Yield Farming Public Test: A Guide for Participants | by Spectrum Finance | April 2023

We’re excited to announce that our public yield farming test is underway! In this material we have prepared brief instructions on how to participate.

Yield farming is a cryptocurrency investment strategy that is commonly used to increase liquidity in DeFi protocols. It’s all about putting your wealth into a liquidity pool to earn rewards. The rewards are paid in the form of additional tokens, allowing you to earn passive income from your investments. Yield farming has grown in popularity in recent years as more and more investors look for ways to maximize returns in the volatile crypto market.

Before we launch this option, we want to do some public testing so everything is stable at launch time. And for you, it’s also an opportunity to learn about the feature and get a chance to earn an SPF reward.

Learn more about YF in User Guide: https://docs.spectrum.fi/docs/user-guides/yield-farming/

To participate in the public yield farming test, you need to connect your Ergo wallet and get some test tokens on https://ergofaucet.org.

Once you’ve done that, you’ll need to choose one of 3 test pools to join and then wager your wealth to start earning rewards.

There will be 3 test programs: tERG/tSPF, tERG/tSigUSD, tERG/tSigRSV

These are test token and have no monetary value.

You need:

• Deploy any amount of test liquidity;
• Unstake any amount of test liquidity;
• Get a farm reward at least once;

If you find problems, there is a report form.

During the trial period, the team will monitor the performance of the yield farming program to ensure all operations are running smoothly. This includes staking/unstaking, reward calculation, and other issues. We will also collect feedback from participants to help us improve the program and make it more user-friendly.

Go to the ErgoFaucet and enter your Ergo Wallet address. You will receive the necessary test tokens to participate in yield farming!

To thank our community for participating in the tests, 10 participants who successfully complete all steps will be rewarded with 1000 SPF tokens each.

The winners will be chosen at random and the results will be announced on our social media channels after the end of the trial period. So stay tuned for updates.

All the steps can be boiled down to this little cheat sheet:

1. Connect your Ergo wallet to Spectrum Finance;
2. Request test tokens here to submit wallet address and receive test tokens;
3. Stake any amount of test liquidity across all farms;
4. Get a farm reward at least once;
5. Unstake any amount of test liquidity;
6. You can also send us your valuable feedback via the reporting form.

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