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Today Harvest has rolled out a new farm for a token that I had heard of but did not know a lot about. The farm that was added was from Curve, one of the large AAM players on the Ethereum blockchain, and is for the asset TBTC: Mixed. TBTC: Mixed differs though as it is a pool of four different types of wrapped Bitcoin. To mint the Curve TBTC: Mixed a user must deposit tBTC, renBTC, wBTC, sBTC.
I realized once I saw it that I was thrown off by actually not seeing other pools like this one that combines the vast variety of wrapped Bitcoin tokens as a pool like this is definitely something I can see a need for and expect to be a pretty important thing. An interesting thing to note though is that you do deposit tBTC and receive tBTC the tokens are different from the first one, the one you deposit, is from Keep Network while the other is the result of adding your 4 different Bitcoin tokens to the basket.
Since this farm is the newest it does have the highest APY currently offered at over 320% APY! This farm just requires you to deposit your tBTC token that you receive from Curve, you do not have to pair it with anything. The yield is only a little over 4% APY the majority of the APY 322% is in FARM which does require you to stake these rewards and not iFARM which most of the new pools yield and is already set to auto-compound.
I am holding out hope that after this farm the team at Harvest really starts to build out the MATIC or Polygon Chain and expand it beyond the three farms it currently has. Ethereum gas fees are just way too high to really justify trading and really using the network overall. I do not see a point in utilizing a blockchain where I can bank on spending at least 10% of my transaction on just gas alone! Until the next updates come out to continue to move to Eth 2.0 using the blockchain in my opinion is not really worth the cost associated with it. Hopefully towards the end of this year huge strides are made to lower these fees if not just move to Eth 2.0!
