HoneyFarm-HoneyBear
  • 🍯HoneyFarm Layer 2 - HoneyBear
  • Information
    • 🚀Launch
    • 🗺️ Roadmap
  • TOKENOMICS
    • 🧸BEAR Token
    • 🚜Delegated Farming
    • ↩️ GreedyBear
    • 🐻AngryBear
  • Products
    • 👨‍🌾 Farms
    • 🎑Pools
    • 🛡️ Honey Keeper Protocol - BEAR
    • 💰Royal Jelly
    • 🐝WorkingBee (Coming Soon)
    • 👬Referral Program
  • Previous Layers
    • 🍯Layer 1 - Honey
  • Next Layer
    • 🌕Layer3 - Moon
  • SECURITY
    • Migrator Code Removed
    • Emergency Withdraw
    • Audit
  • Others
    • HoneyBear Images
    • Contracts
    • Social Networks
Powered by GitBook
On this page
  • Delegated Farming Burning Mechanism
  • Why delegated farming?

Was this helpful?

  1. TOKENOMICS

Delegated Farming

PreviousBEAR TokenNext↩️ GreedyBear

Last updated 3 years ago

Was this helpful?

Delegated Farming Burning Mechanism

  • Earned yields from the delegated farming will be used for BEAR buyback and burn

Why delegated farming?

As HoneyFarm is contributing to the liquidity pools of PancakeSwap, these tokens are more than just a way to farm BEAR. We'd like to play the long HoneyFarm and make a benefit for users from these LP tokens in an optimal way.

When a wallet deposits an LP token into a farm, the HoneyFarm Smart Contract will then delegate these tokens to its farms on PCS. When the wallet withdraws the LP tokens out of the farm, the LP tokens will be withdrawn by the contract out of PCS as well. The wallet will still earn sweet BEAR as a reward, but the contract will also earn yields from 3rd party pools. These harvested tokens will then be used to buy and burn BEAR tokens to increase the value and stability of BEAR.

🚜
HoneyFarm Delegated Farming Mechanism