Creating a Farm

A farm pays a reward token to the staked positions of one pool over a fixed duration. The pool must already exist.

Who can create a farmCopy Anchor Link

• The issuer of either token of the pool (the account that issued the token in its token contract) creates farms for free.
• Anyone else must first pay a farm creation fee. The fee is set per chain in the incentivefee table of swap.alcor and can change, so check it before you pay.

Any token can be used as a reward.

Using the farm creation pageCopy Anchor Link

The farm creation page is on the classic interface of each chain: wax.alcor.exchange/farm/create (or proton., eos., telos.alcor.exchange). It is meant for token issuers.

1. Connect the issuer account.
2. Select the base and quote token of the pool, then its fee tier.
3. Add one or more rewards: the reward token and the total amount to distribute.
4. Select the duration: 1, 7, 30, 60, 90, 180, 240 or 360 days. The page shows the resulting daily reward.
5. Click Create Farm and sign the transaction.

Creating a farm directly with the contractCopy Anchor Link

All actions go to swap.alcor and can be sent in one transaction:

1. Creation fee (not needed for token issuers): transfer exactly the amount in the incentivefee table to swap.alcor with the memo activeincent. The prepaid fee is used by your next farm.
2. Create the farm: call newincentive with:
   • creator: your account;
   • poolId: the pool to reward;
   • rewardToken: the reward token as an extended asset with a zero amount, for example {"quantity": "0.0000 TLM", "contract": "alien.worlds"};
   • duration: in seconds, one of 86400, 604800, 2592000, 5184000, 7776000, 15552000, 20736000, 31104000 (1 to 360 days).
3. Fund the farm: transfer the reward tokens to swap.alcor with the memo incentreward#<incentiveId>. The farm starts distributing when it receives rewards.

Adding rewards laterCopy Anchor Link

Only the farm's creator can add rewards, with another incentreward#<incentiveId> transfer. The new amount and whatever was still undistributed are spread over a fresh full duration starting from that moment.

Questions: Alcor Telegram.