FAQ

How often does a farm pay rewards?

As long as there is a reward period in progress, farms pay out every second. Our new farms don't require any scripts to process rewards every hour, which will alleviate a lot of the issues that took place with our v1 token farms.

Why can't I unstake my tokens?

Farm creators are able to set a lock period of up to 365 days when users stake in their farm. This timer resets every time you place a new stake. If you are unable to unstake, it is likely that you staked in a farm that has a vesting period.

How do I claim my rewards?

You can claim rewards using the getreward action on the tf.waxdao smart contract. All you need to enter is your wallet address, and the name of the farm.

What happens if I don't claim within x amount of time?

Nothing happens to your tokens if you don't claim them. They will just keep accruing until there are no rewards to distribute.

If a new reward is added to the farm, do I need to stake again?

No, users staking in a farm are automatically eligible for all of the reward pools attached to that farm. There is no need to place individual stakes for each reward pool.

Is WaxDAO affiliated with the projects who have created farms?

No, unless explicitly mentioned by WaxDAO, we are not affiliated with any of the projects who create farms using our platform. All we do is provide a service, and an easy-to-use interface so farm creators don't need to code their own contracts.

How do I become a partner and create my own token farming platform?

Please see the Become A Partner section for more information.

I made a mistake! How can I withdraw the reward pool and start over?

The only circumstance where you can remove funds from a reward pool, is if the entire reward period has already passed, and no users staked in the farm. Aside from that, withdrawing is not ever possible.

How are rewards calculated?

Rewards are evenly split between all staked tokens. Your payout uses the following formula.

reward_per_second = reward_pool / farm_duration

user_reward = reward_per_second * seconds_staked * amount_staked / total_staked_in_farm

The math is actually much more complicated than that, but this is the simplified version. The total amount staked in the farm at every single second since your last claim, is also factored into the formula.