Balancer, an innovative AMM that allows trustless multi-asset asset pools, has launched their Polygon instance in stealth mode. They have not officially released any details about the yield farming, but APYs are very high for the pools initially due to the small size.
If you have some spare assets on Polygon, there is some liquidity available to enter the new yield farms.
Be advised to avoid HUGE slippage by having an equal weight of each asset in the pool before you deposit. E.g. If I were to enter the top pool with just WMATIC, I would need to purchase 33% USDC, WETH, and BAL to create the equal weights required. The limited liquidity would mean I’d end up with 15% less WMATIC than if I were to use Balancer’s exchange and buy each asset individually with WMATIC.
Rewards are distributed in $BAL tokens, an undervalued asset that has been experiencing heavy sell pressure due to it’s incentivized pools on Ethereum. I’ve previously written about Balancer here and believe it will be a sustainable Decentralized Exchange.