This morning Fastyield Finance’s Farms went live! With 20 vaults ready for emissions, Fantom enthusiasts can farm to their heart’s content. Be sure to stake your tokens now so you can take full advantage of the fastest yields on #Fantom! Below is every vault live on fastyield.app/vaults. The FAST and FAST-FTM vaults have a 20 and 60 multiplier respectively. If you’re considering staking FAST, now’s the time.
Fastyield is a yield optimizer, which enables yield aggregation for holders and users of FAST token. To facilitate automation of the yield farming and the process of compounding, Fastyield uses vaults. Vaults also enable a more efficient utilization of gas, as well as other automated processes, and use different yield strategies to help users grow their assets through automation.
How to obtain FAST?
FAST token is traded on Jetswap.finance on the Fantom Network. Jetswap is an automated market maker (AMM) that allows users to buy FAST tokens and instantly exchange them with other tokens listed on Jetswap. Fast token can also be acquired by depositing into any of our Fastyield optimized vaults. Your LP will be compounded while you earn an additional bonus APR with FAST token.
How to create LP using ZAP
Step One: Open the create LP section on Fastyield
Step Two: Enter the amount of FTM you wish to use for the transaction, and the LP token you wish to create. For this example we are using 5 FTM to build FTM-USDC LP on Jetswap.
Step Three: Click “Get LP” at the bottom of the page. Approve and confirm the transaction.
There is a 0.05% fee for using the ZAP feature. This fee will be used for marketing and to fund further development of the protocol.
Step Four: That’s it! The contract will buy the required tokens and build the LP. Your LP tokens will appear in your wallet once the transaction confirms.
You can now deposit your LP into our Fastyield optimized vaults and start earning FAST token!
Source : bsctimes