How to Farm Apples on Etherlink (Step-by-Step guide)

1. Open the Apple Farm page

Go to this link: https://app.applefarm.xyz/ to open the main page of the Apple Farm campaign.

2. Open the Opportunities page

Click on the Opportunities tab to open the page where you can choose the best way to farm the highest APY on your deposit.

3. Choose the most appealing Opportunity

For our example, we will provide liquidity to the USDT-USDC pool on the IguanaDEX.

At this moment, we have an enormous, mostly 35% APY on the stable (USDT/USDC) pool, which is significantly more than any other possibilities on the market.

4. Open the Opportunity page

Click on the arrow in the green circle to open the dedicated page for this opportunity.

5. Click the Supply button

To open the page of the liquidity pool where you will be able to add liquidity on the IguanaDEX, click on the Supply button.

The rewards will be distributed to you using the following rules:

1. 60% of campaign rewards are split amongst liquidity providers based on the fees their positions earn;
2. 20% of campaign rewards are split amongst liquidity providers based on the amount of USDT held in their positions. The more USDT they hold over time relative to others, the greater their share of rewards;
3. 20% of campaign rewards are split amongst liquidity providers based on the amount of USDC held in their positions. The more USDC they hold over time relative to others, the greater their share of rewards;
4. Out-of-range positions do NOT earn rewards.

6. Click on the Add Liqudity button

Click on the Add Liquidity button to open the page where you will be able to create the position in the liquidity pool and supply your tokens to start earning the rewards in Apples.

7. Connect your wallet to the IguanaDEX

Click on the Connect Wallet button to connect your wallet.

By this time, you can use MetaMask or any other wallet that supports EVM chains.

8. Create your position in the USDT/USDC pool

To create the position on the IguanaDEX, you need to set up:

1. The price range (1-2 on screenshot): we recommend using from -0.2% to 0.2% to get the biggest chance to stay in the position to earn Apples as a reward;
2. Enter the token amount of USDT or USDC in fields 3 or 4, and the amount of the other token will be calculated automatically.

9. Click on the Enable USDT and USDC buttons

Click on the Enable USDT and Enable USDC buttons and confirm transactions in your wallet to allow spending of your tokens to the IguanaDEX USDT/USDC pool.

10. Click on the Add buttons

Click on the Add buttons as on the screenshot and confirm the transaction in your wallet to add your tokens to the USDT/USDC pool on the IguanaDEX and start earning Apples as a reward.

11. Check your earned Apple rewards

Go to the Apple Farm Dashboard: https://app.applefarm.xyz/users/

You will be greeted with the page that asks you to insert your wallet address or simply to connect your wallet to check and claim your rewards.

12. Connect your wallet to the Apple Farm Dashboard

Click on the Connect Wallet button to connect your wallet and check your rewards.

13. Check your rewards

On this page, you are able to check your Total Earned reward, as well as Claimable Soon rewards and Claimable Now rewards.

Rewards are distributed every 8 hours (can be delayed for 30-45 minutes).

Conclusion

Congratulations! You've now walked through the essential steps to successfully farm Apples on the Etherlink blockchain using the Apple Farm campaign. This step-by-step guide has shown you how to navigate the Apple Farm interface and identify promising liquidity-providing opportunities, such as the high-APY IguanaDEX USDT/USDC pool.

As demonstrated, the Temple Wallet, now a powerful multichain wallet, seamlessly supports both its native Tezos environment and various EVM blockchains, including Etherlink. Temple Wallet is an excellent choice for users looking to engage with diverse DeFi ecosystems directly from one secure application.

By carefully following the process of setting your liquidity position's price range, enabling the necessary token permissions (like USDT and USDC on IguanaDEX), and finally adding liquidity, you activate your potential to earn Apple rewards on Etherlink. Remember that factors like staying within your chosen price range and the specific rules of reward distribution (based on fees generated and token amounts held) influence your earning potential.

Don't forget to periodically visit the Apple Farm dashboard to check your earned rewards – both those accumulating and those ready to claim. Rewards are distributed regularly, allowing you to track your progress in this Etherlink yield farming initiative.

Participating in the Apple Farm campaign is more than just earning rewards. It's an active way to support and engage with the burgeoning DeFi landscape on Etherlink. Whether you're a seasoned DeFi user or new to yield farming on EVM chains, this guide provides the foundation you need.

So, gear up your Temple Wallet, get your early public beta version, and revisit the Opportunities page on Apple Farm, and start putting your assets to work. Begin your journey to farm Apples on Etherlink today and become part of this exciting ecosystem! Happy farming!