Farms of the Week 11/13
Yield opportunities for the Humble Farmers...
GM Humble Farmers!
ARB STIP season is in full swing, and there are plenty of yields to take advantage of...
Here's your full guide to farming the Arbitrum ecosystem.
1. Pendle
First up for the week is Pendle, which continues to be one of our favorite places to find yields for our tokens.
With ARB incentives on Pendle recently going live, there are some extremely lucrative yields to take advantage of.
While there are plenty of pools on Pendle to farm across multiple chains, we'll be focusing on Arbitrum today.
We've got our eyes on...
• GRAIL/ARB @ 170% APR
• HLP @ 56% APR
• MUXLP @ 48% APR
• GLP @ 41% APR
2. Camelot
Our next farm for STIP season is Camelot, the premier DEX of the Arbitrum ecosystem.
They've been approved for a 3M ARB grant which will be distributed over the course of a few months, and these incentives should go live shortly.
While there are many to choose from, some of our favorite pools include...
• ARB/USDC @ 180% APR
• ETH/USDT @ 168% APR
• stEUR/USDC @ 31% APR
And just imagine when ARB incentives are finally released...
3. Stella
Our next farm for the week is Stella, an Arbitrum-based leveraged yield farming protocol.
Users can either lend their tokens for double-digit APRs, or farm blue-chip pairs with up to 5-10x leverage.
Stella STIP incentives have recently gone live, and LPs are already earning some extremely high yields.
If you're farming with max leverage, you can earn...
• JOE/ETH at up to 797% APR
• ARB/ETH at up to 526% APR
• ETH/UDSC at up to 441% APR
4. Perennial
Next up is Perennial, a perpetual exchange leveraging isolated pools for each market.
With the launch of V2, Perennial was hyper-optimized to become much faster, cheaper, and more liquid.
While yields have died down from last week, vault depositors can still earn a 103% APR by providing liquidity for BTC/ETH.
Perennial is also yet to launch a token, so you're potentially qualifying for an airdrop at the same time.
5. Silo Finance
Next up is Silo, a risk-isolated lending/borrowing market on Ethereum and Arbitrum.
Users can securely lend and borrow long-tail assets, while the protocol can completely avoid bad debt due to its isolated "silo" infrastructure.
Silo has used their ARB STIP grant to incentivize lending/borrowing markets for various assets.
Users can lend, borrow, and loop for up to 30-50% APR using USDC, ETH, and various other Arbitrum native alts.
6. Trader Joe
Our next farm is Trader Joe, a hyper-efficient AMM on Avalanche, Arbitrum, and BNB.
By leveraging the power of the liquidity book, liquidity providers can maximize the efficiency of their LP tokens.
As you can probably guess, Trader Joe qualified for an ARB STIP grant as well, and yields are sky-high.
Some of our favorite pairs include...
• PENDLE/ETH @ 183% APR
• GMX/ETH @ 179% APR
• ETH/USDC @ 76% APR
• swETH/ETH @ 38% APR
Next up is Angle, a stablecoin protocol focused on building an on-chain ecosystem around the Euro.
Similar to treasury-bill-backed tokens like sDAI, stEUR allows users to gain access to the risk-free rate while holding the Euro.
Angle's STIP incentives are being used to incentivize liquidity for stEUR on Camelot, which allows LPs to farm incentives while earning the risk-free rate on the Euro.
We're looking at...
• stEUR/USDC @ 31% APR
• ARB/stEUR @ 65% APR
• stEUR/wstETH @ 58% APR
8. GMX
Our last farm for the week is GMX, the leading perps exchange on Arbitrum.
With GMX being the poster child of the Arbitrum ecosystem, they managed to pick up a massive STIP ARB grant which is being used to incentivize liquidity on the V2 pools.
Due to incentives having just gone live, the GM pools have some extremely lucrative yields to take advantage of.
We're looking at...
• ARB/USDC @ 45% APR
• UNI/USDC @ 56% APR
• LINK/USD @ 53% APR
• SOL/USD @ 59% APR
Conclusion
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