At the end of September Harvest announced a collaboration with one of South Korea's only DeFi platforms Donkey Finance! As with all farms, the initial APY was incredibly high but now almost 3 weeks later it still continued to PUMP out rewards for farmers! Donkey Finance has not actually done a partnership before so this was a huge win for Harvest to be chosen!
This farm utilizes the Uniswaps V3 platform and because of that, you are able to add liquidity straight from Harvest's website! The two tokens required are Donkey Finances governance token $DON and WETH and it is hard to argue with an APY that currently is sitting at a nice 578.75%! A huge reason for this is because right now Donkey Finance is issuing out their DON tokens and so Harvest farmers, via the partnership, are currently getting $20,000 a week in DON equalling a 469% APY. That is not all though as while the DON rewards are huge they are in the position that iFARM typically is with 2/3 vested for 6 months! There are two other contributors to the huge APY and one of them is the iFARM emissions which are currently 77.50% APY and these are not vested for 6 months like normal. Lastly, the Uniswap trading fees are averaging out to be an additional 32% which is also a huge driver itself!
Now I have tried to figure out how long the DON bonus emissions will go on for and I have not been able to get a solid concrete answer on that. Even if they did fall to 0 though based on the other two streams of farming you would end up with 109.5% APY yield! Depending on how long the extra DON emissions go on this could be a huge windfall for people interested in acquiring DON!
Please note that I am not a financial advisor just a normal everyday guy! Always make sure to DYOR (do your own research) and never invest more than you can afford to lose! I hope you enjoyed this article! Below are some other passive income revenue streams I used and my referral link is down below as well!
Fold App
Daily wheel spins to win free sats daily! If you sign up with my referral link here you get 5,000 sats for free!
SMiles
If you are like me and walk to work every day this app rewards your walking with Sats! So far I have earned almost 2,000 sats in just a few weeks walking to work! Here is my link!
Hodlernaut
A ton of people have reviewed it on this website and I have to say I love how well it functions! Here is my referral link for that!