I am almost not making any threads on farming with non-stables assets or degen farming. So I decided to make one with a showcase of farming opportunities on #Fantom as a part of @LiquidDriver contest.
1/ Disclaimer: I am not offering any of the suspicious tomb forks with a few millions APY just for high numbers. All the projects which are mentioned below are considered to be relatively safe and legit. NFA and DYOR if you want to follow this strategy, high risks involved!
2/ I assume that you start with 1000 USD worth of $FTM in the wallet at the beginning.
3/ Wrap $FTM on @SpookySwap and deposit $WFTM to the vault on @iearnfinance for 10% APY, you will get $yvFTM receipt token in return.
4/ Go to @QiDaoProtocol , deposit $yvFTM to the vault and borrow 645 $MAI against it with 155% CDR at 124% APR paid in $QI
5/ $Qi you are receiving deposit to @beethoven_x Qi-FTM pool and farm 152% APR which equals to 356% APY on mai.finance farm page.
6/ Swap your $MAI to $USDC and zap into MIM-FTM pool on @LiquidDriver for 86% APR paid in $LQDR (you can choose any other pool of your choice)
7/ Being a real pirate you would only want to lock your $LQDR for 2 years for $xLQDR and receive 92% APR in $lqdr, $wftm, $linspirit, $boo, $spell and $beets.
8/ Now let's go one by one. Reinvest $LQDR to the $xLQDR as described in the message above.
9/ Deposit $wFTM back Yearn then to mai.finance, borrow $MAI and redeposit it to your pool on Liquid Driver as explained before.
10/ Deposit $linspirit to the Beethoven pool on Liquid driver for 98% APR paid $LQDR, which you will lock for $xLQDR.
11/ Stake $boo on @SpookySwap for $xBoo for 22% APR and lend your $xBOO on @Reaper_Farm for 181% APY
12/ Go to @beethoven_x and stake $Spell to the Song Of Ice And Fire pool for 200% APY and then use Reaper to autocompund for 714% APR
13/ Deposit beets on Beethoven to the The Fidelio Duetto pool and compound it on @beefyfinance for 354% APY
14/ This is the most devicified type of farming with $LQDR. If you want to farm with any particular token only you can swap all the rewards to the chosen token and stick with the one farm only.
15/ Let's try to make a #FrenchChart to visualize the strategy (I am so horrible at this, sorry)
16/ If you like this strategy or have any questions feel free to ask them here or in the @LiquidDriver Discord #strategy channel.
17/ If you liked this thread, I would love it if you could share it by retweeting the first tweet:
1/ app.moremoney.finance is another protocol on #Avalanche which allows you to mint protocol native stable coin $Money against collateral including LPs and interest-bearing assets.
2/ First way to farm is to deposit $DAI and borrow $Money against it at 125% CDR / 80% LTV. Your $DAI will be deposited by the protocol to the partner protocols like Banker Joe, AAVE or Benqi.
1/ First of all I need to mention that I've never participated in wonderland (I do have a basic idea how the market works and who is paying for the party), but I allocated ~1% of my funds into $Spell, $Ice and $wMemo. I owned $MIM as well.
2/ I understand that @MIM_Spell is not connected to @wonderland_fi but massive panic sell (any random FUD on twitter) might cause depeg so I quite 99% of my $MIM positions. We are d̵e̵g̵e̵n̵s̵ farmers after all and we want to keep our funds safe.
2/ @GeistFinance provides up to 10% APR on your collateral (28% APR for #CRV at the moment) and up to positive 4% (get paid to borrow) APR on borrowed stablecoins. Note that #GHST tokens have a 3 months vesting period or a 50% penalty for an early unlock.
1/ Stake $wFTM at @iearnfinance for 70% APY, go to @QiDaoProtocol, deposit $yvwFTM to the vault and borrow $MAI for 0% interest (0.5% repayment fee applies)
2/ At the moment you are getting paid 1% in $Qi for borrowing #MAI stablecoin. Let's assume you have deposited 1000$ worth $wFTM and borrowing at safe CDR of 150%, so you can borrow 666 $MAI for the first loop.