Research Summary
The report discusses five farms of the week, namely Concentric, Aark Digital, Swaap Finance, Hyperliquid, and Pendle. These farms offer various yields and services, from automated liquidity management to yield trading protocols.
Key Takeaways
Concentric: Automated Liquidity Manager
- Boosted Yield: Concentric, an automated liquidity manager built on Camelot, offers a boosted yield for deposited tokens. It currently supports WETH/USDC and USDC/CONE pairs, with plans to support more in the future.
- High APY: Concentric offers a 160% APY on WETH/USDC and 440% APY on CONE/USDC, excluding the yield from fees.
Aark Digital: Perpetual DEX on Arbitrum
- Custom-Built for Traders: Aark Digital is a perpetual DEX on Arbitrum, designed specifically for professional traders. It offers a solution to the pain points of perp DEXs.
- Token Mining Program: Users can earn a 38% APR, plus additional rewards in Aark tokens from the recently released token mining program.
Swaap Finance: Non-Custodial RFQ Market-Making Infrastructure
- RFQ System: Swaap Finance uses a Request for Quote (RFQ) system to offer liquidity services, a departure from the constant liquidity provision of traditional AMMs.
- Lucrative Yields: Swaap currently supports WETH/USDC and USDC/USDT pairs, offering 40% APR and 38% APR respectively.
Hyperliquid: On-Chain Order Book
- Unmatched Composability and Efficiency: Hyperliquid is a fully on-chain order book built on the Hyperliquid L1, offering unmatched composability and efficiency.
- Lucrative APR: Despite a period of stagnation, Hyperliquid is now offering a 44% APR, making it one of the most lucrative farms around.
Pendle: Yield Trading Protocol
- Yield on Blue-Chip Tokens: Pendle, a yield trading protocol, continues to be one of the best places to earn a yield on blue-chip tokens.
- Various APYs: Pendle offers a range of APYs on different pairs, including 21% on OETH, 26% on ankrETH/wstETH, 14% on fUSDC, and 23% on HLP.
Actionable Insights
- Investigate the Potential of Concentric: With its high APY and plans to support more pairs, Concentric could be a promising platform for those looking to maximize their yield.
- Consider the Benefits of Aark Digital: Aark Digital’s custom-built platform and token mining program could offer significant advantages for professional traders.
- Explore Swaap Finance’s RFQ System: Swaap Finance’s unique RFQ system and lucrative yields could be worth exploring for those interested in alternative liquidity services.
- Assess the Prospects of Hyperliquid: Despite a period of stagnation, Hyperliquid’s recent increase in APR could signal a potential turnaround.
- Examine Pendle’s Yield Trading Protocol: Pendle’s range of APYs and focus on blue-chip tokens could make it an attractive option for those looking to diversify their yield sources.
