Introduction to Farming

In the crypto world, “farming” is the process of using cryptocurrencies to generate additional digital assets. Users, who are referred to as "farmers," lock or deposit their cryptocurrencies into special smart contracts or platforms that utilize these assets for various financial operations such as lending, borrowing, or liquidity pools. In exchange for providing their assets, these farmers then receive rewards, often in the form of additional cryptocurrencies.

How We Select Our Farms

When evaluating potential farms, we focus on three key aspects:

• Security: We prioritize farms with the highest security standards and a reliable track record, including resistance to security threats and smart contract vulnerabilities
• Resilience to Impermanent Loss: We select platforms that effectively minimize the risk of impermanent loss and ensure portfolio stability
• Future Growth Potential: We target farms with strong potential for future growth, an innovative approach, and the ability to adapt to the evolving cryptocurrency market

We also categorize deposit amounts based on risk, and separate these farms into risk levels as follows:

• Risk level 1-3: 10,000 USD
• Risk level 4-6: 5,000 USD
• Risk level 7: 3,000 USD
• Risk level 8 : 2,000 USD
• Risk level 9: 1,000 USD
• Risk level 10: 500 USD

What can I find out by reading this article?

In this report, we'll discuss the success of our top farms since the launch of our farming alerts on Discord, which we've shared with our premium users. You'll learn how the protocol has performed over the past month and what new developments have occurred. We'll also go over our rewards and how they have been managed. So, make yourself comfortable, and let's get started.

Trader Joe

Trader Joe is a fork of Uniswap that offers a wide range of services, including token swaps, yield farming, and lending. Its key features include an innovative Automated Market Maker (AMM) utilizing their Liquidity Book, which is designed to increase capital efficiency for liquidity providers. Additionally, it is integrated with Layer Zero, and the JOE token serves as an omnichain token. The platform operates on several blockchain networks, including Avalanche, Arbitrum, BNB Chain, and Ethereum. Trader Joe also distinguishes itself with a unique NFT marketplace called Joepegs.

Farms

On Trader Joe, we have multiple farms available for you to explore in the premium section of our Discord. Here, we have carefully selected the most profitable:

• AVAX/USDC (Avalanche)

Risk level - 6

In return for providing liquidity, we earned +34.5% over 155 days from the traders' fees on the platform, which were automatically added to our LP position.

The LP value has increased by +40% since our entry.

• JOE/ETH (Arbitrum)

Risk level - 6

In return for providing liquidity, we earned +22.6% in 155 days from the trading fees on the platform, which were automatically added to our LP position; and 1048.1 JOE tokens as pool rewards.

The LP value has increased by +10% since our entry.

• BTC.b/USDC (Avalanche)

Risk level - 6

In return for providing liquidity, we earned +22.9% in 155 days from the trading fees on the platform, which were automatically added to our LP position

The LP value has increased by +30% since our entry.

News from the Joe World

As Trader Joe expands its presence to the Arbitrum blockchain, a new three-month campaign is gearing up from November to January 2024. A total of 1.51 million ARB tokens will be distributed across three phases, with each phase representing one month:

• Phase 1: November (33%)
• Phase 2: December (33%)
• Phase 3: January (33%)

The rewards will be allocated across the following areas:

• MM Rewards: Native Tokens (50%)
• Auto-Pool Yield Farms (24%)
• MM Rewards: Multi-Chain Tokens (16%)
• MM Rewards: New-To-Arbitrum Tokens (10%)

Future way

Over the past month, liquidity has been gradually returning to the crypto market, and Trader Joe is no exception to this trend.

Over the past month, the collected fees on Trader Joe have increased by approximately 15.8 times, going from 39,000 to 615,000 USD.

The JOE token has also seen a significant increase in value, rising by 84% over the past month.

Overall, in 155 days on Trader Joe, we acquired 1048.1 JOE tokens, which we sold progressively. Our earnings were thus 283.14 USD. All other rewards were directly added to our LP. Thanks to this and the growth in asset prices, our LPs have seen an average increase of +30%. This platform has significant potential for the future, as seen by the rise in its usage whenever there is positive market sentiment. Another important aspect is the large community base backing the project.

