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Introducing the Venom Blockchain Roadmap: Decentralized Innovation and Community Governance
Introduction: The Venom Foundation is proud to present the Venom blockchain launch roadmap, which sets the stage for decentralized innovation and community-driven governance. In this article, we will explore the stages outlined in the roadmap that will shape the evolution of our blockchain ecosystem. 1- Introducing the Venom blockchain launch roadmap, where we embark on a path of decentralized innovation and community-driven governance. Let's explore the stages that will shape our blockc...

Understanding Venom’s Tokenomics !
Limited Entrie: 100 spot Cryptocurrencies have revolutionized the way we perceive and conduct transactions, and Venom Blockchain is at the forefront of this transformative movement. At the heart of the Venom ecosystem lies its native currency, VENOM, which functions similarly to how ETH operates on the Ethereum blockchain. In this blog, we will explore the tokenomics of Venom and its various use cases that contribute to the network’s functionality and vitality.VENOM’s UtilityThe VENOM token s...
The asynchronous blockchain building a more connected future. Secure by design, scalable by nature

Venom Network’s Competitive Advantages- Tokenomic!
In the crypto space full of excitement and potential, we are always looking for remarkable projects to invest in and participate in. Today, I would like to introduce to you a special project, a promising journey called Venom. Together, we will explore an out-of-the-box blockchain platform, with cutting-edge Turing-complete Proof of Stake (PoS) technology and unique support from the Venom Foundation. Confirmed and registered in the Abu Dhabi Global Market (ADGM), Venom has made its mark as a n...

Introducing the Venom Blockchain Roadmap: Decentralized Innovation and Community Governance
Introduction: The Venom Foundation is proud to present the Venom blockchain launch roadmap, which sets the stage for decentralized innovation and community-driven governance. In this article, we will explore the stages outlined in the roadmap that will shape the evolution of our blockchain ecosystem. 1- Introducing the Venom blockchain launch roadmap, where we embark on a path of decentralized innovation and community-driven governance. Let's explore the stages that will shape our blockc...

Understanding Venom’s Tokenomics !
Limited Entrie: 100 spot Cryptocurrencies have revolutionized the way we perceive and conduct transactions, and Venom Blockchain is at the forefront of this transformative movement. At the heart of the Venom ecosystem lies its native currency, VENOM, which functions similarly to how ETH operates on the Ethereum blockchain. In this blog, we will explore the tokenomics of Venom and its various use cases that contribute to the network’s functionality and vitality.VENOM’s UtilityThe VENOM token s...
The asynchronous blockchain building a more connected future. Secure by design, scalable by nature

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Yield farming is a way of receiving interest from tokens that you own by first investing them into a Liquidity Pool (LP) and then applying those LP tokens to carry out certain smart contracts that are going to apply the pooled assets in other DeFi services (i.e. DeFi lending protocols) that generate certain return.
When users deposit funds to the LP and apply the received LP tokens to start yield farming, they are doing something similar as bank customers put their money on savings account. Similarly, to bank’s T&C, yield farms often (but not always) impose extra positions, like the locking period, during which the funds cannot be unstaked from the farm. On the other side of the deal, depending on the protocol which established the yield farm, the staked tokens can be used for lending, or as collateral to provide liquidity for certain mining pools – in any occasion it will be determined by the smart contracts.
To participate in yield farming, a user must consider the credibility and specific characteristics of the DeFi platform, the assets that will be added to the liquidity pool (since holding these assets during the farming period is required), and the annual percentage yield (APY) or annual percentage return (APR) offered by the farm. The user must also take into account any lock-up periods that may be imposed by the farm. Once the user has added assets to the liquidity pool and started the yield farming process, the reward tokens will start accumulating. These reward tokens can be harvested at any time, but keep in mind that there may be a fee for harvesting. It may be more economically viable to not harvest the reward tokens too frequently. Some DeFi protocols offer fee-free reinvestment options to make it more economically viable for their users and also beneficial for the farm, which can gain extra growth from reinvestment.
