How to Use Mimo Farm V3: A Step-by-Step Guide to Staking and Earning Rewards

Network & Products
1

To enhance user experience and offer a richer mining pool, we’ve upgraded Mimo Farm to V3. Now, users can farm not only with MIMO V2 liquidity trading pairs but also with V3 liquidity trading pairs. Start exploring Mimo Farm V3 today: mimo v3 | Empowering a Fresh Trading Experience.

2548×1411 220 KB

In Mimo Farm V3, you can mine using assets like USDC.e, ioUSD, USDA, and more. You can check the tutorial here: Step-by-step guide on how to get USDC.e, ioUSD, and USDa

Mimo Farm supports mining with LPs from both V2 and V3 liquidity pools. We’ve clearly labeled the V2 and V3 pools on the frontend, so please make sure to check whether you want to provide liquidity to a V2 or V3 pool before adding liquidity. Below are instructions on how to use the V3 mining pools:

2179×697 79.4 KB

Part 1: Staking a Position

  1. Select a V3 pool and click “Add Liquidity”

:warning: Note:

  1. Rewards for V3 liquidity mining are only available for positions provided within a specified range. For example, ioUSDT/USDC.e at 0.3%.
  2. Due to the unique nature of V3 pools, after the pool expires, if the project adds more rewards, users need to withdraw and re-stake their LP to continue receiving rewards.

1280×623 149 KB

  1. Choose the amount of liquidity to add, then click “Add Liquidity.” You will see a confirmation message indicating that liquidity has been successfully added.

582×769 43.5 KB

  1. Click “Stake” to stake your liquidity. If you don’t see your staked LP in the list, manually refresh by clicking the top right corner.

1562×557 54.2 KB

  1. Confirm the stake. A second confirmation is required: first, to move the position into the pool, and second, to finalize the staking.

Once completed, your positions will appear in the “My Stake” section. Staking is now finished!

Part 2: Adding More Liquidity to Your Current Sta

  1. Select the LP you want to add more liquidity to and click “Add Liquidity.”

899×461 23.2 KB

  1. Click “Add Liquidity” and enter the amount of additional liquidity.

:warning: Since your position is already staked, the frontend will prompt you that you’re adding liquidity for an existing position. This is a normal message.

587×818 45.5 KB

  1. Confirm the addition of liquidity.

  1. Check the updated liquidity. After adding more liquidity, you can view the updated balance by clicking “Positions.” The Position Size should have increased accordingly.

1264×628 58.5 KB

Part 3: Multiple Staking and Claiming Rewards

  1. Multiple Staking: Users can create multiple LPs for a single trading pair and stake them individually. For example, after adding liquidity, you can click “Stake” to see different LP Token IDs.

1285×513 84.7 KB

Select the newly added LP, click “Stake,” and confirm the transaction. You will see the number of positions increase.

864×371 20.3 KB

  1. Claiming Rewards: Click “Harvest” to withdraw all rewards accumulated across your positions in the pool. Once harvested, both the rewards and the balance will disappear, confirming the successful claim!