FAQ for Cronje Farms on Sonic

CRONJE Token Contract

0xC36cc0594106090bd13f3b4166A552994186A7FB

MasterChef Contract

0x0dCEfFA49d439625b93c698ce60aB98cEd3dE9f3

Single-Sided Pool Contract

0x34027F2FDd35E11638DD601F9cd6728d103a23bE

Q: What is Cronje Farms?

Cronje Farms is a yield farming protocol on the Sonic blockchain, designed to incentivize liquidity provision and staking within the Cronje ecosystem. Users can stake LP tokens or single-sided CRONJE tokens in farming pools to earn more CRONJE tokens as well as other tokens (examples to come).

Q: What is the Sonic blockchain, and why is Cronje Farms built on it?

Cronje Farms is built on Sonic to make yield farming affordable and efficient, enabling users to stake, claim rewards, and participate in governance without the high gas costs associated with Ethereum-based protocols.

Q: What is the CRONJE token?

CRONJE serves as the reward currency for Cronje Farms. It is backed by a treasury of assets (e.g., stablecoins, LP tokens) and used in staking and farming.

Q: How does yield farming work in Cronje Farms?

Cronje Farms allows users to earn rewards by staking assets in farming pools, managed by a MasterChef-style smart contract. The process involves:

1. 1. Providing Liquidity: Users deposit equal values of two tokens into a Sonic decentralized exchange (Shadow), to receive LP tokens (Examples to come).
2. 2. Staking LP Tokens: These LP tokens are staked in Cronje Farms' pools to earn CRONJE rewards, with Annual Percentage Rates (APRs) ranging from about 95% to over 360%.
3. 3. Single-Sided Staking: Users can stake CRONJE tokens directly to earn rewards, with 5% of CRONJE transactions funding the staking pool.
4. 4. Reward Distribution: Rewards are calculated based on the user's staked amount, the pool's allocation points, and the duration of staking. Users can claim or compound rewards to maximize returns.

Q: What types of farming pools are available in Cronje Farms?

Cronje Farms offers a variety of pools to cater to different risk profiles:

• • Volatile LP Pools: Users stake LP tokens from token pairs to earn CRONJE rewards, offering high APRs but subject to impermanent loss due to price volatility (Examples to come).
• • Stablecoin LP Pool: Users stake LP tokens from stablecoin pairs to earn CRONJE rewards, designed to minimize impermanent loss with stable prices and moderate APRs (e.g., around 95%) (Examples to come).
• • Single-Sided Staking: Users stake CRONJE tokens to earn rewards, funded by a 5% transaction fee on CRONJE transfers.

Q: What are the tokenomics of Cronje Farms?

Cronje Farms employs a balanced tokenomics model to sustain rewards and control the CRONJE token supply:

• • 1% Burn Fee: Each CRONJE transaction burns 1% of the tokens, reducing circulating supply to counteract inflation.
• • 4% Single-Sided Staking Fee: Applied to single-sided CRONJE staking, this fee funds rewards for stakers, encouraging long-term holding.
• • Daily Inflation: CRONJE tokens are minted daily to fund farming rewards, balanced by burns and bonding activity in the core protocol.

These mechanisms aim to maintain CRONJE's value stability while rewarding active participants.

Q: What is the MasterChef contract, and how does it function?

The MasterChef contract is a Solidity-based smart contract that manages Cronje Farms' farming pools. It handles:

• • Pool Management: Defines pools with details like LP token addresses and allocation points.
• • Reward Distribution: Calculates and distributes CRONJE and rewards based on users' staked amounts and pool weights.
• • User Interactions: Supports functions like deposit (stake tokens), withdraw (unstake and claim rewards), and updatePool (refresh reward calculations).

The contract operates efficiently on Sonic's low-fee environment, ensuring cost-effective farming.

Q: How do I start farming with Cronje Farms on Sonic?

To participate in Cronje Farms, follow these steps:

1. 1. Set Up a Wallet
   • • Install MetaMask (or compatible wallet) and configure it for Sonic (RPC URL: https://rpc.sonic.com, Chain ID: 369, Currency: SNC).
   • • Acquire S (Sonic's native token) for gas fees.
2. 2. Acquire CRONJE Tokens:
   • • Swap S, USDC, or other tokens for CRONJE, ensuring you use the official CRONJE contract address (available on cronje.farm).
3. 3. Provide Liquidity:
   • • On Shadow Exchange, navigate to the liquidity section and add equal values of two tokens to a pool (Examples to come).
   • • Approve the smart contract and confirm the transaction to receive LP tokens.
4. 4. Stake in Cronje Farms:
   • • Visit cronje.farm or the Cronje Farms dApp (verify the link via Telegram community or the X page).
   • • Connect MetaMask, select a pool, and approve the smart contract (a one-time step per token).
   • • Deposit LP tokens or single-sided CRONJE tokens to start earning rewards.
5. 5. Claim and Compound Rewards:
   • • Claim CRONJE or other rewards anytime through the dApp's interface.
   • • Optionally, reinvest rewards into pools to compound returns.
6. 6. Monitor Transactions:
   • • Use SonicScan to track staking, reward claims, and contract interactions for transparency.

Q: What is the Sonic Bridge, and how do I use it to participate in Cronje Farms?

The Sonic Bridge enables users to transfer assets (e.g., DAI, ETH) from Ethereum to Sonic for use in Cronje Farms. To bridge assets:

• • Connect MetaMask to the Sonic Bridge website.
• • Select the asset and amount to transfer, ensuring you have sufficient ETH for Ethereum gas fees.
• • Approve and confirm the transaction; bridging typically takes about 15 minutes.
• • After bridging, ensure you have S for Sonic gas fees to interact with Cronje Farms.