Boosted farming has become an increasingly popular way for investors to increase their APR rewards on cryptocurrency farming platforms. Boosted farms on Web3.World DEX allows for an increased APR reward to be gained by holding, staking, and voting with the vested escrow token - which is veW3W token on the Web3.World platform. There are three main ways to increase APR rewards in Web3.World boosted farming mechanism. The first is by effectively locking LP tokens for a certain period. The longer the locking time and the bigger the amount, the higher the percentage of the reward distribution. The second is through $W3W deposit process, which allows to receive up to x2 APR boost and in addition veW3W tokens (vested escrow token) The third – is through the voting process, which allows vested escrow token holders to vote on which farming pools will get additional APR.
Note! Additionally, the APR and rewards distribution can change based on various factors, including market conditions and voting patterns. It is important to stay up to date with any changes and adjust your strategy accordingly.
To enter the boosting “game” the user must hold $W3W tokens and, additionally, $VENOM tokens to pay the gas fees. The user can buy/swap both tokens on the platform or get them as a reward for liquidity provided on the DEX. Web3.World's farming protocol is used to incentivize LP and reward users with native $W3W tokens. As long as the liquidity has been provided to the pool, the user can lock the liquidity for a period of 1 year (maximum) to get an additional x2 APR boost for the farm.
In order to participate in the boosted farms mechanism and get an additional APR boost the user would have to effectively lock $W3W tokens for a certain period of time. The highest efficiency is gained when the user locks the $W3W tokens for the maximum possible period (4 years). The longer the locking time and the bigger the amount is, the higher the reward distribution percentage. In return for the deposited $W3W tokens, the staker gets the equivalent of vested escrow $W3W tokens or veW3W for short. The ratio between veW3W and $W3W is calculated using formula: The vested escrow token cannot be transferred, withdrawn, or swapped on the exchange, however, it is a special utility token which secures the staker’s voting right.
The Web3.World provides the possibility of farming boosts through voting on a weekly basis. Each week veW3W holders could participate in a voting process and determine which farm will be boosted for the next period. As voting has successfully completed, the pools that have surpassed more than 1% of votes will share an additional 42k $W3W tokens with respect to the percentage of votes gained. Conversely, if the token pools have received less than 1% of the votes they will not get any additional rewards and their votes will be allocated to other pools. However, each farming pool has a maximum vote weight (35%), and thus a surplus of tokens above distributed quota will be transferred to Web3World treasury for further usage.
*To maximize the benefit of holding vested tokens and its voting powers the user has to complete certain actions with the Farming pools. Primarily, to provide liquidity into the corresponding pools, and then to stake his LP tokens into the corresponding farms. *
Go to the "Farming" tab on the Web3.World landing page.
Look for the token pair that you would like to farm.
Click on chosen farming pool.
On the next screen, you will see information about the farming pool, including its status, total value locked (TVL), and annual percentage rate (APR) charts and a history of deposits, withdrawals, and claims.
Enter the amount of LP tokens you want to deposit to the yield farming. Note: the amount of LP tokens does not represent the value of the deposited amount in any specific currency. We recommend checking how many LP tokens you have in the liquidity pool and considering the proportion (or you can use the percentage value slider to adjust how many LP tokens you want to deposit) before depositing to the farm. If you need guidance on how to receive LP tokens by adding liquidity to liquidity pools on Web3.World, see this guide
Note: the amount of LP tokens does not represent the value of the deposited amount in any specific currency. We recommend checking how many LP tokens you have in the liquidity pool and considering the proportion (or you can use the percentage value slider to adjust how many LP tokens you want to deposit) before depositing to the farm.
After entering the amount of LP tokens, click "Deposit" to proceed.
Confirm the deposit with your Venom wallet and enter your password to approve the transaction. You can lock your liquidity if you want to boost APR. You will be able to withdraw your liquidity after the lockup period expires.
If the transaction is approved, you will see your share in this yield farming pool. Congratulations, you have successfully deposited LP tokens for yield farming on Web3.World.
