How to yield farm on Kyber DMM on Polygon
Kyber Dynamic Market Maker(DMM) is a protocol that maximises the use of capital for liquidity providers with its amplified pools to provide high capital efficiency and dynamic fees that optimise returns. Polygon’s high-speed and economic infrastructure during trading and liquidity provision offers an edge to users.
Step 1: Head over to https://dmm.exchange
Step 2: Head to the Pools tab and connect your wallet.
Step 3: Add liquidity to your selected token pair by depositing it into the eligible pool list. In return, you will receive DMM LP pool tokens representing your pool share.
Step 4: Click on the Yield tab.
Step 5: Choose the Polygon network.
Step 6: Select the pool you wish to deposit in from the eligible pool list.
Step 7: In case you forget Step 3, Click on Approve and a wallet popup will appear to confirm your transaction.
Note — *AMP = Amplification factor. Higher AMP, higher capital efficiency within a price range.
Step 8: After the approval stake and unstake or harvest as per your needs.
Note— When you harvest rewards, a new 30-day vesting period is activated.
Subscribe to our medium — https://polygontech.medium.com/subscribe
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.