Who has time to sit in front of their PC screen 24/7 to trade in Crypto? Not many. With all due respect to day traders (who are most likely night traders as well), some of us have different priorities and so our decisions with respect to Crypto choices and investments will reflect that.
Some of us have households to run and little senior dogs to take care of (cough cough, that’s me) and we simply just do not have time for anything other than breathe, sleep, eat, pray … OH, and feed the wee-little dog! I will say that an automatic yield farming platform is quite an attractive option for someone like me.
Perhaps for someone like you as well? Must love dogs. Just gonna leave it there. 🙂
New Farms Live On Harvest!
We’re excited to announce that 4 fresh farms powered by Notional Finance are now live on Harvest, Mainnet.
The following farms: nDAI, nETH, nUSDC & nWBTC are now available to all farmers.
Each farm auto-harvests $NOTE tokens, which superchargers the yield earned by liquidity providers at Notional. Under the hood, harvested $NOTE is being sold on the market for more underlying, e.g. $USDC or $WBTC.#
On top of the yield earned with Notional, farmers utilizing these farms can enjoy auto-harvested $NOTE and $iFARM emissions.
How to get started with Notianal Farms?
First, head over to Notional’s Lend page and provide liquidity to one of the vaults of your choice: DAI, ETH, USDC, and WTBC. In return for your liquidity, the Notional platform will mint nTokens (e.g. nUSDC ) as proof of your deposit.
Next, head over to Harvest and deposit the nToken in the corresponding vault. You can easily filter for all Notional vaults by clicking the tag ‘Notional’ on top of the farm’s list.
On top of the yield earned with Notional, farmers utilizing these farms can enjoy auto-harvested $NOTE and $iFARM emissions. Note: As the farms are fresh with low deposits, APYs displayed on Harvest’s Dapp can be really high until sizeable deposits roll in.
A word on $NOTE liquidity incentives
nToken holders accrue $NOTE rewards proportional to their share of the total nTokens outstanding and the annual NOTE emission rate for that currency type:
USDC: 6,750,000
DAI: 6,250,000
ETH: 750,00
wBTC: 700,000
About Notional Finance📈
Notional is the first decentralized, Ethereum-based protocol for borrowing and lending at fixed rates and fixed terms. With variable-rate lending, DeFi can only serve a small segment of the crypto lending market because variable interest rates don’t provide the certainty that lenders and borrowers require. Notional fixes this by creating a true market for lenders and borrowers that empowers individual investors, business owners, and institutional investors.
After raising a $10 million Series A in May 2021 from some of the top VC firms, including Coinbase Ventures, Notional’s protocol was relaunched on 11/1 with a host of new features as well as the $NOTE governance token. Notional is now a top 10 DeFi lending protocol with more than $500M in total lending volume.
To find out more, follow Notional on Twitter @NotionalFinance, subscribe to the newsletter, join Discord, or check out the website to learn more.
About Harvest Finance
Harvest is an asset management platform that maximizes yield for assets deposited by users. Harvest reduces gas costs and develops cutting-edge strategies to become the stop-shop of yield farming in DeFi.
Connect with Harvest: Website — Twitter — Discord
Originally published here
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
