Farms of the Week 12/18
Yield opportunities for the Humble Farmers...
GM Humble Farmers!
It's a new week, and you know what that means...
Time to take advantage of the various opportunities in DeFi with our Humble Farms of the Week.
Our first farm of the week is Manta, a newer generation Layer 2 with a Blast-like incentive campaign.
Users can bridge and lock their tokens for 69 days, and in return receive lucrative yields and $MANTA tokens.
5% of the MANTA token supply will go towards depositors, and with roughly $50M in TVL compared to Blast's $800M+, seems heavily underfarmed.
On top of this, you'll receive a LST on the Manta L2 which you'll be able to use for various DeFi activities.
Our next farm for this week is Seamless, an Aave V3 fork recently launched on Base.
Seamless has started to pick up significant traction after being listed on Coinbase, with TVL spiking to over $80M within a few days.
Lending/borrowing market yields are currently boosted with token emissions, and depositors are currently earning extremely lucrative yields.
Most of these markets are usually at full capacity, so it could be a good idea to keep an eye out for when they open up.
3. Mux Protocol
Our next farm of the week is Mux Protocol, which continues to be one of the most lucrative places to earn a real yield.
With the ARB STIP incentives for trader rebates, MUX volume has been soaring which has led to extremely high yields for LPs.
When purchasing MUXLP, you're buying into a yield-bearing index of blue-chip tokens such as...
• 50% Stables
• 28% ETH
• 13% BTC
• 9% Alts
Plus you're currently earning a whopping 61% APR paid in ETH and MUX tokens.
4. Pendle
Our next farm of the week is Pendle, a yield trading protocol that has consistently been one of our favorite places to farm yields.
It's not just our favorite place though, as TVL continues to skyrocket to new highs and hints of a V3 upgrade.
ARB incentives are still live on Pendle, and there are plenty of lucrative yields to farm.
Some of our favorites include...
• aUSDC @ 46% APR
• gDAI @ 26% APR
• GLP @ 38% APR
• crvUSD @ 26% APR
5. Trader Joe
Our next farm on the list is Trader Joe, a hyper-efficient AMM based upon the Liquidity Book protocol.
Trader Joe metrics have been performing extremely well with the ARB STIP incentives as well as Avalanche's recent revival.
While there are plenty to choose from, here are some of our favorite pairs to farm.
• ETH/USDC @ 48% APR
• ARB/ETH @ 118% APR
• JOE/ETH @ 220% APR
• USDV/USDC @ 61% APR
Conclusion
If you enjoyed and want to see more content like this, feel free to check out the Humble Farmer Army premium discord here.
You’ll get access to:
Weekly Premium Content
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DeFi Yield Strategies
Degen Farms & New Launches
DeFi Education & Analysis
And Real-Time DeFi Alerts
Humble Farmers Rejoice!