Yesterday I wrote an article about the newest farm edition to Harvest Finance on the Ethereum side of things which you can find here. If you have not read it or had the chance to Harvest Finance has entered the yield farming game with derivatives and CompliFi protocol is whose protocol that they are farming. The COMFI-ETH pairing like all new farms initially had a huge APY which is expected especially when the initial staking asset amount is small however I never for the life of me would have guessed what I saw today.
The APY of COMFI-ETH is almost COMPLETELY UNCHANGED! This is 35 HOURS after the launch and even crazier is that OVER 800,000 LP tokens have been added and it is still at the extremely high payout rate! Here is a screenshot I just took to show how freakin crazy the rate of return is!
As you can see I personally do not have any LP tokens for this protocol but this APY this far makes it extremely tempting to get into. Especially with the iFARM payout being as well as it is with iFARM alone you might be able to cover your gas fees rather quickly. I have personally taken a step back from the Ethereum blockchain due to the fees but with huge juicy gains like this to be had it really makes you think twice.