Being a “Farmer Chad” is great. It’s the greatest status a DeFi degen can achieve and is something we should all aspire for.
Especially in today’s day and age, it’s easier than ever to be crowned a Farmer Chad with Harvest Finance – the largest yield-farming aggregator in DeFi with the most strategies and highest yields.
With Harvest Finance anyone can become a Farmer Chad. But let’s not forget, Farmer Chad wouldn't be a Chad if it wasn't for his DeFi friends that allow him to farm precious assets. Without his friends, he’s just a farmer.
Let's examine who these friends are and what they allow for:
Curve (CRV)
Curve is an Automated Market Maker (AMM) decentralized exchange (DEX) platform on Ethereum designed for extremely efficient stablecoin and synthetic Bitcoin swaps.
The platform is geared towards arbitrage traders because they can trade extremely quickly and efficiently with low slippage. As for Curve liquidity providers (LPs), they earn trading fees on these arbitrage opportunities while enjoying little-to-no impermanent loss.
Farming Strategies:
- CRV:REN:WBTC - 2.0% APY
- CRV:HUSD - 26.4% APY
- YCRV - 21.8% APY
- 3CRV - 17.5% APY
- CRV:COMP - 27.9% APY
- CRV:BUSD - 39.5% APY
- CRV:USDN - 82.7% APY
- CRV:TBTC - 2.9% APY
- CRV:HBTC - 15.3% APY
- CRV:OBTC - 30.5% APY
- CRV:EURS - 59.7% APY
- CRV:UST - 59.7% APY
- CRV:STETH - 23.0% APY
- CRV:GUSD - 31.9% APY
- CRV:AAVE - 27.4% APY
Compound Finance (COMP)
Compound is a decentralized, non-custodial, overcollateralized cryptocurrency lending platform that pools the assets of lenders into lending pools from which borrowers can take and pay interest to lenders, all without the necessity of a middleman.
When a user deposits tokens to a Compound pool, they receive interest-bearing cTokens in return, which also represent their stake in a pool. These cTokens can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time, plus the interest earned.
Farming Strategies:
- WETH - 10.53% APY
- WBTC - 10.28% APY
- USDC - 47.14% APY
- USDT - 25.30% APY
- DAI - 36.12% APY
- CRV:COMP - 27.9% APY
1inch Exchange (1INCH)
1inch is a DEX aggregator platform that rolls liquidity from all major Ethereum-based DEXes into the 1INCH Exchange, making it easy for users to get the best price and lowest slippage for their desired trade.
The 1inch Exchange platform has its own governance/utility token called $1INCH that provides liquidity mining rewards, community incentives, and governance over the protocol.
Farming Strategies:
- ETH:DAI - 68.70% APY
- ETH:USDC - 72.83% APY
- ETH:USDT - 74.74% APY
- ETH:WBTC - 25.38% APY
Sushiswap (SUSHI)
Sushiswap is an AMM-based DEX protocol that enables users to seamlessly swap tokens for one another and provide liquidity to earn swap fees and token rewards.
Sushiswap uses an AMM model where anyone can provide liquidity to a market (ie. Liquidity pool) on SushiSwap to earn a portion of the pool’s swap fees in proportion to the amount of liquidity they provide.
Farming Strategies:
- SUSHI:ETH - 126.58% APY
- ETH:DAI - 41.63% APY
- ETH:USDC - 45.81% APY
- ETH:USDT - 40.31% APY
- ETH:WBTC - 18.26% APY
Synthetix (SNX)
Synthetix is a derivatives liquidity protocol that enables users to issue and trade synthetic assets (Synths) on its platform. Synths are ERC-20 token representations of crypto assets, stocks, fiat currencies, precious metals, and other forms of assets.
Synths on Synthetix are backed (collateralized) by the protocol’s native cryptocurrency $SNX. Users stake $SNX to be used as collateral and are rewarded with a portion of the platform’s trading fees for doing so.
Farming Strategies:
- CRV:EURS - 44.98% APY
Index Coop (INDEX)
Index Coop is a global community that creates and maintains the world’s best crypto index products on Ethereum. Its products are built on Set Protocol's V2 infrastructure and are always fully collateralized.
Index Coop currently offers 1 index product, the DeFi Pulse Index – a capitalization-weighted index that tracks the performance of DeFi assets across the market.
