Lately i have been going through Harvest Finance trying to see the other yield staking options being offered there and the APY's they have. The staking options being offered are lucrative. I chose 2 which i want to share with you but first lets see the meaning of APY.
What is APY?
It is the Annual Percentage Yield which reflect the amount of interest on money you invested over a period of 1 year. It takes into account compounding whereby the amount of interest earned is added to the principal amount.
UNIV3
On this you deposit your DAI and WETH and when you do so you get fUniV3_DAI_ETH which is an interest bearing token and its then staked.When you stake it the 60.96% you get are in iFarms which is also an interest bearing token of FARM and 2/3rds of that iFarm are vested for 6months and you will also earn trading fees on Uniswap v3.
After the yield has been harvested you then claim your rewards in iFarm.You can also choose to stake your earned rewards
Wrapped Ethereum
WETH means Wrapped Ethereum and we take this WETH and stake it on Harvest Finance . From the image below we can see there is an APY of 4.22% and on that APY 3.89% will be FARM rewards and then 0.33% will be auto harvested to COMP.
So your WETH will be deposited into the farming pools and you will get fWETH which is the bearing token.
Conclusion
These options will both get you FARM and iFarm tokens, as we know Farm has higher chances of having a huge value in a few years to come its wise to get more of it through staking and getting yields.
