To use any farm, all you need is a wallet with Arbitrum USDC or ETH. With Contrax, you can easily set up a wallet with just a social account like Google or Facebook.
Once your wallet is ready, all you have do is make sure you have Arbitrum USDC or ETH (which is just ETH on a more efficient network). You can do this by:
- Buying it from our exchange page using our partners.
- Transferring it from another site like Coinbase, Binance, Crypto.com, Kraken, or others. We have guides for each one.
Select the farm you want to join
Contrax offers single token or dual token farms with varying APYs. Read our disclaimers page for important disclaimers regarding the farms and their returns.
Note that, currently, only the ETH farm on the single sided token can be joined right away. All dual tokens can be joined with just ETH. For any other single sided, you will need to swap your ETH for the token you want to farm.
Entering a farm to earn yield
Once you are signed in with your wallet and have USDC or ETH:
Go to the farms page
Select the farm you want. You can select farms where your asset is a single or dual token.
Click the farm to open it, then click “Max” (or type your desired deposit amount), and then click “Deposit”.
That’s it! Once you see your confirmation, you now in a farm, earning your yield.
If want a more detailed guide with screenshots, see the Farms page.
You can view your positions in the dashboard, along with the expected yield and your change from when you staked.
When you are ready to withdraw, click just “Withdraw,” enter your amount or click “Max,” and click the withdraw button.
You take your USDC or ETH and enter a new farm, withdraw it from the dashboard, or sell it back into your currency on the “buy” page.