Bridged assets can be swapped for CRONJE or used in liquidity pools on SonicX.

Q: What costs are associated with farming on Cronje Farms?

Farming on Cronje Farms is cost-effective due to Sonic's low transaction fees, but there are small fees:

• • Gas Fees: Sonic transactions cost less than $0.005, making staking and claiming affordable.
• • Bridging Fees: Transferring assets from Ethereum to Sonic incurs Ethereum gas fees, which vary based on network congestion.
• • Staking Fees: A 4% fee applies to single-sided CRONJE staking, funding rewards.
• • Impermanent Loss: Volatile pools may experience losses if token prices diverge, though stablecoin pools minimize this risk.
• • CRONJE NFT Benefits: Coming Soon. Holders avoid farming fees, reducing costs compared to non-NFT users.

Q: How are APRs calculated, and are they sustainable?

Annual Percentage Rates (APRs) in Cronje Farms, ranging from about 95% to over 360%, represent the annualized return from staking, based on:

• • Reward Emissions: The rate at which CRONJE tokens are distributed to pools.
• • Pool Participation: The total staked assets in a pool, affecting reward distribution.
• • Token Prices: Fluctuations in CRONJE or paired token prices impact APRs.

Sustainability depends on:

• • Burn Mechanism: The 1% burn fee offsets the daily inflation of CRONJE tokens.
• • Liquidity: High pool participation maintains attractive APRs.

Users should monitor APRs on cronje.farm, as they fluctuate with market conditions.

Q: What are the risks of farming with Cronje Farms?

Participating in Cronje Farms involves risks, including:

• • Impermanent Loss: Volatile pools risk losses if token prices diverge significantly. Stablecoin pools are designed to minimize this risk.
• • Smart Contract Vulnerabilities: Cronje Farms uses battle-tested smart contracts with audits.
• • Market Volatility: CRONJE's price is influenced by market demand.
• • Sonic Network Risks: Low liquidity or network issues could impact pool stability or transaction reliability.
• • Regulatory Uncertainty: DeFi protocols face evolving regulations, which could affect Sonic or Cronje Farms.

Q: How can I minimize risk while using Cronje Farms?

Follow these best practices:

• • Verify contract addresses on cronje.farm or the official X Page or the official Telegram group to avoid phishing scams.
• • Use a dedicated MetaMask wallet for DeFi activities to isolate funds and reduce exposure.
• • Diversify investments across volatile and stablecoin pools to balance risk and reward.
• • Check the smart contract audits or community feedback on the Cronje Farms community hubs to ensure protocol security.

Q: Are Cronje Farms' smart contracts audited?

Yes. More details to come. Cronje Farms utilizes battle-tested smart contract architecture forked from Pulsechain - which has run flawlessly.

Q: How does the MasterChef contract function in Cronje Farms?

The MasterChef contract is a Solidity-based smart contract that powers Cronje Farms' yield farming pools. Its key functions include:

• • Pool Management: Configures farming pools, specifying LP token addresses, allocation points, and reward structures.
• • Reward Distribution: Calculates and distributes CRONJE and other rewards based on users' staked amounts, pool weights, and staking duration. Rewards are computed using a formula like pending = (user.amount * pool.accCronjePerShare) / 1e12 - user.rewardDebt.
• • User Interactions: Provides functions such as:
  • • deposit(uint256 _pid, uint256 _amount): Stake LP tokens or CRONJE.
  • • withdraw(uint256 _pid, uint256 _amount): Unstake tokens and claim rewards.
  • • updatePool(uint256 _pid): Refreshes reward calculations for accurate distributions.

The contract leverages Sonic's low transaction fees, making frequent interactions cost-effective. Users can verify the contract's address and source code on SonicScan or cronje.farm.

Q: How does Cronje Farms integrate with the Sonic ecosystem?

Cronje Farms is deeply integrated with Sonic's DeFi ecosystem, relying on:

• • Shadow Exchange: Sonic's largest DEX where users create LP tokens for farming pools.
• • Sonic Bridge: Facilitates asset transfers from Ethereum to Sonic, enabling users to bring stablecoins or other tokens for liquidity provision.
• • SonicScan: A block explorer for tracking transactions, staking events, and smart contract interactions.

Sonic's low fees and fast block times enhance the efficiency of farming, governance, and reward claiming, making Cronje Farms accessible to users with varying investment sizes.

Q: What makes Cronje Farms different from other yield farming protocols on Sonic?

Cronje Farms stands out due to:

• • Forked Design: Adapted from EMIT Farms, it combines yield farming with Olympus DAO-inspired tokenomics (burns, staking, and treasury backing).
• • Diverse Pools: Offers both volatile and stablecoin pools, catering to different risk preferences.
• • Governance: The DAO and CRONJE NFT enable community-driven decision-making, fostering user ownership.
• • Stable Rewards: ANDRe rewards for single-sided staking provide a less volatile income stream.
• • Low Costs: Sonic's minimal fees make farming accessible, unlike Ethereum-based protocols with high gas costs.

Q: Where can I find updates or support for Cronje Farms?

Stay informed and seek support through:

• • Official Website: cronje.farm provides access to the dApp, contract addresses, and documentation.
• • X Account: @CronjeFarm shares announcements about new pools, partnerships, and community events.
• • Community Hub: t.me/CronjeFarms is the official Telegram Group.
• • Sonic Community Resources: Blogs, forums, or X accounts covering Sonic's ecosystem may offer additional insights and support.

Q: Does Cronje Farms collaborate with other projects on Sonic?

Yes, Cronje Farms partners with various projects to expand its farming pools and ecosystem. These collaborations introduce diverse LP token pools, enhancing user options and fostering interoperability within Sonic's DeFi landscape. Check cronje.farm or @CronjeFarm for updates on current and upcoming partnerships.