QuickSwap

QuickSwap DEX operates on the second layer of Ethereum and is built on the Polygon blockchain. It is also available on Manta and Dogechain. QuickSwap is a fork of Uniswap and is one of the top competitors in the world of decentralized exchanges (DEXs) on the Polygon network. It leverages liquidity pools, where users lock their cryptocurrencies into the platform's smart contracts, enabling others to utilize these locked assets. Liquidity providers receive a portion of the transaction fees, proportionate to their share in the pool.

Farm

• ETH/wMAtic (Polygon)

Risk level - 6

In return for providing liquidity, we earned +11.6 % in 142 days from the trading fees of traders on the platform, which were automatically added to our LP position, and 1,408.9 QUICK tokens as pool rewards.

The LP value has increased by 30% since our entry.

News from the Quick

QuickSwap on Manta Network:

QuickSwap was launched on Manta Network on November 6th.

There has been significant growth in Total Value Locked (TVL) on the Manta blockchain. In just 10 days, it surged to 9.2 million USD, representing over 50% of the overall TVL on Manta, which currently stands at 17.5 million USD.

This allows users on QuickSwap, when operating on Manta, to potentially earn points towards a future airdrop. There may also be additional future incentives and opportunities within the Manta Network.

QuickSwap x AstarNetwork:

QuickSwap has successfully launched on the Astar zkEVM testnet.

Future Way

The QuickSwap team is highly active, and their expansion into various blockchain ecosystems will represent a significant competitive advantage in the future.

The collected fees on the protocol have quadrupled in the past month, going from 16,000 to 66,000, with some days even surpassing 100,000 USD. This is good news because QuickSwap redistributes a portion of these fees to liquidity providers.

The price of the QUICK token has also risen, which may be in response to November’s news regarding QuickSwap's future expansion into other blockchains.

Overall, over the course of 142 days on QuickSwap, we accumulated 1,408.9 QUICK tokens. We've been selling these tokens for USDC periodically, resulting in earnings of 64.59 USDC. Additional rewards came in the form of fees, which were automatically reinvested into our LP. Thanks to the rise in prices, our LP has increased by +30% since our initial deposit.

Kujira

The Kujira blockchain aims to revolutionize the DeFi landscape by creating dApps that are accessible to the everyday user. Its primary goal is to bridge the gap between exchanges, staking, and ICOs, providing equal opportunities for small investors and "whales." Kujira develops applications that are both efficient and user-friendly, catering to a wide range of users, from crypto newcomers to experienced retail investors. It has seven main applications: BLUE, BOW, FIN, Pilot, Ghost, Finder, and Orca, each of which offers unique features.

Farm

• Kuji/ATOM

Risk level - 6

In return for providing liquidity, we earned +5.76 % in 114 days from the trading fees on the platform, which were automatically added to our LP position; and 86.13 KUJI tokens as pool rewards.

The LP's value has doubled, increasing by 100% since our entry.

News from Kujira

Kujira x Nomic

In collaboration with Nomic, Kujira has launched a direct bridge between the Bitcoin blockchain and the Kujira blockchain. This allows for the seamless movement of BTC between the Cosmos ecosystem and the Bitcoin ecosystem.

The Future

Kujira has experienced an incredible influx of liquidity over the last 2 months. In October, the TVL (Total Value Locked) doubled from 20 million to 40 million, and during November, it reached 95 million.

Trading volumes on Kujira have also witnessed a remarkable increase over the past month, surging from 900,000 to 8 million USD. This growth could potentially be attributed to the launch of the Nomic bridge.

The KUJI token's price has also seen significant gains, rising from 0.95 USD to 4.22 USD within a month. This could be due to the fact that on November 9th 2023, the vesting period concluded, and all tokens have now been allocated, with no new tokens to be added to circulation.

