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Hi everyone,
Click here to access the interest rate tracker. It’s been updated so you can see the best rates offered among the various lending platforms. Also, please consider signing up for new platforms with the referral links posted by the moderator. He updates and maintains the excel spread sheet. I’m sure he’d greatly appreciate it.
Always make sure to do your own research before aping into the farms I present. This is not intended to be endorsement of these protocols and I don’t farm all the protocols I review. This is for educational purposes only. If you wanted to learn about these farms sooner make sure to follow me on Twitter and join my private discord.
Also, let me know of any farms or projects you think are worth reviewing. I can’t commit to anything, but your recommendation could prompt video or written reviews.
Osmosis Zone
This is the first decentralized exchange on Cosmos and they’ve launched with very lucrative yield farming rewards. They adopted a hybrid model taking the best elements of Balancer, Uniswap, and Thorchain. Their native governance token is OSMO and it had one of the fairest launches in DeFi. Most the tokens are allocated to staking rewards and liquidity providers:
Staking rewards - 25%
Developer Vesting - 25%
Liquidity Mining Incentives - 45%
Community Pool - 5%
The token will obviously be very inflationary for the first few years, so you may want to sell a portion to lock in the gains. Unfortunately, the liquidity protocol doesn’t support any stablecoins, however there’s a good chance UST maybe added in the near future. Also, Sifchain is working on an EVM bridge which would enable erc20 stablecoins to be traded on Osmosis.
For now you can only farm with volatile crypto assets. Unless you already have exposure to ATOM or are bullish on Cosmos, it may not be in your best interest to farm any of pairs in the image below. If the market suffers another correction you’re likely to experience a significant loss.
I’ve published two videos on how to get started. Make sure to watch them thoroughly before you begin farming.
QiDao & Balancer Incentives Partnership
QiDao partnered with Balancer to incentivize the first two Balancer pools on Polygon. Balancer allows for automated rebalancing of your portfolio and acts as a liquidity medium for traders. By providing liquidity to one of the pools in the image below you’ll gain exposure to a basket of assets and earn yield farming rewards. The QiDAO partnered pools Qi/WMATIC/MAI/BAL & MAI/USDC/USDT/DAI will each receive 2,500 BAL , 37,000 MATIC , and 15,000 QI per week.
Kyber Network
Kyber Dynamic Market Maker is designed to be the next generation liquidity protocol. It aims to maximize capital efficiency with its amplified pools through a dynamic fee model. The just launched their liquidity mining incentives on 6/30 and despite a TVL of $205M, the yields are holding up pretty well.
The image above is for the Ethereum chain, however Polygon yields aren’t displayed at the moment. The image below details the allocated reward distributions for both Ethereum and Polygon.
C.R.E.A.M. Finance
C.R.E.A.M. Finance will launch liquidity mining incentives on Polygon soon. At launch they’ll support the following tokens.
USDC/USDT/DAI
MATIC
WETH
WBTC
LINK
SUSHI
CRV
QUICK
This means you’ll be able to borrow against these assets or simply generate a yield.
ApeRocket
This farm will be launching sometime this week. They have a very close partnership to ApeSwap and are focused on compounding yields for ApeSwap liquidity providers. Their governance token on Polygon is pSPACE and will entitle stakers to cashflow generated by the protocol. On the Binance Smart Chain the cashflow is distributed in BNB so there’s a chance ETH will be paid out to pSPACE stakers on Polygon. I suspect we’ll see the follow pools incentivized on launch:
Earn Yield On RUNE
For those who want to earn yield on RUNE in a single asset pool, check out MantraDao and C.R.E.A.M. Finance. They both are relatively low risk money market protocols. Mantra offers the best yield ranging from 5-7%. C.R.E.A.M. is more inconsistent, offering yields ranging from 1-10%.
I’d also like to remind you the ThorStarter IDO has been rescheduled to 7/2 1400 UTC. In preparation make sure to have native RUNE ready in your XDEFI wallet. The video below shows how to get started.
Mirror V2
With aUST users can earn 20% APY and use their yield bearing token as collateral on the Mirror protocol. This opens up so many new yield generating strategies. The image below outlines a few potential strategies. Source
Most the farms on Mirror for mAssets are generating between 40-50% APR. They also have short farms which allow for delta neutral positions.
If you have exposure to LUNA or don’t mind getting some, here’s another strategy you can use to optimize your yield.
Fantom
Curve made it’s expansion into Fantom and is offering over 500% APY on BTC. Stablecoin rates are also very competitive. Given that most DeFi farmers have their attention focused on Polygon, it maybe a while before these yields are diluted.