Thread: 5 Under The Radar Yield Farming Opportunities ๐Ÿ”

Wanted to do a quick thread to highlight some really awesome farms that don't get a lot of recognition!

Big fan of all these and I hope they're useful for you!

1/x
The first is from an awesome protocol I'm currently doing a deep dive on called @GMX_IO.

They offer leveraged trading on Arbitrum + now Avalanche, and part of this involves their $GLP token.

$GLP is a basket of stables & bluechips you can mint and provide liquidity for..

2/x
...and earn very solid apr's on in the process.

Currently on Avalanche where @GMX_IO just deployed, you can earn 120%+ via $GLP (see below).

The protocol is complex so due your due diligence, but definitely an amazing opportunity (and again, thread on it coming soon!).

3/x
The next opportunity is on @MetisDAO - the new ETH L2 I did a thread on last week.

The farm in question is the $METIS/ $WETH farm on @netswapofficial, currently offering 292% apr.

In addition, you can get way higher apr's if you LP $NETT pairs (their token).

4/x
I learned about @MetisDAO and @netswapofficial from the amazing @Cryptoyieldinfo and @BillyBobBaghold, so massive thanks to them!

Will be very interesting to see how Metis does this year and in the meantime the AMM's on it have some amazing yields available!

5/x
Next up is a farm on @beethoven_x, which is an approved Balancer-clone on Fantom full of creative pool combinations.

I absolutely LOVE @beethoven_x and they have a ton of good farms that are still not that well-known, so its hard to pick one... however... (cont.)

6/x
...for this thread I wanted to highlight the 'Grand Orchestra' pool.

It is 1/3 $BTC, 1/3 $ETH, and 1/3 $FTM.

All solid top 30 MC coins, with an apr of 89%!

7/x
Next up is another great Fantom opportunity that may now be the best $CRV option off ETH L1.

It's the @Screamdotsh $CRV opportunity provided by @beefyfinance.

$SCREAM has been killing it lately, and their resulting jump in token price has led to increased yields...

8/x
...meaning you can (as of now) earn 91.99% APY via @Screamdotsh via @beefyfinance!

Even better, its a single-asset strategy, so no impermanent loss!

Something for all our Curve-pilled brethren to take note of! @CFrogE1 @KahtahM

9/x
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)..

10/x
... 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 ๐Ÿ”ฅ!

11/x
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!

@defiyield_app
@milesdeutscher
@mohitjandwani
@technovikingeth
@JackNiewold
@brettpalatiello
@Mark2work

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More from @rektdiomedes

9 Jan
A Short Thread On Volatility And Conviction

So... are we entering a 'crypto winter' like 2018-2020?

Is @CryptoHayes right that the FED is gonna club our bags like a baby seal?

1/x Image
Or are we just on a dip and on the way to a @zhusu supercycle?

I don't know, but there's some fascinating historical precedents we can look at from history...

2/x
One of the macro analysists I find myself constantly referencing- both irl and on here- is @LukeGromen.

And there's an interesting fact he often references about Weimar Germany...

3/x
Read 17 tweets
7 Jan
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...

1/x
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)..

2/x
...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.

We can however control our YIELD FARMING.

3/x
Read 23 tweets
6 Jan
Thread: How To Bridge To Fuse @Fuse_network And Be Farming On It In Ten Minutes Via @beefyfinance & @Fuse_Fi

๐Ÿงต๐Ÿง‘โ€๐ŸŒพ๐Ÿฎ๐Ÿธ

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 itโ€ฆ

1/x
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 L1โ€ฆ which puts it in a very interesting position for we humble farmers to consider.

3/x
Read 26 tweets
4 Jan
One take I often see on this app is the idea that crypto is zero sum.

"If one person makes money that means someone else is losing money."

This is totally not the case though... the industry is growing at 120% per year, its like the least zero sum sector in history...

1/x
I guess if you're just explicitly focused on trading vaporware it might be zero sum...

and certainly there are thing to be cynical about...

but overall its a legit flowering of insane creativity and value creation...

2/x
At the very least its a superior form of financial plumbing, and should continue growing as a result.

But human creation is not zero sum.

The idea that "value is only created by exploiting labor or the environment" is wrong.

3/x
Read 4 tweets
28 Dec 21
Thread:

The team at @Spirit_Swap has been shipping like crazy lately!

Hereโ€™s an updated thread on everything to know about Spirit Swap and $SPIRIT for the start of 2022:

1/x
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 :)

2/x
Before we get to the new stuff, some basic info...

$SPIRITโ€™s 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.

3/x
Read 25 tweets
27 Dec 21
Thread: Should You Worry About Impermanent Loss?

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%

1/x
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.

2/x
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.

3/x
Read 25 tweets

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