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How, Why, & Where I’m Earning Over 400% APR Farming Liquidity
Accumulating high-quality assets can be a way to multiply gains when the altcoin market takes off. Here is one pair I’m earning high yields in assets I want to acquire.
The crypto market is bubbling up. Ethereum completed the Shapella update and surpassed $2000. And Bitcoin has nearly doubled since the beginning of the year. Meanwhile, the macroeconomic backdrop is more precarious. Large banks crushed their earnings while small banks are on government assistance. Fears of dollar dominance dwindling are floating around, and Bitcoin is the most Googled word on the internet.
Most of us in DeFi are patiently waiting for altcoins to rise from the ashes and take advantage of this new liquidity entering the crypto market. And while certain tokens have popped, the overall altcoin market hasn’t been doing anything earth-shattering…yet. I won’t try to predict when the fireworks will go off, but I want to be well-positioned in the right projects if and when this liquidity moves down the food chain.
While we wait for the altcoin markets to decide their direction firmly, I focus on accumulating more tokens in these projects. An easy way to do this is by farming liquidity. If I can provide…