The main purpose of depositing your LP tokens for yield farming is to constantly accumulate yield (interest) based on the APR (Annual Percentage Rate) which is displayed on the page where you select the yield farming pair. It is important to know how to regularly claim your rewards.
From the Web3.world landing page, go to the "Farming" tab.
In the "Favorite pools" section, locate the yield farming pair from which you would like to claim the accumulated yield and click on it.
When you believe it is time to collect your yield, press the "Claim" button.
You will have to confirm the transaction to remove the accumulated yield by approving it in your Venom wallet. You may be prompted to enter your Venom wallet password.
That's it. The yield, which is usually received as a specific fungible token (YOSHI in the case of our example, as shown in the previous screenshot), has been collected and placed in your Venom wallet.
To withdraw your LP tokens from a yield farming pool on Web3.World, follow these steps:
Go to the "Farming" tab on the Web3.World landing page.
In the "Favorite pools" section, locate the yield farming pair from which you want to withdraw your LP tokens.
Click on the "Withdraw LP tokens" buttons.
Enter the amount of LP tokens you want to withdraw.
Click the "Withdraw" button.
You will need to confirm the transaction to withdraw your LP tokens by approving it in your Venom wallet. You may be prompted to enter your Venom wallet password.
Once the transaction is confirmed, your LP tokens will be withdrawn from the yield farming pool.
Done🎉
Yield farming is a way of receiving interest from tokens that you own by first investing them into a Liquidity Pool (LP) and then applying those LP tokens to carry out certain smart contracts that are going to apply the pooled assets in other DeFi services (i.e. DeFi lending protocols) that generate certain return.
When users deposit funds to the LP and apply the received LP tokens to start yield farming, they are doing something similar as bank customers put their money on savings account. Similarly, to bank’s T&C, yield farms often (but not always) impose extra positions, like the locking period, during which the funds cannot be unstaked from the farm. On the other side of the deal, depending on the protocol which established the yield farm, the staked tokens can be used for lending, or as collateral to provide liquidity for certain mining pools – in any occasion it will be determined by the smart contracts.
To participate in yield farming, a user must consider the credibility and specific characteristics of the DeFi platform, the assets that will be added to the liquidity pool (since holding these assets during the farming period is required), and the annual percentage yield (APY) or annual percentage return (APR) offered by the farm. The user must also take into account any lock-up periods that may be imposed by the farm. Once the user has added assets to the liquidity pool and started the yield farming process, the reward tokens will start accumulating. These reward tokens can be harvested at any time, but keep in mind that there may be a fee for harvesting. It may be more economically viable to not harvest the reward tokens too frequently. Some DeFi protocols offer fee-free reinvestment options to make it more economically viable for their users and also beneficial for the farm, which can gain extra growth from reinvestment.
Boosted farming has become an increasingly popular way for investors to increase their APR rewards on cryptocurrency farming platforms. Boosted farms on Web3.World DEX allows for an increased APR reward to be gained by holding, staking, and voting with the vested escrow token - which is veW3W token on the Web3.World platform. There are three main ways to increase APR rewards in Web3.World boosted farming mechanism. The first is by effectively locking LP tokens for a certain period. The longer the locking time and the bigger the amount, the higher the percentage of the reward distribution. The second is through $W3W deposit process, which allows to receive up to x2 APR boost and in addition veW3W tokens (vested escrow token) The third – is through the voting process, which allows vested escrow token holders to vote on which farming pools will get additional APR.
Note! Additionally, the APR and rewards distribution can change based on various factors, including market conditions and voting patterns. It is important to stay up to date with any changes and adjust your strategy accordingly.
To enter the boosting “game” the user must hold $W3W tokens and, additionally, $VENOM tokens to pay the gas fees. The user can buy/swap both tokens on the platform or get them as a reward for liquidity provided on the DEX. Web3.World's farming protocol is used to incentivize LP and reward users with native $W3W tokens. As long as the liquidity has been provided to the pool, the user can lock the liquidity for a period of 1 year (maximum) to get an additional x2 APR boost for the farm.
