I'm earning $260,000 per month with my farms, something crazy to me 7 years ago when I started in crypto from $0, but that's another story..
This is what I'm farming π
This is my current allocation and expected APR for each farm, many of these numbers are speculative, based on the possible prices of the points I am farming
Average APR: 45% π
First, we have @PlasmaFDN, a stablecoin blockchain (Tether beta) that reached its $1b cap in just a few minutes
Here we are farming allocation to purchase the token at $500m FDV
Based on my expectations (90 days, $1.5b TVL, and $2b FDV), the APR will be 40%
Im top 37 here π§βπΎ
In second place, we have @OpenEden_X , one of the fastest-growing stablecoins currently, related to RWA and backed by Binance
Here I'm farming points with leverage. I expect an APR of 62% for my leveraged position
Next one is @ResolvLabs, the octopus' favorite delta-neutral stablecoin
Here I'm leveraging $RLP. Considering the rates over the last 7 days, I'm earning 36% in real yield here, and I expect at least an additional 10% from S2 points
Let's continue with @neutrl_labs, a protocol that hasn't launched yet, but that offered a private deal with different options, where I decided to lock my capital for 12 months for a fixed 30% APR
I won't be able to leverage in DeFi, but 30% is very good for passive farm
The next thing I'm farming is Optimism Superstack, taking advantage of the pools with the highest multipliers currently. The APR is quite speculative, but the good thing is that it's liquid and very low risk
I'm hoping for a 20% APR, but we'll see when it ends in 17 days
Let's continue with @usualmoney , where I'm earning 60% APR
I don't recommend it right now, as USD0++ could drop in 5 days, due to people who had requisites for the airdrop (like me)
Perhaps after these people leave, it could be a good opportunity if the USD0++ price is good
And finally, we have @StreamDefi, by depositing, we let professionals like @0xlawlol farm in defi for us
I'm leveraging farming on @eulerfinance, and with my expectations of 10% real yield + 5% points (and current rates) I'm getting an APR of 38%
This thread took me longer than expected, so if you find it useful or interesting, let me know by sharing it β€οΈπ
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The $DETH situation is not only affecting @DuoExchange, but also the entire @blast ecosystem, let me explain why..
On 10/10/24 @ContinueFund/@xhlin's wallet was phished, losing 15k $DETH, which was immediately market sold, bringing the price of $DETH to almost zero.
When a user deposits ETH into @DuoExchange, they receive $DETH in a 1:1 ratio, and when the user decides to close their position, they will need to burn those $DETH.
@ContinueFund will have to buy back the stolen $DETH to close their positions.
Want to know what your favorite crypto influencer is holding? This is possible thanks to on-chain analysisπ
In some cases, the data could only be a small part of the influencer's total portfolio, if you want to see the previous episode of this series, here it is:
This is a guide to the different tools I use to detect good farms, different tips on good habits, risk management, and protocols to avoid.
I always have my ETH, BTC and stablecoins working, There are different types of farmers, I consider myself quite conservative.
Earning 5%-20% APR doesn't sound like much, but if farmed correctly it makes a big difference in the long run, thanks to the power of compound interest.
Precautions and risk management:
I personally avoid providing liquidity on bridges or new chains (look what happened with Nomad). I also avoid new projects (that are not forks), especially those that allow multi-chain loans or things like that, bec they have more potential risks