✨Begin Lodging Liquidity

How does farming work on Merlin?

• By creating a staked position on the Merlin Platform, you automatically earn LP swap fees and farm incentives, which can be boosted with locks and stMAGE's yield booster

• Your staked position can be deposited into the Merlin Cauldron pool to earn additional rewards

As a result, your position would earn swap fees + farming incentives (which can be boosted) + Cauldron rewards.

How to create a staked position on Merlin?

Go to the ‘’Trade -> Liquidity’’ tab

2. Check that "Position" is selected

3. Select Chosen Token and ETH and approve/initialize

4. Choose the lock duration

5. Click create a position

6. Confirm the transaction once the wallet window appears

How to deposit position into a Cauldron pool?

Upon creating a staked position, go to the ’Earn -> Cauldron Pool’ tab

2. Select the (Chosen Token)-ETH pool, or click on the ‘'Matching Cauldrons'’ button on your position management panel

3. Look for the deposit button next to compatible positions on the Cauldron pool dashboard

A brief overview of Merlin's farming emissions

MAGE is Merlin's native token and stMAGE is a non-transferable illiquid token, corresponding to staked MAGE. The stMAGE value is directly correlated to the MAGE value. One stMAGE equals one MAGE.

The majority of farming emissions are in stMAGE which requires redeeming in order to be traded.

The farm incentives provide an 80%/20% MAGE ratio, while in this case, the Cauldron pool provides various incentives dependent on which one you deposit to.

How to boost farming emissions existing APR?

The staked positions farming incentives can be boosted through time locking or yield booster. The boosts are based on multipliers, the max total multiplier that can be achieved is 4x

LP trading fees and nitro pool rewards won't be affected by either of the boosts, only existing farming incentives APR will be increased

What is the impact of multipliers on farming incentives?

• 2x Multiplier = 100% Boost

• 3x Multiplier = 200% Boost

It's possible to specify a lock duration when creating a position or lock it directly in the position management panel after the position was already created

• By setting a six-month lock, the maximum boost from time locking can be achieved, but any number of days can be set

In order to open the position management panel and lock an already created position: Go to ‘’Earn -> My positions tab -> Select position’’

Through the Yield Booster plugin, you can allocate stMAGE to a staked position in order to increase existing APR yield earned from farming incentives

• As more users allocate stMAGE to a pair, the APR will be lower for the amount you allocated. The process works in both directions.

How to access true yield on Merlin?

stMAGE can be allocated to the dividends section of the platform to earn a share of the protocol earnings in true yield, primarily in ETH-USDC LP and stMAGE portions.