As DeFi continues to grow, a major challenge is navigating all the new and old opportunities. Much like the early days of the Internet, we quickly outgrew manually journeying from one website to the next and required search engines and aggregators. Similarly in this new internet of money powered by DeFi, we need help finding the best opportunities to earn with our assets. For example, last week, we covered a kind of aggregator called Alpha Homora which offers exposure to 43 leveraged liquidity provisions.
At Zapper, we think a lot about how to make DeFi easier. We offer users the most accurate view of your on-chain DeFi portfolio by just connecting your Ethereum wallet(s). The other major component to Zapper is what we call Zaps, or DeFi shortcuts. Zaps are an easier way to enter LPs, yVaults, staking, and more with just a few clicks vs having to navigate multiple steps on individual DeFi apps.
One example is if you were to enter the SushiSwap WBTC/ETH LP, you’d have to first know the opportunity exists and second prepare an equal amount of WBTC + ETH to deposit. Then you must know where and how to stake the LP to earn 7% in SUSHI rewards. It’s exhausting just typing that all out!
Compare all that to starting with a single token (even a token not in the LP like USDT) and Zapping into the LP like so at zapper.fi/invest!
If you can understand our mission to break down information asymmetries in DeFi, then you can recognize that the easier and more accessible we make finding new DeFi opportunities, the more likely we are to see mass adoption of DeFi.
How to Discover 100+ Yield Farming Plays on the Zapper Farming Dashboard
This past week, we unveiled a new Farming Dashboard on Zapper to eventually offer not only an aggregated view of all DeFi farms, but a gateway to enter those opportunities with any token.
Here’s how it works!
1 – Go to Zapper.fi/farm to find this dashboard below.
- Currently, there’s ~120 farming opportunities and we hope to see this grow to 1000+ in the coming months.
- You can rank opportunities by Liquidity, ROI (of claimable rewards), or Rewards.
- You can search by token or protocol.
Or what’s even easier is just flip the switch “Show Available to Stake” and click the green Stake button to start earning!
2 – Once you identify an opportunity you want exposure to, one can determine if they require a token or LP.
- In the above example, you can see I already have DAI and hence I can stake to enter the opportunity, but if I didn’t have DAI, I could hop over to the Zapper Exchange at zapper.fi/exchange and trade for DAI before going back to click Stake on the Farm tab.
- Alternatively, I might need to become an LP before staking. Follow step three below if that’s the case.
3 – Assuming one wishes to earn yield farming rewards as an LP, I might identify the opportunity below in the Curve sETH LP. I then go to the Pool tab, search Curve sETH and click “Add Liquidity” which will offer me multiple single-asset deposit options. Even if I don’t have a token in the LP like sETH or ETH, I can Zap in with DAI, USDC, USDT, sUSD, LINK, WBTC, or renBTC.
4 – Then, go back to the Farm tab and flip the “Show Available to Stake” and you’ll notice a green “Stake” button next to the related LP or token to start earning rewards.
That’s it!…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
