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!
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