Farming FAQ
IMPORTANT: The upper limit for $ULTI Tokens as rewards in Farming is 1 BLN! So take your place before this limit is reached.
1.Differences between farming and staking:
1.1. To add a farm you need to get Ulti-BNB LP tokens
1.2 You can withdraw Ulti-BNB LP tokens before the end of farming period (but you will be charged with a 30% fee)
1.3. You can collect money (Ulti coins) before the end of farming period
1.4. If you choose to withdraw you will withdraw Ulti-BNB LP tokens along with collecting Ulti coins automatically at the same time
2.Can I withdraw funds while it’s being farmed?
Yes, you’ll be able to withdraw funds (farmed LP tokens) at any point of time during the farming period, but if you do this before the end of it, you will be charged a 30% fee.
As for $ULTI rewards - what you earn you can instantly Collect - no fees, no tax. Collect your earned $ULTI's anytime you want!
3. What are the final APR’s?
The following are APR’s depending on the farming period: 14 days — 30% 30 days — 40% 60 days — 50% 90 days — 60% 180 days — 80% 365 days — 110%
4. What is APR? How is it different from APY?
But in short, APR doesn’t take into consideration the compounded interest rate.
5. What happens if I add more into the same farming pool (same period)?
The APR from the previous farm will be recalculated and a new farm will be added to the existing pool. The end period doesn’t change, the absolute return will change based on how much you’ve added to the existing pool.
6. What are the farming limits?
Per one wallet: There is no min and max limit per wallet. For the whole farming pool: Maximum 1 BLN LP tokens (all wallets from all pools).
7. Will the USD value be calculated in real time?
Yes — $LP Token price is updated every 10 minutes and the data is taken straight from CoinmarketCap’s API.
8. How to calculate returns?
Example, the 14 days farming pool has an APR of 30%, so in 14 days you will gain approx 1,149% (30\365=0.0821x14=1,1494%).
9. Do we get taxed 6% when we farm/withdraw?
No, the 6% fee won’t apply when farming/withdraw.
10. Will the entire farm be withdrawn after lock? Is it possible to withdraw profits and continue one more term after the lock period?
You will need to manually collect the whole amount at the end of the farming period. If you wish to add to the existing pool or create a new farm — you’ll have to do it manually.
11. Can we put an unlimited amount of LP token in a specific farming pool, for example a locked pool for 365 days?
The only limit here is Maximum 1 BLN LP tokens (all wallets from all pools). Also remember that the maximum amount of ULTI Tokens as rewards is 1 BLN $ULTI's (so if the limit is reached Farming will be closed!)
12. IS APR dynamic? Can it go from 30% to 50%?
No, the APR is static and can not be changed.
13. Can I withdraw or decrease my LP tokens?
You can't decrease LP tokens.
You can withdraw all LP tokens (along with all ULTI rewards) at any point of the farming period, but you will be charged a 30% fee if you do before the farming period ends.
14. Does farming also give me reflections?
Unfortunately not — that would be too overpowered ;)
15. I’m from PreSales — can I farm the tokens in the launchpad?
You’ll need to claim ULTI’s from the launchpad and then farm.
16. What are the risks of losing investment?
Before investing please learn what's Impermanent Loss:
Impermanent Loss Explained
Impermanent Loss Explained | Binance Academy
Binance Academy
Understanding impermanent loss
17. How do I add ULTI-BNB LP Tokens to MetaMask?
Add this contract address: 0xc80815214371bde401f25e21546df68d93031e3e
Last modified 2mo ago
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