For the GIVeconomy to function, GIV must be easy to acquire. The GIVfarm is the place to grow and harvest while supporting the GIVeconomy by providing liquidity for GIV!
Any farms that you stake tokens into will yield rewards that can then be harvested. Most interactions within the GIVeconomy require you to first stake (aka wrap) your tokens in the GIVfarm. After your tokens have been staked, you will begin accruing GIV rewards at the current annual percentage rate (APR). APR represents the percentage of your initial deposit you will receive back after 365 days. This rate is constantly fluctuating based off of the locking multiplier and the total amount of GIV staked in the farm. More on the locking multiplier below.
The more people stake into the GIVfarm means the same amount of rewards are shared amongst more people, so meaning each person staking will get less rewards, proportionate to the amount of GIV they staked.
You can read more about yield farming in this helpful article:
Yield Farming: What It Is, How It Works - NerdWallet
After staking your tokens, you will begin to see your rewards grow. You can claim these rewards anytime by clicking ‘Harvest Rewards’. A percentage of the GIV you earn from staking is claimable immediately, and the remaining percent goes into increasing your GIVstream flowrate. We will talk more about the GIVstream later on in this session.
In the GIVeconomy, you can increase your reward percentage by locking your tokens for a chosen amount of time. The longer you choose to lock your tokens, the higher your multiplier will be. This will increase the APR you get proportionately. This will also increase your GIVpower which will be covered in another section.
