Farms of the Week 10/19
Yield opportunities for the Humble Farmers...
GM Humble Farmers!
Yields have been dry recently, but that doesn't mean that there still aren't opportunities to be found...
Here are our Farms of the Week. None of this is financial advice. DeFi is risky and we are just sharing interesting opportunities.
Our first farm for this week is Arrakis Finance, an advanced liquidity management protocol built on Uniswap.
By leveraging their advanced and battle-tested algorithms, Arrakis can take advantage of some of the highest risk-adjusted yields in DeFi.
With the recently launched Liquid Staking Vaults, users can take advantage of the lucrative reward and fee APR on blue-chip tokens.
Vault depositors can currently earn a 36% APR in rewards on wstETH/USDC (depending on the chain), plus additional LP fees.
2. Canto
Our next farm for the week is Canto, a Cosmos-based L1 that we've been talking about over the past few weeks...
With Canto's recent expansion to RWAs and their upcoming migration to a ZK L2, price and TVL have started to pick up in anticipation of these events.
If you're bullish on Canto, it could be worth looking into the native lending market yields.
LPs can earn a boosted...
• 84% APR on CANTO/ATOM
• 88% APR on CANTO/ETH
• 96% APR on CANTO/NOTE
• 35% APR on cNOTE/USDC
Ambient and Canto also just announced the proposal for incentivized liquidity mining rewards for the upcoming USDC/cNOTE pair (cNOTE earns US treasury yields).
The proposal will go live today, and this could be worth monitoring as it could provide some pretty lucrative yields.
Next up for this week is Sommelier, a yield aggregator that focuses on earning real yield on blue-chip assets.
TVL continues to climb due to a consistent stream of new vaults that provide some of the highest risk-adjusted yields for blue chips in DeFi.
Sommelier has also just released their Turbo stETH vault, where users can deposit their stETH can earn a 24% APY paid in more stETH.
There are also lucrative yields in some of the other vaults, such as an 11% APY in the Real Yield ETH Vault.
Next up is FusionX, a project building a suite of DeFi products in the Mantle ecosystem.
We've talked about Fusion before, and their Liquidity Bootstrapping Program could be worth checking out if you are bullish on the Mantle ecosystem.
You can currently farm RFSX (which will be redeemable for FSX 7 days after TGE) on pairs like...
• USDT/USDC @ 24% APR
• WMNT/USDT @ 372% APR
• ETH/USDT @ 79% APR
• WBTC/USDT @ 89% APR
• MINU/MNT @ 150% APR
That's not even including trading fees...
5. Radpie
Our last farm of the week is Radpie, a protocol built on top of @RDNTCapital which unlocks yield for users.
Simply deposit blue chip tokens for Radpie to automatically loop and start farming lending fees and RDNT emissions.
There are some pretty lucrative yields to be found on Radpie, some of which include...
• DLP @ 58% APR
• USDT @ 13% APR
• USDC @ 14% APR
• BTC @ 8% APR
It's also worth noting that LPs and mDLP holders will also be whitelisted for the upcoming RDP token sale...
Conclusion
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Great piece! Closely watching Radiant to see how mainnet launch unfolds