Yield Enhancement Labs is entering a new collaboration with Harvest Finance and creating additional utility for iFARM token holders.
12th August, 4 PM GMT there will be a single side staking opportunity for iFARM rewarded with YEL tokens. Below we will explain how exactly that works.
About Yield Enhancement Labs:
We are a multichain yield enhancement and aggregation platform with several automated farming strategies. Our mission is to build an ecosystem, with looped demand for YEL tokens, while helping projects to jump-start their liquidity or gather extra holders, and maximizing yields and ROI through our protocols.
More information can be found in our gitbook:
About Harvest Finance:
Harvest is an asset management platform that maximizes yield for assets deposited by users. Harvest reduces gas costs and develops cutting-edge strategies to become the stop-shop of yield farming in DeFi.
How to use your iFARM with YEL?
Visit https://yel.finance and follow the Spectre section. Make sure you connect your wallet and choose ETH network.
In the Spectre section look for “YEL Enhanced Pools”. Find an iFARM pool. Press “Approve” in order to be able to utilize the pool.
Once “Approve” is passed you will be able to stake iFARM tokens and earn rewards in YEL tokens for it.
Once you have completed the deposit, enjoy your YEL rewards! Don’t forget to harvest them and relocate to other YEL farms in Spectre to maximize your earnings!
This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information may be accurate. Consult a financial professional before making any financial decisions.