Grand opening of Ester Finance

2 min readMay 6, 2021

Staking farming of Ester Finance will start at 2021–05–06 02:00 PM UTC. From here, you could get all the info you wanna know.

Reward Rate

0.08 EST every second, which means 6912 EST will be minted every day.

Pools

There will be 6 pools you can join.

FTM/EST
wFTM
EST
BOO
SPIRIT
ICE

These 6 pools will share the 6912 EST every day. The ratio between them is

10 : 1 : 1 : 1 : 1 : 1

which means the reward rate of FTM/EST pool will be 10 times of the others.

What is wFTM

Wrapped FTM(wFTM) is the ERC20 form of FTM, just like the relationship between wETH and ETH. They will always be 1 : 1. You could go to SpiritSwap or any other DEX you like to swap them. You could swap between them anytime without any loss.

What is the procedure to join the party

Choose the pool you like and click Stake. The first thing you gonna do is to approve the contract to transfer your token. Then you are in!

Whenever you stake or unstake. The reward token will be sent to you.

When you wanna leave. Just click Claim And Unstake. All your tokens and the reward will be sent to you.

There will be no such thing like deposit fee or withdrawal fee. We just want you to enjoy the party.

What is the risk

Well. First of all, do your own research. For the single staking pool, You could farm EST without any loss, but the reward rate is low. If you want to get higher rewards, you could join the LP party. Besides the risk of contract, LP liquidity farming may cause impermanent loss. Please get more detail of “Impermanent Loss” by yourself.