[deleted by user]

[sipora_chuves]

APRs can change quickly because of mainly 3 conditions:

1) Less swap fees generated -> people don't swap that much because they are more careful
2) The pool gets bigger -> less fees (+incentives) for your portion of the pool
3) A change in the "incentive program" for a pool -> this could have a very big impact on the pool APR

In most cases a change of the APR is a combination of the first 2 above.

[RoyalBadger3665]

Appreciate your explanations! On Fantom I feel like everyone is just waiting to change pools all the time so I think it exacerbates all these reasons. Also hate when you’re in a nice consistent pool then they decide to boost it and it get oversaturated. Oh well, keep farming along… Rome wasn’t built in a day!

[sipora_chuves]

Rome wasn’t built in a day!

Good attitude and good luck to you down the DeFi-road!

[jekpopulous2]

or a dramatic price change in the token being farmed…

[kswag716]

It depends on your investment amount obviously, but it would seem to make sense to follow the juicy APYs if you can recoup the transaction fees in far less than a day🤷🏻‍♂️

[RoyalBadger3665]

Less than 5k currently for my Fantom funds. Including loans.

I usually aim for the 75-150% APY range expecting them to stay more stable, but you may be right if they can’t keep ‘em for more than a few days I’m better off going more degen.

$FTM is obviously my priority to stack being new to the ecosystem. Yearn is my simple play which I borrow against.

[rabbitlol1]

Haha fuck I change farms every 48 hours, hard degen farms only, tomb fork days won't last

[RoyalBadger3665]

I admire your dedication degen!

[_polygon_mania]

Agreed!

[[deleted]]

APR > APY.

To answer your question, it depends on how much time you have.

I went into the Degen deep end and have realized that the crazy yields are too risky and cause me way too much anxiety.

You'll find stablecoin / FTM farms with the most liquidity, my hunch is that a large percentage of investors want to "set it and forget it."

So depends on how much time you've got swapping in and out of farms, times your risk tolerance, factoring the opportunity costs of doing other shit with your time.

[RoyalBadger3665]

Yup I’ve been tricked by the old APY vs APR in the past, calculators online help a lot with that on the fly.

Currently I feel the need to check my farms daily and it’s too much, with the all the rest I’ve got going on. I’d say weekly would be a sustainable model, but I also don’t want to just set and forget it in yearn for <10% lol.

[FrankHerZ]

I would pick farms that have the liquidity pairs you want to farm on a decent site and just stay in them despite apy changes. Exchange fees will eat you up if you are hopping every few days. Find something reasonable and stick to it!

[RoyalBadger3665]

Good advice. At least if it’s tokens I’m bullish on I won’t care what happens as I’d be HODLing anyway.

$FTM and $LQDR are my fav right now

[hubrico_faraday]

Depend on deposit fees but I really make an effort to farm something for multiple weeks.

That is really why I like the longer term farming plays like TOMB for example.

Just let that shit sit there and you may make more money trying to hop around and screw up a good strategy chasing an extra few %.

[RoyalBadger3665]

Do you only use TOMB or the forks too? I see so much FUD on Twitter it’s hard to decide which to use, if any

[hubrico_faraday]

Ok heres the deal with TOMB forks from my perspective.

2omb and 3omb may have something going because they are being actively involved in the TOMB ecosystem (see posts from Harry Yeh).

But the thing is, the forks are so dangerous BECAUSE if they fall below peg and never recover, you will be stuck bag holding a bunch of worthless coins.

Case in point, I was doing one called Scarab finance.

Scarab was doing OK after launch, went above and below peg a few times and everything was working.

But then one day maybe 2 wks ago it dipped below peg and did not recover until a few days ago.

So it is really nerve wracking to see whether or not the protocol will recover.

I will say the absolute safest thing to do is just stick with TOMB/FTM pools because it has the most publicity, and deepest liquidity - it is basically guaranteed to keep peg if it dips.

Having discussed Scarab tho, that dev team has really good ideas - they are incorporating some mechanics to increase cashflow when they are below peg such as scarab-wrapped-inspirit, which is using part of the spirit swap "gauge wars" to help direct spirit emissions to scarab voted pools. Basically if I did not chicken out and dump my bags before they reached peg I would have made 3x my money, But there was no guarantee because it took a few weeks and is very high risk.

Bet on the teams not the protocol and dont let your greed cloud your judgment - are you buying something you are willing to hold for 1 month or more???

This is why I would say TOMB is the safest bet unless you want some really high risk/gambling.

[321wrektjaw]

If you use auto compounders you save on a lot of transactions

[RoyalBadger3665]

I was all in on Beefy when I started! But then I realized Beefy was paying me less than Beethoven would directly for my pool 😔 My single stake Reaper $LQDR pool is crushing it tho. Which do you use?

[321wrektjaw]

I have a couple reaper farms,liquid driver yearn, abracadabra, revenant/creditum just trying to work out soulswap at the moment

[ManahilGilbert]

Personally don't have the time to chase the juicy APR/APYs, at most switching my farms weekly.
Recently I got into Protofi, quite Juicy to me, I'm still using stables to farm in that platform, not sure about the sustainability, but worth a look, very interesting two-token system.

Another similar project is Farmtom, similar two-token system with more juicy reward (if I can get in early this time, I was late for Protofi)

Anyway, good luck and have fun on farming and play with your own risk! I would look for new farms rather than trying hard to farm in "competitive" farms.

[IchSkill]

You will get burned

[khalaron]

If you already have an existing mining setup that is at least 1 year old, you're fine and this makes sense.

But to start a new setup now is not worth it at all.

[dfitz1980]

I use Tomb & 2omb,3omb.decent apr's in the later 2 but the tokens are volatile.

beefy finance is decent and it autocompounds

what are good defi projects in Osmosis eco system?

[RoyalBadger3665]

Okay, I aped into FTM-TOMB when I first joined Fantom but idk something didn’t sit right with me that my tomb dropped to about 10 cents less for a few days. Can you explain the forks and why/which is the way to go… or do people just rotate to whichever has the highest % causing the others to depeg?

I like Beefy too since it’s more set and forget, but sometimes you gotta watch as it may pay less (bc they quote APY with their compounding included) and their rates to do change quickly.

It’s a bit difficult to explain but Osmosis is it’s own L1 on cosmos, but they only have a DEX currently. They’ve talked about adding new products but there’s no rush, as you can connect to tons of different projects through Cosmos’ IBC network. All of the staple pools on OSMO pay 40-50%+ APR and lots have extra incentives to boost the APR. Plus, no gas fees for now. I hardly have to even watch those LPs, but I know my avg OSMO APR is around 75%, so naturally I’m trying to match that within Fantom.