Farming Strategies:
- ETH:DPI - 32.20% APY
Mirror Protocol (MIR)
Mirror Protocol allows the creation and trading of synthetic assets (mAssets) that track the price of real-world assets. Mirror’s mAssets can be any type of asset including equities, commodities, crypto assets, ETF’s, indices, or others.
Mirror brings real-world assets to the blockchain with its mAssets, which are fully collateralized and minted by creating a collateralized debt position (CDP) with either TerraUSD (UST) or other mAsset tokens as collateral.
Farming Strategies:
- AAPL:UST - 218.65% APY
- MAMZN:UST - 271.11% APY
- MGOOGL:UST - 256.57% APY
- MTSLA:UST - 233.95% APY
Terra (LUNA)
Terra is a blockchain protocol powering stable programmable money and payments for the internet and a digital economy.
The backbone of Terra is its native cryptocurrency, $LUNA which algorithmically expands and contracts the supply of decentralized Terra Stablecoins (TerraSDRs) to incentivize arbitrage and maintain their fiat-pegs.
Farming Strategies:
- AAPL:UST - 218.65% APY
- MAMZN:UST - 271.11% APY
- MGOOGL:UST - 256.57% APY
- MTSLA:UST - 233.95% APY
Lido (LDO)
Lido is an Ethereum liquid staking solution that enables users to stake $ETH and receive liquid stETH with daily rewards. There is no minimum for staking and stETH tokens are fully liquid, so you can trade, sell, exchange, invest in DeFi projects, etc.
stETH tokens are supported by a wide variety of DeFi projects as collateral for lending services, yield farming, and more. All in all, it’s a more flexible way to stake your $ETH in ETH 2.0.
Farming Strategies:
- CRV:STETH - 36.29% APY
Idle (IDLE)
Idle is a decentralized rebalancing protocol that allows you to automatically and algorithmically manage your digital asset allocation among different DeFi protocols. Idle users can choose from two strategies: 1) Best-Yield strategy to maximize your interest rate returns or 2) Risk-Adjusted to minimize risk exposure through a risk-adjusted allocation strategy.
Farming Strategies:
- USDC - 47.14% APY
- USDT - 25.30% APY
- TUSD - 17.40% APY
- DAI - 36.12% APY
- WBTC - 10.28% APY
Boring DAO (BOR)
Boring Dao is a decentralized bridge that connects all blockchain assets via the minting of ERC-20 representations of said assets called “oTokens” and maintains decentralized custody of these assets.
With that, Boring DAO aims to help DeFi expand its compatibility by enabling non-Ethereum assets (ie. BTC, XRP, BCH, BSV, LTC, ADA, EOS) to participate in the broader DeFi world on Ethereum.
Farming Strategies:
- CRV:OBTC - 20.96% APY
Basis Share (BAS)
Basis Share is the cryptocurrency that loosely represents the value of Basis Cash – a decentralized algorithmic stablecoin that aims to become prominent in the DeFi space. The Basis Cash protocol is designed to expand and contract supply without any rebases or collateral risk.
As demand for Basis Cash increases, newly minted Basis Cash tokens are distributed to Basis Share (BAS) holders.
Farming Strategies:
- BAS:DAI - 306.60% APY
- DAI:BAS - 675.71% APY
Mithril Share (MIS)
Mithril Share is an algorithmic stablecoin forked from the Basis Cash protocol. The Mithril Cash protocol programmatically controls the money supply via smart contracts so that the behavior of the system can be predictable.
Mithril Shares loosely represent the value of the Mithril Cash network. As demand for Mithril Cash increases, newly minted Mithril Cash tokens are distributed to Mithril Share (MIS) holders.
Farming Strategies:
- MIC:USDT - 255.56% APY
- MIS:USDT - 323.53% APY
Basis Gold Share (BSGS)
Basis Gold Share is a protocol based on the work of Basis Cash. But instead of issuing an elastic stablecoin, it issues an algorithmic synthetic gold asset with the supply controlled and stabilized by the protocol.
Basis Gold Share (BSGS) holders receive BSG during supply expansions when the price is above the target.
Farming Strategies:
- DAI:BSG - 41070.15% APY
- DAI:BSGS - 7571.82% APY
