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Harvest is still not done rolling out the new farms it appears! By happenstance, I was checking out Harvest to see if we had any new Polygon farms and much to my surprise we had a new farm on the Ethereum Chain! While I would typically be against a new farm on the Ethereum Chain this new farm brought to you by Harvest is all about yielding you that sweet sweet wETH!
Harvest has just launched its new LOOKS farm. This one differs from the other one they launched a week or so ago by not requiring the WETH pairing and with what it is auto-harvesting! With the LOOKS-WETH farm, its payout is in iFARM and auto-harvested LOOKS however the LOOKS farm itself is paying out boy iFARM and WETH! Currently, its APY is out of this world because it only has a little over $400 in deposits so expect this to go down but considering the WETH farm is paying out just 0.52% this LOOKS farm is an ETH printer!
Looking into its APY its LP APY is at 1846%, its auto-harvested WETH APY is a crazy 1775%, and its iFARM emissions alone are over 10,000%! The iFARM emissions is a nice added touch since they continue to grow just by holding it in your wallet! Will this last forever? No of course not but a key thing I have learned with yield farming is getting in early when the iron is still hot! This is another FANTASTIC addition by the Harvest team as letting you use LOOKS to get the coin that is so very important for both DeFi and crypto investing, in general, is a huge huge step in the right direction!
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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