Crypto Markets Start Moving and Havest Uniswap V3 Pools EXPLODE in Yeild!

Crypto Markets Start Moving and Havest Uniswap V3 Pools EXPLODE in Yeild!

By Cje95 | Chronic Illness and Crypto | 16 Jun 2021


For the last few weeks, crypto has really been "stuck" so to speak as it had a range and did not really leave it. While it was not a bad thing or something to be nervous about it was something that you needed to keep an eye on! During this time I decided I would test out Harvest new Uniswap V3 pools which come with a completely new way to deposit your assets into LP pools. 

 

I personally used the DAI-ETH pool as I felt it would be the best pool no matter the market as if Eth explodes in price the usage of the pool and the yield I would get out of it would be 110% worth it. Also since it gave part of its yield in iFARM instead of FARM the transition fees would be less if they went back up again. When I did this initially the APY was around 70% which I was thrilled to see. When it fell back down to around 50% I still was pumped by that and more than willing to accept.

 

Since I started a new job I have not checked in all that much on how Harvest yields were going but I had to look today after Harvest actually tweeted out about it! THE YIELD HAD EXPLODED TO A WHOPPING 700%! Now since I was at work I could not really do anything about it and so I just let it roll. When I got off work and finally had time to look at it the APY had "fallen" to "only" 375%! That is an absolute killer steal for how the market has been acting. I was a little worried I would start incurring an impairment loss however my balance has stayed very stable and my iFARM earnings have exploded! 

 

Now always remember to do your own research I really encourage that because for every hit I have there is also a miss or so. Crypto is hard to gauge world right now with how the market is stagnant still even with the price boosts across several coins. This is where I will say I am happy that a couple of weeks ago I had moved my DAI over to Harvest farm as it's yielding a nice 7%. To some people that is not very good but look when I am busy and the platform continues to deliver it is amazing! Once I get more settle at the new job I will be able to allocate my time accordingly but I am still trying to figure that out!

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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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