Extra Finance
  • 3️⃣Welcome to Extra Finance
  • Overview
  • Getting Started
    • MetaMask
    • Safe (Multi-Sig Wallet)
  • Audits & Security
  • Risks
  • Contracts & Transparency
  • Academy
    • Thoroughly understand a farming position
    • Intro to Leveraged Yield Farming - Overall
    • Intro to Leveraged Yield Farming - Long Strategy
    • Pseudo Delta Neutral (PDN) Farming Strategy
    • Extra Finance Deep Dive
  • Bridge EXTRA
  • FAQ
  • 👨‍🌾Leverage Farming
    • Introduction to Leveraged Yield Farming
    • How Extra Finance Works
    • How to use
      • Open a Farming Position
      • Close a Farming Position
    • Strategy
      • Re-investing Strategy
      • Long/Short Farming Strategy
      • Market Neutral Strategy
    • Pool Info
    • Price Feed
    • Impermanent Loss
    • Liquidation
  • 🏦Lending
    • Introduction to Lending
    • How to use
    • Interest Rate Model
    • Pseudo-Fixed-Interest-Rate Model
  • 🌕Tokenomics
    • Introduction to Tokenomics V2
    • ve-Mechanism & Utility V2
    • Allocation & Emission V2
    • Staking V2
    • Tokenomics V1
      • ve-Mechanism & Utility
      • Allocation & Emission
      • Staking
        • How to Stake (to veEXTRA)
  • 📘Resources
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  1. Leverage Farming
  2. How to use

Open a Farming Position

PreviousHow to useNextClose a Farming Position

Last updated 1 year ago

To open a farming position, simply follow the steps below:

Video Tutorial:

Text Tutorial:

  1. Select an available farming pool that you’d like to farm and click on “Farm”

  1. Supply either one of the assets or both assets you’d like to invest(Note that the minimum asset value required for farming is $10 or equivalent)

  1. Set the leverage and specify the assets to borrow(One-click farming templates can also be selected)

  1. View the breakdown of the farming strategy and the simulation of the estimated PnL

  2. Click on "Confirm" and confirm the transaction on your wallet

  1. Once the transaction is processed, you can find the info about your farming position in the "My Positions" section on the Farm page.

Visit

Connect to your Web3 wallet (such as . Please ensure that you have a sufficient amount of ETH to cover on-chain gas fees. These fees will be charged by the Optimism chain. ExtraFi still maintains 0.00 gas for in-app transactions)

👨‍🌾
Extra Finance’s farm page
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