NovaX Gitbooks
  • πŸ‘‹Welcome to NovaX!
  • About us
    • πŸš€Our Vision
    • πŸ’–Values
    • 🏒Our Team
    • πŸ—ΊοΈOur Roadmap
  • Resources
    • 🧰Main Features
      • πŸ“±1. NovaX Fitness App
      • πŸ–ΌοΈ2. NFT Collections
        • πŸ‘ŸNovaStride NFT Collection
        • 🌠NovaStride Extension
        • πŸ’ŽWealth Synergies Collection
      • πŸ“Ί3. Educational Resources
      • πŸ’²4. Defi features
        • 4.1 NFT-Related Features
        • 4.2 Staking
        • 4.3 NovaStaking
        • 4.4 LP Farm
        • 4.5 Token Swap
      • 🀹5. Social Features
      • 🌌6. Metaverse Fusion
      • πŸ’±7. SynergySwap
    • πŸ“ˆThe NovaX token
    • 🀝Referral Program
    • 🎟️Compound Access Fee Mechanism
    • πŸ› οΈNFT Repair Mechanism
  • Policies
    • 🌴Corporate Social Responsibility
    • πŸ“ƒTerms & Conditions
    • πŸ”Privacy Policy
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  1. Resources
  2. Main Features
  3. 4. Defi features

4.4 LP Farm

Liquidity Provision (LP) Farming is another key feature of our platform, where users can earn rewards by providing liquidity to our various trading pairs. LP Farming involves depositing pairs of tokens into a liquidity pool, where they facilitate trades on NovaX.

In return for their contribution to the liquidity pool, users receive LP tokens, which represent their share of the pool. These LP tokens can then be staked in the LP Farm to earn additional rewards, often in the form of NOVAX tokens. The rewards are proportional to the amount of liquidity provided and the duration of the staking period.

Our LP Farming is designed to be user-friendly, with clear guidelines and an intuitive interface that makes it easy for users to participate. We also offer competitive farming rewards, making it an attractive option for those looking to earn passive income through DeFi.

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Last updated 8 months ago

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