Harvest Finance: New Polygon Farms!

By Cje95 | Chronic Illness and Crypto | 23 Dec 2021


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_

 

 

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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.! Huge sports fan, space nerd, and international newsreader! Follow me on Twitter @Cje95_


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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