Detailed Instructions

Your first step is to choose and install a non-custodial wallet like MetaMask, Rabby, or WalletConnect-compatible alternatives. This software holds your private keys, giving you full control over your assets. Never share your secret recovery phrase (12 or 24 words) with anyone.

• Sub-step 1: Installation: Go to the official website (e.g., metamask.io) to download the browser extension or mobile app. Avoid phishing sites.
• Sub-step 2: Create a New Wallet: Follow the setup wizard. Securely write down your recovery phrase on physical paper and store it offline. This is your only backup.
• Sub-step 3: Network Configuration: By default, wallets connect to Ethereum Mainnet. You'll need to add other networks like Arbitrum or Polygon manually for lower fees. Use verified RPC details from chainlist.org.

Tip: Consider using a hardware wallet (Ledger, Trezor) connected to your software wallet for maximum security, especially for larger sums.

Detailed Instructions

You need cryptocurrency to pay gas fees (network transaction costs) and to supply to liquidity pools. The primary asset is often the native token of the chain you're using (e.g., ETH for Ethereum, MATIC for Polygon).

• Sub-step 1: Choose an On-Ramp: Use a centralized exchange (CEX) like Coinbase, Kraken, or Binance. Create an account, complete KYC verification, and deposit fiat currency (USD, EUR).
• Sub-step 2: Purchase Crypto: Buy the base currency for your target chain (e.g., ETH). You may also want to purchase stablecoins like USDC or DAI for less volatile farming.
• Sub-step 3: Withdraw to Your Wallet: Initiate a withdrawal from the CEX to your wallet's public address. Double-check the address and network. Sending ETH on the Polygon network to an Ethereum address will result in lost funds.

Tip: Start with a small test amount for your first withdrawal to confirm the process works before moving larger sums. Expect CEX withdrawal fees.

Detailed Instructions

Yield farming on Ethereum Mainnet can be prohibitively expensive. Bridging assets to a Layer 2 (L2) or sidechain like Arbitrum, Optimism, or Polygon is essential for cost-effective operations. A bridge is a protocol that locks assets on one chain and mints equivalent tokens on another.

• Sub-step 1: Select a Bridge: Use a trusted, audited bridge. For Ethereum to Arbitrum, use the official Arbitrum Bridge (bridge.arbitrum.io). Aggregators like Socket or Li.Fi can find the best route.
• Sub-step 2: Initiate the Transfer: Connect your wallet, select the token and amount to bridge, and approve the transaction. You will pay a gas fee on the source chain.
• Sub-step 3: Wait for Confirmation: Bridging is not instant. It can take from a few minutes to an hour depending on the networks. Your wallet must be configured with the destination network's RPC to see the bridged funds.

Tip: Always verify the contract address of the bridge. A common scam is to imitate bridge websites. Bookmark the official links.

Detailed Instructions

Most farms require a liquidity provider (LP) token, which you get by supplying a pair of assets (e.g., USDC/ETH). You'll also need to approve the farming contract to spend your tokens, a mandatory security step in DeFi.

• Sub-step 1: Swap for Required Tokens: Use a decentralized exchange (DEX) like Uniswap or SushiSwap on your chosen chain. Connect your wallet and swap some of your base currency for the second token in your desired pair.

javascriptCopy
// Example: Approving a contract to spend your USDC on Ethereum
// Contract address for USDC: 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48
// In your wallet's interface, you would approve the farming contract address.

• Sub-step 2: Provide Liquidity: Navigate to the 'Pool' or 'Liquidity' section of the DEX. Deposit equal values of both tokens to mint your LP tokens. You will receive an LP token representing your share of the pool.
• Sub-step 3: Contract Approval: Before staking in a farm, you must approve the farm's smart contract to move your LP tokens. This is a one-time per-contract transaction that grants a spending allowance.

Tip: Use token approval revoke tools (like revoke.cash) periodically to revoke unused allowances and minimize smart contract risk.

