The Woof function on ShibaSwap is the yield farming platform where Liquidity Providers (LPs) can stake their ShibaSwap Liquidity Pool (SSLP) tokens to earn additional BONE rewards. This is an advanced feature that allows you to maximize your earnings from liquidity provision.
Yield farming is only available on the Ethereum chain. You must first provide liquidity to earn SSLP tokens before you can stake them for additional rewards.

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What is Yield Farming?

Yield farming is a DeFi strategy that allows you to earn additional rewards by staking your LP tokens. On ShibaSwap:
  • Primary Rewards: Trading fees from providing liquidity (0.3% per trade)
  • Secondary Rewards: BONE tokens from staking SSLP tokens in Woof
  • Compound Earnings: Reinvest rewards to maximize returns
Yield farming involves additional smart contract interactions and gas fees. Make sure you understand the risks before participating.

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How Yield Farming Works

Step 1: Provide Liquidity

Add tokens to a liquidity pool and receive SSLP tokens representing your share.

Step 2: Stake SSLP

Stake your SSLP tokens in the Woof section to earn additional BONE rewards.

Step 3: Claim Rewards

Claim your accumulated BONE rewards and optionally reinvest them.

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Available Yield Farming Pairs

ShibaSwap offers yield farming for various liquidity pairs. Each pair has different reward rates based on:
  • Trading Volume: Higher volume pairs typically earn more rewards
  • Liquidity Depth: More liquid pairs may have better reward distribution
  • Market Demand: Popular pairs often have higher reward rates
  • SHIB/ETH: Core ecosystem pair with consistent rewards
  • BONE/ETH: Governance token pair with good yields
  • LEASH/ETH: Deflationary token pair with unique rewards
  • USDC/USDT: Stable pair with lower but consistent rewards

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How to Start Yield Farming

1

Provide Liquidity First

Before you can yield farm, you need SSLP tokens:
  • Go to the Liquidity Pools section
  • Add liquidity to your chosen pair
  • Receive SSLP tokens representing your position
Choose pairs with good trading volume for maximum fee earnings.
2

Navigate to Woof Page

Access the yield farming platform:
  • Go to the Woof page on ShibaSwap
  • Connect your wallet (MetaMask, WalletConnect, etc.)
  • Ensure you’re on the Ethereum network
3

Select Your Farming Pair

Choose the SSLP pair you want to stake:
  • Browse available farming pairs
  • Check current reward rates (APY)
  • Review total value locked (TVL)
  • Select your desired pair
Different pairs offer different reward rates. Monitor the APY to choose the most profitable options.
4

Approve SSLP Tokens

First-time staking requires approval:
  • Click Approve for your SSLP tokens
  • Confirm the transaction in your wallet
  • Pay gas fees for the approval
This approval is only needed once per token type. Subsequent stakes won’t require re-approval.
5

Stake Your SSLP Tokens

Deposit your SSLP tokens for farming:
  • Enter the amount of SSLP tokens to stake
  • Review the transaction details
  • Click Stake and confirm in your wallet
  • Wait for blockchain confirmation

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Managing Your Yield Farming Position

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Monitoring Your Position

  • Staked Amount: View your total staked SSLP tokens
  • Earned Rewards: Track accumulated BONE rewards
  • APY: Current annual percentage yield
  • TVL: Total value locked in the farming pool

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Claiming Rewards

You can claim your BONE rewards at any time:
1

Check Available Rewards

View your accumulated rewards on the Woof page.
2

Click WOOF Button

Click the WOOF button to claim your rewards.
3

Confirm Transaction

Confirm the claim transaction in your wallet.
4

Receive BONE Tokens

Your BONE rewards will be sent directly to your wallet.
You can claim rewards multiple times or let them accumulate. There’s no penalty for frequent claiming, but consider gas fees.

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Unstaking SSLP Tokens

To withdraw your staked SSLP tokens:
  1. Go to the Woof page and select your farming pair
  2. Enter the amount of SSLP tokens you want to unstake
  3. Click Withdraw and confirm the transaction
  4. Your SSLP tokens will be returned to your wallet
Unstaking will stop your BONE rewards for that amount. Make sure to claim any pending rewards before unstaking.

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Reward Distribution

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BONE Token Rewards

  • Source: Protocol fees and tokenomics
  • Distribution: Proportional to your staked amount and time
  • Frequency: Rewards accumulate continuously
  • Claiming: Manual claiming required

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Reward Calculation

Rewards are calculated based on:
  • Staked Amount: More SSLP tokens = more rewards
  • Time Staked: Longer staking periods earn more rewards
  • Pool Performance: Higher volume pools may earn more
  • Total Pool Size: Your share relative to total staked amount
The actual APY varies based on market conditions, trading volume, and total staked amounts.

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Advanced Yield Farming Strategies

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Compound Farming

Maximize your returns by reinvesting rewards:
  1. Claim BONE rewards from your farming position
  2. Swap BONE for tokens in your liquidity pair
  3. Add more liquidity to increase your SSLP tokens
  4. Stake additional SSLP for more rewards
  5. Repeat the cycle to compound your earnings

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Multi-Pool Farming

Diversify your yield farming across multiple pairs:
  • Spread Risk: Don’t put all your SSLP in one pair
  • Maximize Rewards: Different pairs may have different APYs
  • Liquidity Management: Balance between farming and trading needs

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Timing Strategies

  • Monitor APY Changes: Reward rates fluctuate based on market conditions
  • Gas Fee Optimization: Consider gas costs when claiming rewards
  • Market Timing: Some pairs may perform better during certain market conditions

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Risks and Considerations

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Best Practices

1

Start Small

Begin with small amounts to understand the yield farming process and risks.
2

Monitor APY

Regularly check reward rates and consider rebalancing if better opportunities arise.
3

Claim Strategically

Balance between frequent claiming (higher gas costs) and letting rewards accumulate.
4

Diversify Positions

Don’t put all your SSLP tokens in a single farming pair.
5

Track Performance

Monitor your total returns including fees, rewards, and impermanent loss.

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Troubleshooting

Transaction Failed

  • Check gas fees and increase if needed
  • Verify wallet connection and network
  • Ensure sufficient token balance
  • Try again with higher gas limit

Rewards Not Showing

  • Check if you have staked SSLP tokens
  • Verify you’re on the correct network (Ethereum)
  • Refresh the page and reconnect wallet
  • Wait for blockchain confirmations

Cannot Unstake

  • Verify you have staked SSLP tokens
  • Check your staked amount
  • Ensure sufficient gas for transaction
  • Try unstaking smaller amounts

Low Rewards

  • Check current APY rates
  • Monitor total staked amounts
  • Consider switching to higher-yield pairs
  • Review market conditions

Liquidity Pools

Learn about providing liquidity and earning SSLP tokens.

Getting Started

Complete beginner’s guide to ShibaSwap.

Bury (Staking)

Learn about staking SHIB, LEASH, and BONE tokens.

Yield Farming Guide

Visit the official ShibaSwap yield farming page.
Yield farming is an advanced DeFi strategy that can significantly increase your returns from liquidity provision. Start with small amounts, understand the risks, and gradually scale up as you become more comfortable with the process.