This FAQ page addresses some of the most commonly asked questions in the Alita community.
ALI is the native utility token of the Alita.Finance ecosystem. ALI is used as the primary incentive for users when trading across the Alita.Finance ecosystem or through our external CEX partners’ trading platforms.
To farm, you first have to provide liquidity to one of the liquidity pools which you can find on the "Farms" page. After you add liquidity to a liquidity pool, you will receive Liquidity Provider Tokens, commonly referred to as LP tokens. After providing liquidity and receiving your LP tokens, select the liquidity pool you joined from the "Farms" page, approve the contract and then click on the "Farm" button, choose the amount you want to stake and confirm. Learn more about farming here.
The major difference between staking and farming is the type of tokens involved. You only need 1 token (usually ALI) to start staking and earn rewards. With yield farming, you need 2 tokens to provide liquidity for the trading pair and then stake the LP tokens (you receive from adding liquidity) to earn rewards.
To connect your wallet, you have to click on the "Connect" button on the top-right corner of the AlitaSwap platform. After that, look for the wallet you want to connect to AlitaSwap then click on that wallet.
- 1.Make sure you’ve paid enough for gas.
- 2.If you are trading a reflect token, make sure you set your slippage high enough to cover the reflect fee.
- 3.If both are true, please try again.