Detailed Instructions

First, navigate to the DEX's liquidity provision interface, such as Uniswap V3 or PancakeSwap. You must deposit an equal value of two different tokens, like ETH and USDC. The DEX will calculate the required amounts based on the current market price. For example, if 1 ETH = $3,000 USDC, to provide $1,500 of liquidity, you would deposit 0.5 ETH and 1,500 USDC. Before confirming, carefully review the pool fee tier (e.g., 0.3%, 0.05%, 1%) as it affects your earnings from trading fees and your exposure to impermanent loss.

• Sub-step 1: Connect your Web3 wallet (e.g., MetaMask) to the DEX.
• Sub-step 2: Select the token pair and the specific fee tier for the pool.
• Sub-step 3: Input the amount for one asset; the interface will auto-fill the required amount of the paired asset.
• Sub-step 4: Approve the token contracts for spending, then confirm the add liquidity transaction.

Tip: Start with a stablecoin pair (like USDC/USDT) to minimize volatility risk for your first time. Always keep extra ETH/Matic/etc. in your wallet for gas fees.

Detailed Instructions

After your transaction is confirmed on-chain, the DEX will mint and send LP (Liquidity Provider) tokens to your wallet. These tokens (e.g., UNI-V3-POS or Cake-LP) are receipts proving your ownership stake in the pool. Their quantity represents your share of the total liquidity. It's crucial to verify the transaction on a block explorer like Etherscan. Find your transaction hash from your wallet, and on the explorer, look for the "Tokens Transferred" section to confirm the LP token receipt. The token contract address will be specific to the pool, for example, the Uniswap V3 USDC/WETH 0.3% pool on Ethereum mainnet might be 0x8ad599c3A0ff1De082011EFDDc58f1908eb6e6D8.

• Sub-step 1: Check your wallet's asset list for the new LP token. You may need to import it using its contract address.
• Sub-step 2: Note the exact LP token name, symbol, and quantity received.
• Sub-step 3: Store this information securely; losing access to these tokens means losing your liquidity.

Tip: Bookmark the block explorer link for your 'Add Liquidity' transaction. It serves as a permanent record of your initial deposit details and the LP token contract.

Detailed Instructions

Now, take your LP tokens to a yield farming platform (often called a "farm" or "gauge") to earn additional reward tokens. This is separate from the trading fees accrued in the pool. Navigate to the farm's website (e.g., SushiSwap's Onsen, Trader Joe's Farms) and find the farm for your specific LP token pair. You will need to approve the farm's staking contract to spend your LP tokens, which is a separate transaction. Then, you can stake (deposit) your full LP token balance. Upon staking, you will typically start earning rewards immediately, often displayed as an APY (Annual Percentage Yield).

• Sub-step 1: On the farming platform, locate the correct pool for your LP token (e.g., "USDC-WETH LP").
• Sub-step 2: Click 'Approve' and sign the transaction to grant spending permission.
• Sub-step 3: Click 'Stake' or 'Deposit', enter the amount of LP tokens, and confirm the transaction.
• Sub-step 4: Verify your staked balance and the live reward accrual on the farm's interface.

Tip: Compare APYs across different platforms for the same LP token, but also consider the platform's security and tokenomics. High APYs can sometimes indicate higher risk.

Detailed Instructions

Active management is key. Your rewards will accumulate in real-time. You have several options: Harvest to claim the reward tokens to your wallet, compound by converting rewards into more LP tokens to stake (boosting your position), or simply let them accumulate. To compound, you would harvest rewards, swap half for each underlying token, provide new liquidity to get more LP tokens, and stake them again. This can be gas-intensive. You can check your position's health by monitoring the pool's TVL (Total Value Locked), the reward token's price, and your share of the pool. Use a portfolio tracker like DeBank or Zapper.

• Sub-step 1: Regularly check the farm's interface to see your accrued rewards.
• Sub-step 2: If harvesting, click 'Harvest', pay the gas fee, and confirm. The tokens will be sent to your wallet.
• Sub-step 3: To compound, you might use the platform's auto-compound vault (if available) or perform the multi-step process manually.
• Sub-step 4: Periodically assess if you should exit the farm by unstaking LP tokens, then removing liquidity from the DEX.

Tip: Set a regular schedule (e.g., weekly) to review your farms. Factor in gas costs; for small positions, it may not be economical to harvest or compound frequently.