Shadow Farms are unique pools that allow users to stake their SpiritSwap, SpookySwap, and Beethoven X LPs and farm their respective staked governance tokens. The strategies will harvest the rewards multiple times a day, and swap them for their respective yield-bearing versions (xBOO, fBEETS, linSPIRIT) and stake them.
A performance fee will be applied only on the compounded rewards and distributed to xLQDR holders. It will always be more profitable to stake in our Shadow Farms strategies compared to staking in our partners’ farms.
Since DEXs have different tokenomics, each Shadow Farms strategy is unique and is adapted to each DEX for best results:
- SpiritSwap [Boosted rewards] : LP Tokens are staked and farmed at the maximum boosted rate in the SpiritSwap farms. $SPIRIT rewards are harvested multiple times a day and swapped for $linSpirit, the LiquidDriver liquid wrapper of inSpirit (cf linSpirit section). $linSpirit tokens are deposited in the LiquidDriver single staking pool that auto-compounds Boosted $SPIRIT rewards into more $linSpirit. In this pool, the Boosted $SPIRIT rewards are the platform fees claimed by LiquidDriver from SpiritSwap. LiquidDriver’s inSpirit position is leveraged to boost both the farming, and the staking yields. More technical details in this article
- SpookySwap : LP tokens are staked in the SpookySwap farms. $BOO rewards are harvested multiple times a day and swapped for $xBOO, the SpookySwap governance token. $xBOO is an interest-bearing token that accrues the SpookySwap platform fees. Hence, $xBOO is increasing in value against $BOO over time. $xBOO collected by the Shadow Farms are staked in the “SpookySwap partners farms” to earn rewards that are swapped multiple times a day into more $xBOO.
- Beethoven X : LP tokens are staked in the Beethoven X farms. $BEETS rewards are harvested multiple times a day and swapped for $fBEETS, the Beethoven X governance token. A portion of the platform fees are utilized to buy-back $BEETS in the open market and distributed to $fBEETS holders through the Beethoven X “fBEETS farm”. $fBEETS collected by the Shadow Farms are staked in the “fBEETS farm” to earn $BEETS rewards that are swapped multiple times a day into more $fBEETS.