In order to participate in the boosted farms mechanism and get an additional APR boost the user would have to effectively lock $W3W tokens for a certain period of time. The highest efficiency is gained when the user locks the $W3W tokens for the maximum possible period (4 years). The longer the locking time and the bigger the amount is, the higher the reward distribution percentage. In return for the deposited $W3W tokens, the staker gets the equivalent of vested escrow $W3W tokens or veW3W for short. The ratio between veW3W and $W3W is calculated using formula: The vested escrow token cannot be transferred, withdrawn, or swapped on the exchange, however, it is a special utility token which secures the staker’s voting right.
The Web3.World provides the possibility of farming boosts through voting on a weekly basis. Each week veW3W holders could participate in a voting process and determine which farm will be boosted for the next period. As voting has successfully completed, the pools that have surpassed more than 1% of votes will share an additional 42k $W3W tokens with respect to the percentage of votes gained. Conversely, if the token pools have received less than 1% of the votes they will not get any additional rewards and their votes will be allocated to other pools. However, each farming pool has a maximum vote weight (35%), and thus a surplus of tokens above distributed quota will be transferred to Web3World treasury for further usage.
*To maximize the benefit of holding vested tokens and its voting powers the user has to complete certain actions with the Farming pools. Primarily, to provide liquidity into the corresponding pools, and then to stake his LP tokens into the corresponding farms. *
Go to the "Farming" tab on the Web3.World landing page.
Look for the token pair that you would like to farm.
Click on chosen farming pool.
On the next screen, you will see information about the farming pool, including its status, total value locked (TVL), and annual percentage rate (APR) charts and a history of deposits, withdrawals, and claims.
Enter the amount of LP tokens you want to deposit to the yield farming. Note: the amount of LP tokens does not represent the value of the deposited amount in any specific currency. We recommend checking how many LP tokens you have in the liquidity pool and considering the proportion (or you can use the percentage value slider to adjust how many LP tokens you want to deposit) before depositing to the farm. If you need guidance on how to receive LP tokens by adding liquidity to liquidity pools on Web3.World, see this guide
Note: the amount of LP tokens does not represent the value of the deposited amount in any specific currency. We recommend checking how many LP tokens you have in the liquidity pool and considering the proportion (or you can use the percentage value slider to adjust how many LP tokens you want to deposit) before depositing to the farm.
After entering the amount of LP tokens, click "Deposit" to proceed.
Confirm the deposit with your Venom wallet and enter your password to approve the transaction. You can lock your liquidity if you want to boost APR. You will be able to withdraw your liquidity after the lockup period expires.
If the transaction is approved, you will see your share in this yield farming pool. Congratulations, you have successfully deposited LP tokens for yield farming on Web3.World.
The main purpose of depositing your LP tokens for yield farming is to constantly accumulate yield (interest) based on the APR (Annual Percentage Rate) which is displayed on the page where you select the yield farming pair. It is important to know how to regularly claim your rewards.
From the Web3.world landing page, go to the "Farming" tab.
In the "Favorite pools" section, locate the yield farming pair from which you would like to claim the accumulated yield and click on it.
When you believe it is time to collect your yield, press the "Claim" button.
You will have to confirm the transaction to remove the accumulated yield by approving it in your Venom wallet. You may be prompted to enter your Venom wallet password.
That's it. The yield, which is usually received as a specific fungible token (YOSHI in the case of our example, as shown in the previous screenshot), has been collected and placed in your Venom wallet.
To withdraw your LP tokens from a yield farming pool on Web3.World, follow these steps:
Go to the "Farming" tab on the Web3.World landing page.
In the "Favorite pools" section, locate the yield farming pair from which you want to withdraw your LP tokens.
Click on the "Withdraw LP tokens" buttons.
Enter the amount of LP tokens you want to withdraw.
Click the "Withdraw" button.
You will need to confirm the transaction to withdraw your LP tokens by approving it in your Venom wallet. You may be prompted to enter your Venom wallet password.
Once the transaction is confirmed, your LP tokens will be withdrawn from the yield farming pool.
Done🎉
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