I have been paying close attention to the UI of Harvest's Etherum chain recently because older Uniswap V3 farms that had fallen out of range were back in range! With this change, I was wondering what the current yield was and while I saw my iFARM and value increase I was not able to see what the APY was. Today was the day that they brought these farms to the front! The Uniswap V3 (with ETH ranges of 1.9-3.5k) farms USDC-ETH, ETH-USDT, and DAI-ETH are all located on the front however they are not at the top and are not listed as new you have to scroll down to see them.
The yields are good not necessarily great with the USDC farm yielding 23.37% APY total (16.48% in trading fees and 6.89% in iFARM), the USDT farm yielding 47.95% APY total (34.71% in trading fees and 13.24% in iFARM), and the DAI farm yielding 116.97% APY (21.56% trading fees and 95.41% in iFARM) the reason for the DAI farm being as high is due to the amount of iFARM distribution allotted to it as it only has a little over 10k in deposits. The other Uniswap V3 farms with the higher range are producing better due to the price of ETH being right around the $3,200-$3,300 range.
Now for the new Polygon farms that are being offered! I saw this morning a tweet from Harvest about a YEL-MATIC farm being released however when I first checked I didn't see it. It should be noted that these farms that were added are not yet receiving miFARM emissions. If Harvest follows the typical pattern they will get emissions starting Jan. 18th at 1 PM EST so the APY's listed are based on the pools themselves!
Starting with the farms that have been added and are active there is a new Quickswap farm, Quickswap: PSP-MATIC, yielding 394.88% APY with both PSP and dQUICK being harvested. PSP is the governance token for ParaSwap another DeFi platform on several chains including Ethereum, BSC, Polygon, and Avalanche. The other currently active farm is YEL: YEL-MATIC pairing that is yielding an impressive 1480.89% APY with 1450.37% being auto harvested YEL. This is impressive with over $50 already deposited in the farm!
The first farm that is listed but not active quite yet is for mUSD which you deposit straight onto Harvest's platform and do not have to deposit in another pool for an LP token. The mUSD is via the mStable platform and is designed to be a meta stablecoin used as a store of value across DeFi. It currently yields 15.62% APY but the farm is not fully active yet. You can tell this by seeing that there is only 2.17 in assets deposited. The other farm that is added but not yet active is one people might remember from BSC! It is a Popsicle: ICE-WETH powered by SushiSwap! Right now it is yielding 140.95% APY with 135.42% APY in autoharvested ICE! ICE is the native token for DeFi application Popsicle Finance and like I mentioned was previously on the BSC farm list! Its fantastic to see the Polygon chain continue to grow and the yeilds to continue to be fantastic even with the market volatility! I cannot wait to see what Harvest adds next and if the add more stablecoin like farms or governance tokens for other platforms!
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! Also, follow me on Twitter @Cje95_
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