New farms and future airdrops are blowing up across Ethereum’s DeFi landscape.
Here are the latest on my list, as well as some additional to keep an eye on.
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Active:
Alchemix - APY’s have consistently been >300% for these pools and the Alchemix project appears to be heading for Unicorn status. I am in the ALCX pool because I am not risking the impermanent loss/gain and want to hold as many ALCX tokens as possible.
Wasabix.finance - An Alchemix fork if you missed the boat. They claim to be cross-chain (BSC and Fantom + Ethereum), but the liquidity mining is all on Ethereum for now. This has very high APY, they have just raised the waUSD ceiling, and have a multisig wallet to prevent any move of funds. The pool 2 (WASABI-ETH) has a significant risk of impermanent loss so proceed with caution.
ForceDAO - Airdrop expected based on a snapshot from 3/31/21. The airdrop will be provided to wallets that deposit a minimum of $1,000, however, there are are an additional allocation (2% of supply) based on the amount you deposit. The more you deposit, the bigger your airdrop. HMU in the Discord for an invitation code
Unslashed Finance - The liquidity mining will continue for this pre-launch DeFi insurance protocol. Pool 1 (ETH deposit) can earn USF tokens, or Pool 2 (ETH-USF) can be accessed by buying USF with ETH and providing liquidity on Uniswap. Yields are quite high and the project appears promising. Pool 1 requires an invitation, so HMU in the Discord.
ShardingDAO - This is a new marketplace that allows investors to purchase a ‘shard,’ or piece of a digital art collection. These shards will be backed by cryptocurrencies, and the liquidity will help justify using a shard as an asset in DeFi (e.g. tradeable, collateral). Liquidity mining is open for invite only: Invitation code in Discord
Algorithmic Stablecoins:
Float Protocol - Governance has decided to allocate all future BANK rewards to the BANK-ETH Pool (Pool 2). Proceed with caution unless you’re a big believer in this algo stablecoin
Upcoming:
Babylon Finance - The latest Medium post introduces the plans for mining BABL. I will be providing updates closer to launch.
Fei Protocol - Fei is running a beta on the Rinkeby testnet to allow potential investors a trial experience of the upcoming launch, planned for 3/31. This is a hot algorithmic stablecoin project that raised $19m from big crypto venture investors like Framework and Coinbase.