How does Farming LABO LP work and what is IL?

In pools, you stake a singular asset for interest that is paid to you in LABO over time.

In farms, you stake LP (Liquidity Provider) tokens for interest that is paid to you in LABO over time.

LP tokens are delivered to your wallet after you add liquidity to the Pancake Swap exchange by liquidating two different assets of yours simultaneously. One of the most popular LP pairs to farm are LABO-BUSD, which we will now use as an example to guide you through the process of setting yourself up for farming.

To be delivered LP tokens, first obtain the two currencies you want to turn into the LP tokens, in our case you would need BUSD and LABO or WBNB and LABO.

If you don't have LABO yet, you can use a stack of BUSD that is comprised of all the value you wish to stake, and swap half of it for LABO on the Exchange page. This works because LP tokens are just a symbol of half and half equal value of two assets.