👨🌾 Yield Farmers' Almanac
Yield farming has emerged as a massive new trend in DeFi but is hard to understand, follow along, and find the best opportunities, given the rapid pace of innovation and experiments.
The Yield Farmers' Almanac is a community-sourced reference for yield farming information, meant to be clear and accessible to all.
🔥 Hot Protocols 🔥
| Protocol (Token) | Description | Rewards | How to access |
|---|---|---|---|
| Compound $COMP | Lending protocol where anyone can deposit or borrow tokens at rates (APR) set by the market. | ~2,880 COMP are distributed daily to borrowers and lenders (50/50) of the protocol, allocated to each market based on these proportions. | Compound dapp |
| Balancer $BAL | Dex and automated market-maker project) that allows anyone to create or add liquidity to customizable token portfolios and earn trading fees. When tokens are exchanged, a centralized router makes sure all trades get the best price across pools and passes the fees to the liquidity providers. | ~145k BAL are distributed every week on Tuesday evenings with offchain rules so the team can iterate quickly. More info can be found here. | Balancer dapp, Zapper Pools |
| Curve $CRV | Dex and automated market-maker project designed to be efficient and cheap for swapping stablecoins with low slippage. Liquiditiy pool tokens are also deposited into lending protocols like Compound to earn additinal fees and rewards. | ~766k CRV are minted per day and distributed to liquidity providers on top of trading fees. | Curve dapp |
| Synthetix $SNX | Derivatives protocol for creating on-chain synthetic assets that track the value of real-world assets, including fiat currencies, commodities (e.g., gold), and cryptoassets. Stocks, indices, and other derivatives are planned. | Rewards are being distributed to the Curve sUSD pool and iETH+iBTC markets on Synthetix. | Mintr dapp |
| yearn.finance $YFI | Lending protocol aggregator that utilizes Aave, Compound, Dydx, and Fulcrum to optimize and rebalance your token lending. Uses Curve as an AMM (Automated Market Maker) for liquidity. | $YFI rewards are distributed to the Curve yUSD pool as well as by staking to make governance decisions to earn extra. | yearn dapp |
🍠 Other Farming Opportunities 🌽
| Protocol (Token) | Description | Rewards | How to access |
|---|---|---|---|
| Yam $YAM | A radical DeFi experiment | Rewards were issued over mulitple Uniswap pools as well as a YAM/yCRV Uniswap pool. | Deprecated, v2 in progress |
| mStable $MTA | Stablecoin, lending, and dex protocol meant to provide an alternative stablecoin ($mUSD) that includes aggregates existing same-peg assets, provide yield, and insure against capital loss. | Currently providing rewards on $mUSD & $MTA Balancer pools as well as Uniswap. | Balancer |
| Ren Protocol $REN | Decentralized cross-chain swap protocol allowing anyone to move assets across different blockchain networks. Currently supports renBTC, renBCH, and renZEC tokens on Ethereum. | $REN rewards can be farmed in the Curve sBTC pool. More details here. | Curve sBTC pool |
| UMA $UMA | Derivatives protocol for creating on-chain synthetic assets. | Currently providing rewards on the yUSD-USDC pool on Balancer. | Balancer |
| Aave $LEND | Lending protocol that allows multi-token markets, stable borrowing rates, flash loans, and delegated credit. | TBD | Announced |
| Set Protocol $SET | Portfolio management protocols to create, manage, and trade baskets of tokens with customizable allocations. The portfolios rebalance and optimize based on a coded strategy. | TBD | Announced |
| based.money $BASED | A DeFi game of chicken. The $BASED token combines a simplified version of Ampleforth’s economic policy with YFI’s distribution mechanism. The result is a post-modern economic game that continually resets. The barrier of entry is fair and balanced for all participants | TBD | Staking App |
📚 Resources
- YieldFarming.info for information and access on many different pools
- DeFi Rate for a great overview of different opportunities
- CoinGecko DeFi Coins for a list of the top DeFi coins to farm
📝 Contributing
Pull requests are welcomed and encouraged. Please aim for honesty and objectivity, so the DeFi community has reliable information they can depend on. Spammy and shilly activities won't be tolerated or merged.
Some contribution opportunities:
- Add new yield farming opportunities
- Fill out the protocol pages under the
/protocolsfolder - Translate the summaries to other languages
- Add return ranges for different pools
If you would like to be a moderator (and get rewarded in tokens), please contribute some great content, and your permissions will be updated.