Oak Barrel
Staking your LP tokens for even more CORK
Last updated
Staking your LP tokens for even more CORK
Last updated
Winery Swap let user stake their LP tokens to earn even more CORK with every token staked this way. This is a method for your token to work for you even when it stays in the liquidity pool while you can double your reward, one from the liquidity pool and the other from Oak Barrel.
Oak Barrel will bring you CORK rewards over time. You can collect these rewards and use them to get more LP Tokens, stake them in Champagne, use them to play Win for a chance to win big, or anything else you want to. Essentially CORK is just another token you own like anything else, you may also trade it for another token.
Oak Barrel (Yield Farm) APR calculations include both:
LP rewards APR earned through providing liquidity and; Farm base rewards APR earned staking LP Tokens in the Farm.
When you stake your LP tokens in a farm to earn CORK, you're still providing liquidity to the liquidity pool, so you earn LP rewards too!
The Farm Base APR is calculated according to the farm multiplier and the total amount of liquidity in the farm - this is the amount of CORK distributed to the farm.
On top of that, farmers receive LP rewards for providing liquidity. Here's an example of calculating LP rewards:
In the WBNB/BUSD pair above, we see these values:
Liquidity: $40.66K
Volume 24H: $792,246
Volume 7D: $20.41K
Calculate yearly fees:
👍Use the 24H volume to calculate the fee share of liquidity providers in the pool (based on the 0,12% trading fee structure):
$20.410*0,12/100 = $24.492
👍Next, use that fee share to estimate the projected yearly fees earned by the pool (based on the current 24h volume): $792,246365 = $289.169,854
We can now use the yearly fees to calculate the LP rewards APR: That's yearly fees divided by liquidity:
($289.169,854/$40.660)*100 =711,19% LP reward APR