Overall, in 114 days on Kujira, we acquired 86.13 KUJI tokens. We are depositing these tokens with a validator and holding onto them. Our other rewards have been in the form of fees, which were automatically added to our LP. Thanks to the increase in prices, our LP has grown by +100% since our initial investment.

KyberSwap

KyberSwap is an innovative decentralized finance (DeFi) platform built on the principle of open access and functioning as a multichain aggregator and DeFi hub. It enables users to trade easily, securely, and without intermediaries. KyberSwap is fast, secure, and user-friendly, promoting financial autonomy for its users. The development of KyberSwap is governed by the community platform KyberDAO, which empowers KNC (Kyber Network Crystal) token holders to propose changes to the protocol and vote on various matters affecting its operation.

Farm

• ETH/ARB (Arbitrum)

Risk level – 6

In return for providing liquidity, we earned +82% in 44 days from trading fees on the platform, which were automatically added to our LP position. Another reward came in the form of farm rewards, for which we received 165 KNC and 23.5 ARB.

The overall LP value is up +30% on our entry.

News from the KyberSwap word

KyberSwap x Arbitrum STIP

Kyber has received grants from the Arbitrum blockchain, which it plans to use to enhance rewards in its farms.

The Future

KyberSwap boasts over 100 projects built on its platform, and since its inception, it has facilitated transactions worth over 20 billion USD for thousands of traders and liquidity providers. Furthermore, KyberSwap is actively developing KyberAI, which will provide users with data for trades and enable AI-powered trading insights for over 4,000 tokens across seven blockchains.

KyberSwap has significantly increased its collected fees over the past month, rising by 4.8 times from 9,000 to 43,000 USD. This demonstrates a growing interest among traders in utilizing the platform for their transactions.

The KNC token has been experiencing slower growth over the past month, but it is evident that as the platform usage increases, the token will also experience positive movement. While it may still have a way to go to reach its all-time high of 5 USD, the Kyber team continues to work diligently to develop their platform.

In total, we have spent 44 days on KyberSwap, during which we received 51.3 ARB tokens and acquired 0.254 ETH from KNC rewards.

Aerodrome

Aerodrome is a DEX built on Layer 2 for Ethereum, specifically on the Base blockchain platform. Its goal is to provide a user-friendly environment that utilizes fast, cost-effective transaction infrastructure offered by the Base blockchain. Developed by Velodrome Finance, this platform focuses on aggregating liquidity for Base and combines a robust liquidity incentive mechanism with a governance model based on locked voting and an easy-to-use interface.

Farm

• MAI/USDbC (BASE)

Risk level – 3

In return for providing liquidity, we earned 11,943 AERO tokens in 69 days.

The LP value remains the same as when we entered, as it is a stablecoin pool.

News from the Aerodrome

Slipstream Audit

Slipstream, a new addition to the Aerodrome ecosystem, introduces an innovative solution for efficient capital and liquidity management. It will soon undergo an audit and will then be implemented on Aerodrome in the coming months. This system will enhance capital efficiency, liquidity management, and optimize fee distribution. Slipstream will expand the current offering of sAMM and vAMM pools on Aerodrome, providing diverse liquidity solutions for different market conditions and pool types. It will support both manual and automated liquidity position management, making it accessible to users of all types.

The Future

Aerodrome, which comes from the same creators as Velodrome on the Optimism blockchain, has achieved great success by becoming the largest DEX on that platform. Now, they have replicated this success on Base as well. With an experienced team that has a track record of success in the industry, the future development of Aerodrome is in good hands, and users can expect quality and innovation over the course of the platform's evolution.

Aerodrome has maintained its position as the top DEX on the Base blockchain after a strong start, and the TVL appears to be relatively stable. This stability could indeed be seen as a "safe haven" for users looking for a secure and reliable platform on which to trade and provide liquidity.

The price of the AERO token, as a reward token, has remained relatively stable compared with others during this time. Furthermore, AERO seems to have a well-managed tokenomics and veTokenomics module.

In total, over the course of 69 days in this protocol, we have received 11,943 AERO as rewards, and we have been continuously selling them for ETH, resulting in a profit of 0.207 ETH.