Farming $YFV at Balancer Pool
This manual written for Balancer Pool KNC/YFV (98/2), but also apply similar to other Balancer Pool including YFI, BAT, REN, BAL, BTC, wETH, LINK pools
KNC Pool is a Balancer Pool and will have 6% of total supply of YFV, equal to 1.26M YFV to be farmed.
To join this pool, you must stake BPT tokens that can be acquired by depositing $YFV and $KNC in to the KNC/YFV (98/2) pool on Balancer
This pool will last minimum 5 weeks and maximum 20 weeks. Every week, the inflation rate will remain unchanged or change depending on the on-chain voting of farmers.
The amount of $YFV received by any individual farmer is proportional to the amount of capital that farmer is providing.
Farmer can withdraw from this pool any time
Step 1: Obtain $KNC if you don’t already have some. It’ll be good if you also have $YFV in your wallet, with the proportion of 98%KNC, 2%YFV; this is optional
Step 2: Go to https://yfv.finance , Stake, Select the pool and click on Balancer Pool link. Or visit KNC the following balancer pools
Step 3: At balancer website, connect your wallet and click Add Liquidity
Step 4: Unlock each asset by signing a transaction in metamask
Step 5A: If you only have KNC , click on Single Asset.
Enter the amount of KNC you wish to supply to the Balancer Pool or can click max to auto-select all of $KNC in your wallet.
Click Add Liquidity
Step 5B; If you also have YFV beside KNC, you can choose All Pool Assets. Please note that you will need to provide 98% KNC and 2% YFV. Please calculate this weight yourself manually since the balancer may weigh wrongly for new assets.
Enter the amount of KNC you wish to supply to the Balancer Pool or can click max to auto-select all of $KNC and respective $YFV in your wallet.
Click Add Liquidity
Step 6: BPT should be ready in your wallet. Go to yfv.finance and click on KNC Pool
Step 7: Enter the amount of $BPT you wish to stake, or click on Balance to auto-select all of the BPT in your wallet
Step 8: Click Stake and it will fire 2 transactions
The first one approve YFV contract as spender for your $BPT
The second one moves your $BPT to KNC pool
And that’s it, you start farming $YFV from KNC pool.
Step 9: Go back to homepage you can see your KNC pool yield and other stats
Step 10: Any time you can harvest your $YFV rewards by click on Claim Rewards
Step 11: Should you want to exit the pool, you can click Claim all Rewards and Exit
Cheers and Happy Farming !!!