I continue to be super impressed with the roll out of additional Polygon farms by the Harvest Fianance team and the return on all the farms overall during this crazy time in the crypto markets. Today when I checked the farms, something I had not done in over a week, I was amazed to see that Polygon had a few more new farms!
Since the last time I had checked in on the farms the Polygon chain has added three new farms. Only one of the farms is fully rolled out with both farm yield and miFARM rewards. That farm would be the Balancer BTC farm which is consisted of both wBTC and renBTC being deposited on Balancer and that LP token being deposited on to Harvest. Right now it is yielding 16.77% APY and that is broken down as 4.24% autoharvested BAL, 5.80% miFARM, and finally boosted with 6.73% wMATIC rewards.
The other two farms have much less yield but are not boosted like the other farms are at the moment. Quickswap: IFARM-QUICK and Sushiswap: USDC-ETH both have previously been farms before but recently were overhauled and relaunched. These farms are yielding 2.99% APY and 13.932% APY respectively. Quickswaps farm is yielding 1.43% in LP APY and 1.56% in miFARM APY while the Sushiswap farm is yielding 9.55% with LP APY and 4.37% in autofarmed SUSHI. I was interested in that the Sushiswap farm was not yielding any miFARM but I am sure that will be something that will be either added or explained soon.
It was nice to see BTC farms continue to be developed on the Polygon chain and to see three different DeFi platforms being tapped for farms. It is not like they are banking all the farms on a single provider but rather continue to make sure it is pretty widespread!
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_
Fold App
Offers daily wheel spins to win free sats daily! If you sign up for Fold with my link here you will get 5,000 sats for free! Currently, you can get Fold's Premium Debit Card Fold+ for free until February 1st. If you sign up for that as well we each receive a free $25 credit!
Unstoppable Domains
Sign up using my link here and get a free $10 credit towards your first $40+ purchase!
Coinbase
Sign up for Coinbase and earn $10 of free Bitcoin when you buy or sell $100 in crypto with my referral here!
SMiles
If you are like me and walk to work every day this app rewards your walking with Sats! So far I have earned over 2,200 sats in just a few weeks walking to work! Here is my link!
