/YFG/ - Yield Farming General

[Anonymous No.52529514]

High APR edition

> WTF is yield farming?
Earn interest on your coins with decentralized finance

> Screeners
Defi Llama - Most up-to date info on DeFi platforms and their TVL
Yield Samurai - the coinmarketcap of yields, compare all yields from proven projects
Nanoly - has more platforms than YS (Celo, Kusama), data seems scraped from websites instead of calculated from blockchain data though

> Portfolio trackers
https://debank.com/

> Suggested wallets
Rabby wallet

Today's finest:

> Highest stablecoin yield
USDT-DAI on Uniswap Optimism 35%

> Highest overall yield
WETH-TSUKA on Sushiswap 140,000%

> Highest sustained yield over a week
WETH-RAD 33,030% on Uniswap v2

[Anonymous No.52529537]

> More pools with sustained yield
GOO-WETH on Uniswap v3 Ethereum 2610% APR average for last 7 days
https://yieldsamurai.com/pool/ethereum/0x93c63cab70225568de9f56559c63a0d2de30bc1b

WETH-XCAL on Uniswap v3 Arbitrum 703% APR average for last 7 days
https://yieldsamurai.com/pool/arbitrum/0x4d352873e4a16952c67aa1bdf6e8f3b143dc6c7d

and unironically...

FTT-WETH on Uniswap v3 Ethereum 647.94% APR average for last 7 days with merely 0.02% impermanent loss

[Anonymous No.52529558]

> High yield stablecoin pools
USDC-DAI on Uniswap v3 Optimism 40% average for last week
https://yieldsamurai.com/pool/optimism/0xd9b160620447d9a9a6ca90c0450f5490e5219257

BUSD-USDC on Uniswap v2 33.64% average for last week
https://yieldsamurai.com/pool/ethereum/0x524847c615639e76fe7d0fe0b16be8c4eac9cf3c

> Up and coming DeFi platforms (high rug risk, high reward, use risk management here)
Ellipsis Finance on BNB 733% increase in TVL (data from DeFi Llama)
DOOAR on BNB and Solana 697% increase in TVL (data from DeFi Llama)

[Anonymous No.52529559]

>>52529537
>FTT-WETH
kek
still not high enough to compensate for risk IMO

[Anonymous No.52529606]

> Not in Yield Samurai
High APR on stablecoins on Kava network.
Kava is the 12th largest crypto blockchain by TVL.
Offering 15.17% on USDT and 12.72% on USDC.
And incentivising the curve 3pool (USDT-USDC-DAI) for 13.6% APR.

Risks involved:
> Kava rug risk
very low, this is a CZ project
> Kava bridge risk (low but significant enough to take into account, do go all in)
> USDT exposure risk (low but significant, if possible avoid in favor of DAI, USDC, TUSD and BUSD)

[Anonymous No.52529617]

>>52529559
High-risk high-reward can be the most profitable strat, but only if you have 2-3 hours per day to do it actively.
I considered ignoring this pool but posted it nonetheless, because people in that pool actually made a lot of money so there's something to be learned

[Anonymous No.52529732]

>>52529514
Morphswap.io

[Anonymous No.52529858]

>>52529732
want to elaborate why this is not a pajeet scam?

[Anonymous No.52529917]

>>52529617
Anything with insane volume will pump fees and apy...but I'm not willing to buy a rugged coin because next thing we know it goes from $2 to $0.10 and all of that apy was for nothing kek. It's still fun to notice though.

I'm farming gmx-weth (90% apy) and canto-eth (300%)

[Anonymous No.52530114]

>>52529917
300-ish is amazing on a reliable coin.
GRT-WETH on Arbitrum used to be 1000+ for a month.
Yes, most of the 6-digit APRs are shitcoins or low TVL, but if you spend 30 minutes per day browsing through pools on yield samurai or new networks on defi llama you'll find amazing gems.

[Anonymous No.52530286]

How many of these dexes have rugged in the last year OP, be honest

[Anonymous No.52531101]

>>52530286
None of the big ones (the type to get listed on yield samurai) have rugged, except for Bancor.
Which is big but not listed there.
And it didn't exactly rug, either.
Not sure what to answer. 0.5?

