Even with the recent pullback by the crypto market overall three different Uniswap V3 farms offered by Harvest Finance lasted only a couple of weeks before they were soon replaced by a new set with higher Ethereum ranges. The DAI-ETH, USDC-ETH, and USDT-ETH farms had a new range of $3,000-4,500 USD but the run-up did not stop, and quickly the farms fell out of range! I must admit this run-up and the support it has found at this elevated level caught me off guard big time and I am extremely grateful that I did not move my previous funds to these farms since they did not last!
The new farms for DAI-ETH, USDC-ETH, and USDT-ETH have an ETH range that is a little smaller but runs from $4,200- $5,500 USD. This range should be pretty good for the next few months unless some huge ETH 2.0 news breaks either good or bad. This naturally could drive the price up to the $10,000 range by year-end like I have heard some people call for or if there are issues or delays drop it into the $2,000 to $3,000 USD range.
If you currently have any funds in the $3,000-$4,200 ETH range I would highly highly recommend moving your funds since you are earning 0% APY! Two of the farm the DAI and USDT farms are booming with over 10,000% APY yields since the amounts in them are currently very low! This does not include any Uniswap fees yet meaning that the emission of iFARM is compounding away further boosting your yield! The one that is below 10,000% APY is the USDC-ETH farm and it is yielding 1,985% APY! This is with iFARM emission coming in at 114% APY and Uniswap fees a massive 1,871% APY! An incredible yield to say the least!
Now as more people move their deposits over to these new farms these yields will return to the levels that we have come to see which are still huge might I add at yielding over 50% APY on average! It really does help to be one of the first people to deposit in these farms as the gains are huge and the amount of iFARM I could have earned while writing this would have been enough to really start offsetting the extremely high gas costs we have gotten used to at this point! Happy farming!
Please know I am not a financial advisor I am just someone who picked up on a trend and wanted to express it! Makes sure you always do your own research and never invest money you cannot afford to lose! If you enjoyed this article and would like to further support me below are a couple of referral links that if you used when signing up I would appreciate it!
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