Thank you for the information provided.
in order to withdraw liquidity provided, do u need to unstake the LP tokens first?
As long as you donāt remove your liquidity, you keep earning fees. Only difference while farming is you canāt remove liquidity without unstaking your LP tokens from the farm.
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Youāre welcome!
Yes indeed; please see the steps above as well.
Regarding Impermanent Loss - could the Dao reward HNY liquidity providers with bonus HNY upon removal of liquidity if there is a large change in price of HNY but stable price on the pair token? That would be an incentive for staking of HNY pairs (obviously farming could be too).
Tbh I think thatās the risk associated with the reward of getting the fees, personally I dont see why the DAO should pay you for the consequences of your own decisions. If the price goes down you are only 50% exposed to the loss instead of just holding the token. If price goes up you only get 50% of the gain, either way you get the fees so fairās fair
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Great post, clear and concise information. Keep up the good work my man.
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Yeah, fair enough. I think I am just used to uniswap where providing liquidity has an up front cost of about $50 depending on gas fees, so it is more likely someone will put the majority of their holdings into a pool, rather than a small part of their holdings.
Yes, and the great thing about Honeyswap is that it costs virtually nothing to switch between pools - as long as there is enough liquidity as you might need to swap some tokens.
So it is much easier to, say, get out of a HNY pool because you think one of the 2 pooled tokens will rise/fall a lot, and temporary swap and park all your funds in a stablecoin farm (those will be be added).
Pooling already minimises your risk, the rest is up to you 
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this is a very good clear instruction and explanation. only took a minute to be in the pool. I love the work put into this, thanks and great job to the team 
Thank you for the info, I would share it on TG groups. love the work, well done team!
So does this mean if I were to deposit 1 LP xDAI-HNY token in a farm, after one year with a 300% constant APY, Iād get 3 HNY? or 3 LP XDAI-HNY LP tokens? Not including the 1 LP token staked.
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Correct! Though I have never seen a farm that could keep up an APY that high for that long
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Thatās theory of course. But how are the farmed tokens generated? I understand that in liquidity pools you get a % of the trade fees based on much liquidity you supplied to the pool, but here?
Also as your LP tokens are no longer in your wallet, how do you track your liquidity/fees from the liquidity pool (through https://honeyswap.org/#/pool) ?
The tokens were already minted and in the common pool (reserve), after the vote passed they were transferred to the farm contract.
Currently there unfortunately is no way to check the value (accrual) of your LP tokens when they are staked, only when you unstake them again.
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Thanks Harry for the tutorials, I guess everyone will be benefit from this. Cheers
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Thank you Harry, I just deposited and your tutorials made it nice and easy. See you around the hive!
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Great FAQs
I would add how to find LP token contract address to add to metamask
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Thanks for the suggestion @Santigs. It is actually already there, in the last part of the pooling instructions above, but I might add it to the FAQ later as well.
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I had the same question. Hopefully someone will eventually let us in on a solution to know how are tokens are balanced in a staked pair. Would be useful to see the impact of impermanent loss on the total profits.
Thank you Harry. I am having an issue in Metamask. My tokens have disappeared, I try to add them again with the contract address and it tells me they are already added but they are not shown. I installed Metamask in a different browser and I was able to add them there but it is very weird not being able to see them in my regular chrome extension.
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