to trade and exchange Avax or any other coin held on the AVAX chain to get the two equal amounts of tokens) Now once in the pool section you hit max and enter in the top right of the main part of the page. This will take two clicks and you will be in the pool This is called providing liquidity. But you are not done You will will now need to find the farm under the farm tabs that has these two tokens. You w...