CompliFi Yields Refuse to go Down!

CompliFi Yields Refuse to go Down!

By Cje95 | Chronic Illness and Crypto | 8 May 2021


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! 

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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. 

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Cje95
Cje95

Graduated from Texas A&M in May of 2020 had dabbled in crypto since 2017 but dove in at the end of 2019. December of 2020 packed up and moved to D.C. and shares my growing pains with y’all here! Huge sports fan, space nerd, and international news reader!


Chronic Illness and Crypto
Chronic Illness and Crypto

Cryptocurrency and Blockchain are going to be a huge part of the future and no matter who tries it isn't going to be stopped! Here I try to give my best insight and thoughts into the latest crypto news, features, developments. Further, I look to discover any link to news from the United States ranging from social-political issues to stock market and economic data.

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