Hello
We have introduced the YCATT farming features. from which you can deposit UNI-V2-YCATT token (YCATT/ETH Uniswap LP) to earn the YCATT daily.
The step is the following :
1. Provide Liquidity for YCATT/ETH market
https://app.uniswap.org/#/add/ETH/0x2Bf445338c364EdC9fB0B1620Cd68ec09995d34e
Once you provided the liquidity, then you will get UNI-V2-YCATT token in your wallet automatically.
2. Deposit the UNI-V2-YCATT token to your Catex wallet address, just like you deposit an ERC20 token
3. Click "Farming" menu and click the "Farm" button. Then it will show the balance of you UNI-V2-YCATT token, input how much you want to lock for the farming and submit. Then you have successfully completed the farming.
4. After the above 3 steps. You don't need to do anything else, and will get YCATT rewards daily.
FAQ:
Q: What's UNI-V2-YCATT token, what's its contract address?
A: UNI-V2-YCATT token is generated by uniswap exchange when you provide the liquidity for the YCATT and ETH pair, from the etherscan explorer, its name is UNI-V2, on Catex we have rename it to UNI-V2-YCATT to make it be clear.
https://etherscan.io/token/0xb2370da908708cacc2c8a5ce903d023f525ffde7
Please note, once you deposit the wrong UNI-V2-YCATT token to your Catex account, we will not be able to find it back.
Q: From the farming page, you can see "Total rewards and days and the daily rewards", what's the meaning of them?
https://www.catex.io/farming/plan
A: It means. How much YCATT will reward to the farmers, and how much YCATT will rewards to the farmers daily. Let's say there are 10000 YCATT daily rewards and 100 farmers, that means the 100 farmers will get the rewards according to the ratio of they locked UNI-V2-YCATT tokens.
Q: How much YCATT I can get?
A: Each farmer's rewards will be calculated every day based on their ratio of UNI-V2-YCATT token locked compared to all UNI-V2-YCATT token locked. For example, The daily rewards is 10,000 YCATT, and user A locked 500 UNI-V2-YCATT for 12 hours during the 1st day. The average amount of UNI-V2-YCATT locked across 24 hours from all participating users during the same day was 1,000 UNI-V2-YCATT. then user A will receive ((500 x 12 / 24 ) / 1,000) x 10,000 = 2500 YCATT tokens for the first day.
Once again:
The UNI-V2-YCATT (represent the YCATT/ETH liquidity) token's contract address is
https://etherscan.io/token/0xb2370da908708cacc2c8a5ce903d023f525ffde7
The YCATT token's contract address is:
https://etherscan.io/token/0x2Bf445338c364EdC9fB0B1620Cd68ec09995d34e
Please note: We may change the daily rewards according to farming situation. That means along wit the more farmers take part in, we will increase the daily rewards accordingly.
Thanks