No unnecessary extra steps and hurdles
The Phantasma team values the elegance of simplicity. With multiple other liquidity incentivization programs, you would be required to stake your liquidity pool tokens — your only proof that you own your tokens in the liquidity pool — in a smart contract. Often this is a smart contract written and deployed by a 3rd party, which the user needs to trust not to run off with the funds through a flaw in the contract.
With Phantasma Pharming however, there is no need to touch your LP tokens, let alone move them out of your wallet. Simply provide liquidity and receive your LP tokens automatically, log into the Phantasma Pharming website, and you’ve started earning Pharming rewards! This is made possible by the Pharming mechanism which automatically allocates native SOUL and KCAL rewards to the Phantasma mainnet address corresponding to the BSC and ETH addresses holding the LP tokens.
Simply log in to the Pharming website with the wallet you used to provide liquidity, and you will see your rewards growing — and claim them whenever you wish, without caring about either Ethereum or Binance Smart Chain transaction fees!