Last Week COMFI Farm was Added Still it Returns are Over 1% PER HOUR

By Cje95 | Chronic Illness and Crypto | 12 May 2021


Last week with the launch of Compli Finances Governance token the Harvest Finance farm was yielding such a high amount they actually changed how the APY is displayed! While typical of new farms to have crazy high yields I wrote a few days ago how the yield on this farm just refused to go down! Well, it's still refusing to and even Harvest Finance on Twitter pointed it out!

 

 

Harvest Tweeted out and let people know that this farm is yielding OVER 1% PER HOUR! How many yield farms can you say are that high days after they first launched. With almost 1 million in assets deposited into it, the yields are still out of the world. What is even more important is that the FARM emissions are not regular FARM but rather iFARM which compounds automatically removing the need for you to deposit and stake the asset! This saves you just a little bit more on gas and with how impressive this yield is I would expect that initial providers have been able to easily not only get their original investment out but also pay the gas fees to pay for it!

 

Getting back all of your money and still having part of the asset left allows you to do what I call playing with the house's money. The idea is based on gambling in a casino where you have made back your initial entry and now you are only playing with the money that you have won. By someone doing this they do not have to worry about getting burned by the asset price. If the asset moons then BAM amazing if it craters to worth anything well that is pure practice! Say that COMFI goes completely to zero the iFARM emissions will continue to grow uninterrupted no matter what! You have already received them!

 

Personally, this is my goal with any crypto or stock for that matter. To get back my initial investment and then be able to do with the leftover however I want. This allows me to typically have cash flow and not have all of my money tied up in different assets. Tezos and Compound are two of the Cryptos I can highlight this effort with. Tezos's ability to stake allowed me to do this with a pretty hands-off approach. I let what I had initially bought build up increasing the compounding power then sold off the initial investment at one time. Compound (COMP) I last bought it in the lower $300's and the amount I put in this particular time was only $50-60 bucks it was really just something that wasn't a stablecoin I did not think would crash. Well, I pulled my initial investment out when it went over $500 and now am playing with money that is pure profit. 

 

For reference the old view of the yield was

 ace021a48a7ac26b090de7b7958e1c79a903c1c25b7cace2027ffa736f453526.png

 

Now since the number was just too crazy they simplified it with it now appearing like dca927da6d178ff708d3233fcf878bd620614ff867ccfc160b720865089671f6.png

 

I have never seen a yield farm that has not gone down to a more normal level this far into the yield farming. With the rewards being as crazy high as they are those that got in at first are very very fortunate or possibly lucky individuals depending on how you look at it!

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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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