[Anonymous No.52531909]

>>52529514
what's the point of this general?

[Anonymous No.52531986]

can't be arsed to actually do this DeFi thing but kek at brainlets leaving money on CEXes when higher yields exist in DeFi

[Anonymous No.52532243]

>>52531909
To discuss profitable DeFi pools, to help newfrens learn how to farm, and to share the most efficient strategies.
Unlike the early days of DeFi, most of the money now is made on fees instead of farming useless shitcoins with 0 value. That means that bringing new people to your current pool doesn't necessarily dilute your earnings, because the newfren will leave a lot of fees on the table to join in the first place.

[Anonymous No.52532371]

>>52532243
you're aware nobody is going to read this shit right?

[Anonymous No.52532389]

>>52531986
higher yield always comes with higher risk, il is real, even with stable coins. defi makes not much sense if you have 100K to throw away anyway

[Anonymous No.52532396]

>>52529514
Scam

[Anonymous No.52532439]

>>52532389
I'd argue that a USDC-DAI pool on Uniswap v3 has a higher risk of you losing your private key than an actual breach.
If you have a NW of 10m+ then of course you're not going to farm with your money in stables (or crypto).
But if you are waiting for a good entry price, it's wise to get yield for your money that's in waiting mode.

https://yieldsamurai.com/pool/ethereum/0x524847c615639e76fe7d0fe0b16be8c4eac9cf3c

BUSD-USDC has yielded an average of 28% for the past 3 months on Uniswap v2. It doesn't get less risky than Uniswap v2, and the returns are quite substantial. You don't get yields like that elsewhere

>>52532396
Which part of it? Where were you this past 2 years when /biz/ made it, at least partially through following DeFi?

[Anonymous No.52532505]

>>52532439
if the 20% were consistent, it starts to make sense with 50K. but for the wast majority of people in crypto. throwing in their 1000 dollar to get maybe over a year 100 bucks, please

[Anonymous No.52532704]

Is it worth farming on just one chain? Say bsc for fee avoidance?

t. Beginner farmer

[Anonymous No.52532740]

>>52532704
Yeah, there's thing you might not take into account at first and you shouldn't jump straight into moving funds all the time.
Try BSC or Arbitrum or Optimism for the lowest possible fees. BSC is fine.

[Anonymous No.52532921]

>>52532704
it's less about distinct chains and more about how many pools you're spreading yourself into. if you're starting out then there's no reason to spread yourself thin before you understand the varying risk profiles of different pairs. best to start off somewhere with low gas fees though so you know how the basic infrastructure works

[Anonymous No.52533242]

>>52529732
>>52529858
It is a Jeet scam
If you can tell right away then you will not make it

[Anonymous No.52533749]

>>52533242
I mean if it's a rugpull at least I have to admit it's a high effort one, reading the whitepaper would take me a day.

[Anonymous No.52533906]

i-is yield farming a real thing or is it a scam?

[Anonymous No.52534039]

>>52533906
What part of it do you think is a scam?
It's the realest thing crypto has had for a while

[Anonymous No.52534095]

>>52529606
I looked at yield samurai but didn't seem to let me stake LP tokens...

[Anonymous No.52534119]

>>52534095
YS is just a coinmarketcap for yields.
It shows you the yield for every single pool on the trusted DeFi apps such as Aave, Uniswap, Pancakeswap, etc
Which pool did you like?

[Anonymous No.52535042]

>>52532921
True, but if you're going for max yields, you're going to take massive risks at one point, which means that proper risk management will require you to spread between 5-10 pools at least.
But for a beginner, I guess testing the waters first is fine.
I'd recommend a stablecoin pool

[Anonymous No.52535687]

like anyone gives a fuck

[Anonymous No.52535842]

>>52535687
Not sure why you have to pop up in my thread 3 times to post useless hate but thanks for bumping, I guess

[Anonymous No.52537015]

>https://defi-lab.xyz/uniswapv3simulator
reading and trying to make sense of this stuff makes me feel like such a brainlet sometimes. Problem with this stuff and trying to learn anything via the internet is that sources are so scattered. Isn't there defi encyclopedia or defi For Dummies somewhere? Or do I just keep sifting through Medium blog post and the team's FAQs?