Even better, its a single-asset strategy, so no impermanent loss!
Something for all our Curve-pilled brethren to take note of! @CFrogE1@KahtahM
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Finally, the last option involves the good diamond frogs at @dopex_io.
$DPX and $rDPX have been on an absolute tear the last week or two (thank you @tztokchad!), but many don't realize that Dopex also includes some insanely good farming opportunities... (cont)..
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... right now you can earn 220% on $DPX/ $WETH and 301% on $rDPX/ $WETH!
Just create an LP pair on Arbitrum Sushiswap, and then deposit the LP tokens onto the @dopex_io 'Farms' section :)
You may lose out on some upside with the tokens, but the apr's are absolute ๐ฅ!
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Conclusion: Those are five awesome yield farming opportunities I think have kind of stayed under the radar, all highly recommended! (though do your due diligence as always as there's many risks involved).
And if you liked this thread plz RT and follow! :)
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And.. if you want to learn more about yield farm-related stuff similar to the above, here's some more great accounts to follow I haven't mentioned before!
Thread: How Should A Humble Farmer Navigate Risk-Off Mode?
So with the market getting beat like a red-headed stepchild and @CryptoHayes going all @DoombergT on us... the question of "risk-off" is front and center, even for us humble yield farmers...
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To wit, it was the distinguished @TaikiMaeda2 that popularized the "humble farmer" archetype, back in the 13th year of our Lord Satoshi (aka 2021), and I think its a great heuristic.
The idea... (cont)..
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...is that we can't know for certain which assets are going to go up, what side of the coffin Jerome Powell will wake up on today, what the crazies in DC will screw up next, etc.
So.. the new L1 that is making waves today is $FUSE. I had seen talk of it the last few days on here, and today the good cowfolk at Beefy added itโฆ
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I have immense faith in Beefy, and as soon as I saw they had added it I decided it was worth bridging over to at least explore the farming opportunities.
More on that below, and a tutorial on the whole bridging process including screenshots, etc.
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$FUSE had an extremely small market cap until very recently, when it started shooting up.
However, despite that huge spike, its still massively lower in marketcap than any other L1โฆ which puts it in a very interesting position for we humble farmers to consider.
The team at @Spirit_Swap has been shipping like crazy lately!
Hereโs an updated thread on everything to know about Spirit Swap and $SPIRIT for the start of 2022:
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Brief intro: Spirit Swap is one of the OG dex's/AMM's on Fantom.
Today, with $FTM surging upward, the @Spirit_Swap team is unveiling some extremely innovative stuff, and have pivoted to a tokenomics model that could be VERY consequential going forward :)
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Before we get to the new stuff, some basic info...
$SPIRITโs current price is $0.161 and market cap is 47M.
It has a TVl of around 210M, making it the second-biggest Fantom-native dex after Spookyswap.
It currently ranks #669 on @coingecko by marketcap.
Fun pop quiz, which of the following would have been profitable (vs just holding) if taken 6 mo ago and held til today?
a) ETH-AAVE at 30% apr
b) ETH-FTM at 50%
c) ETH-USDC at 20%
d) AVAX-USDC at 100%
e) AVAX-USDC at 250%
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Answers to quiz at bottom of thread :) But first, a brief breakdown of Impermanent Loss (hereafter called 'IL').
Since I started farming fulltime, IL has occupied my thoughts every day, but its a tricky subject, and there's some bad takes you'll see floating around on it.
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First a definition: IL is the relative loss you incur from providing tokens in a liquidity pool within an AMM, vs just holding them for (hopeful) appreciation.
There is always IL, the only question is if the yield you are given as an incentive to LP will outweigh the IL.
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