Yield Farming On PearZap On Fantom

By fun2learn | fun2learn | 21 Oct 2021


PearZap is really making effort to make itself into a multi-chain yield farm. It has its yield farming pool on Binance Smart Chain and Polygon.

It has just ventured onto the Fantom network about 10 days ago with really great APR for starters.

It has two really attractive Liquidity Pool by Spiritswap.

Stake PEAR-FTM LP to earn PEAR tokens at 3658.1% APR.

Stake PEAR-USDC LP to earn PEAR tokens at 4157.12% APR.

It has its single stake pool for those who wish to avoid impermanent loss.

Stake PEAR to earn PEAR tokens at 1444.38% APR

Stake WFTM to earn PEAR tokens at 70.95% APR

Stake ETH to earn PEAR tokens at 48.26% APR

Stake BTC to earn PEAR tokens at 57.83% APR

Stake fUSDT to earn PEAR tokens at 60.29% APR

Stake USDC to earn PEAR tokens at 55.85% APR

Stake PEAR to earn other tokens.

Stake PEAR to earn SING at an amazing 8173.32% APR.

Stake PEAR to earn WFTM at 546.61%.

All the above APR are based on the rate at the point of my post and it may get lesser as more people start to stake or provide LP.

I managed to set up my metamask easily by adding Fantom Chain under Custom RPC just like how we do it for Binance Smart Chain, Polygon and other chains.

Network Name: Fantom Opera

RPC Url: https://rpc.ftm.tools/

ChainID: 250

Symbol: FTM

Block Explorer URL: https://ftmscan.com/

I did an exchange on Binance to get FTM tokens and transfer them to the Fantom network.

As simple as this, we can start our farming or staking on Fantom with gas fee many times cheaper than ETH.

I provided PEAR-USDC LP that would probably allow me to earn back this capital within 10 days if the price of its token does not change too much.

Once I earn back my capital after 10 days, I would be enjoying pure profit regardless of what impermanent loss that I may suffer. This is just my plan but there is no guaranteed that I can earn back my capital within 10 days as the APR will certainly get lower as more people stake as well as more PEAR tokens are being produced.

Click Here To Explore PearZap At Fantom 

Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.

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fun2learn
fun2learn

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fun2learn
fun2learn

An educator who often writes educational articles as well as crypto-related articles.

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