Revomon — Farming

4 min readJun 7, 2021

It is with great pleasure that we announce the release of the next major parts of our ecosystem: yield farming! This new feature will be available on the Revomon platform this Wednesday, June 9, 2021 at 7 pm UTC. Let’s see in this article what farming is all about and how it can benefit the Revomon community.

What is yield farming?

Yield farming, also known as liquidity mining, is the process of rewarding liquidity providers with tokens. In our case, we will reward all users who provide liquidity (BNB/REVO) in the Pancake v2 pool with Revo tokens.

Why is yield farming interesting?

Yield farming is doubly attractive to investors. This pair is absolutely beneficial for the market in our case as it allows the BNB/REVO pool (Pancake v2) to be filled much more. This results in reduced slippage during trading (i.e. each sell or buy will have a lower impact on the market).

Benefits for liquidity providers:

They earn fees on each transaction made in the Pancake v2 pool
They earn REVO by staking their LP tokens (liquidity provider tokens)

Benefits for all investors and for the global REVO market:

Stronger market that is more resilient to large buying or selling movements
Portion of token supply locked up in LP tokens

How to become a liquidity provider?

Each user who adds liquidity to a pool on an Automated Market Maker (AMM) exchange such as Uniswap or PancakeSwap is considered a liquidity provider. Once the liquidity is added, the user receives a number of tokens proportional to the amount of liquidity added. These tokens are known as liquidity provider tokens (LP tokens).

In our case, the pool linked to our yield farming functionality is the BNB/REVO pool on Pancake v2. If you want to participate and provide liquidity, you will be required to provide the same dollar value of REVO and BNB. To do so, go here.

Choose the amount of BNB and REVO you want to add. This will define your share of the pool and therefore the number of LP tokens you will receive.

Once the liquidity is added, add the LP token address 0x388b28c75a3547c9eeff7279de4fe2a0ed5be1b3 in your wallet.
You will see a number of LP tokens corresponding to your share of the pool.

This share of the pool will define the percentage of fees you will earn. All liquidity providers share 0.17% of all trades on the BNB/REVO pair.

If you own 14% of the pool as in the previous screen and if the pool has a daily transactions volume of $100k, you will earn:

($100,000 * 0.17%) * 14% = $23.8 / day

These fees are not related to Revomon but are specific to Pancakeswap, which operates in this way.

How to farm REVO with your LP tokens?

In addition to the fees you earn in the pancake pool, you can also stake your LP tokens in our farming pool available on the 9th of June at 7pm UTC. Once you have staked your LP tokens, you will start to farm REVO every second based on a variable APR.
800,000 $REVO will be allocated as reward to farmers.
Our farming pool will have the following properties:

Our first pool will last 30 days. At the end of the 30 days, all REVOs allocated to rewards will be distributed.
Dynamic APR; the more LP tokens are staked the more the APR decreases. The first stakers will probably benefit from a better APR.
Non-locked LP tokens; you can unstake them whenever you want (the totality or a part of them).
Revo harvestable at any time (in the same way as staking)
APR calculated on the total $ value of the pair (BNB & REVO)
No minimum or maximum LP tokens to stake (the tier is not taken into account)