Harvest Finance: Uniswap V3 Pool Yielding 10000%+?!

Harvest Finance: Uniswap V3 Pool Yielding 10000%+?!

By Cje95 | Chronic Illness and Crypto | 19 Aug 2021


Last night when I checked in on Harvest Finance to see what was up as I have been slacking recently I was shocked to see a Uniswap V3 pool yield over 10000%. The only other pool I could remember doing this recently was when Lift.Kitchen was doing so and it did it for a few days before the pool was closed down. This naturally made me hesitant to even think about investing in this pool. However, there is a solid reason as to why this pool has spiked in its yield. 

 

When Harvest launched the Uniswap V3 pool: zUSD-ETH it had an APY in the 200% range and was pretty much staying in that range. The Harvest APY though had a new icon next to the Uniswap unicorn and iFARM tractor. It then clicked with me that in the post announcing how to partake in this farm that Zerogoki announced that there would be a 200k in monthly incentives by the Zerogoki team. This is why the APY is so high as alone this slice of 200k puts the APY above 10000% APY! 

 

The rest of the yield though is really really good still though! The Uniswap trading fees are estimated at a hair above 48% and the iFARM yield is at 84.5% which is amazing as well! I will say that as bad as my Lift.Kitchen investment was the iFARM it yielded has almost paid for the entire investment including the gas fees which is a huge reason why I really like iFARM over regular FARM as I do not have to pay an additional fee to stake it! Depending on the price of gas this might be a farm I get involved in as it is a pretty solid pool looking over all of the research I have done about this stablecoin. 

 

Remember to always do your own research about this token and any other token you read or get told about! 

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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

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