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web3Gurung
@web3gurung
Here's a 101 on STRKFarm 🐺 STRKFarm is @Starknet's yield powerhouse! Which means it generates passive income (aka yield) through its various strategies. Let's break it down: 🧵
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web3Gurung
@web3gurung
Making it a lil more easier to understand: STRKFarm takes your tokens, puts it into a *strategy and get you some positive return on your tokens. *strategy = smart contracts which do some actions in a time interval
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web3Gurung
@web3gurung
In the web2 world, it's like fixed deposits in a bank, but the interest rate (aka yield) is more volatile, since crypto tokens are volatile in nature.
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web3Gurung
@web3gurung
STRKFarm has 2 products to showcase: 1. Yield Farming Strategies 🌾 2. Liquidity Pools information with $STRK APYs Let's first cover the Yield Farming Strategies! 👇
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web3Gurung
@web3gurung
1. The strategy is "auto compounding". It is available for $STRK and $USDC. It involves depositing the tokens to receive $STRK rewards from the Defi Spring Program via zkLend. The rewards are then reinvested into the strategy.
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web3Gurung
@web3gurung
2. Discover yields on Liquidity Pools which are a part of @Starknet's DeFi Spring Program. It gives info on: • The LP/lending pool in dapps • The $STRK APY associated with the pool • TVL of the respective pools - value in $ already present in the pool.
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web3Gurung
@web3gurung
All major dapps are featured on the dashboard: Haiko, JediSwap, mySwap, SithSwap, Nostra Finance, zkLend, Hashstack, Ekubo, StarkDefi, Nimbora and 10k Swap. You can also apply filters for: - dapps - category: stable / STRK pools - protocol type: AMMs/lending pools
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