Research Summary
The report discusses five promising farms of the week, namely Gains Network, WOOFi, f(x) Protocol, Orange Finance, and Hyperliquid. These platforms offer lucrative yields on tokens, with some also providing potential airdrops.
Key Takeaways
Gains Network’s Lucrative Yields
- High APRs: Gains Network, an on-chain perpetual DEX for crypto, forex, and commodities, offers high APRs on GNS/USDC (432%), GNS/ETH (322%), and gDAI/DAI (50%).
- ARB STIP Grant: The platform has recently been approved for the ARB STIP grant via backfund, which will be used for fee rebates and liquidity incentives.
WOOFi’s Single-Sided Yields
- Single-Sided Yields: WOOFi, a one-stop shop DEX for trading and earning, offers single-sided yields on blue-chip tokens, with APRs of 24% on USDC, 15% on ETH, and 10% on ARB and BTC.
- ARB STIP Grant: Similar to Gains Network, WOOFi has also received an ARB STIP grant via the recently approved back fund proposal.
f(x) Protocol’s Unique ETH-Based Primitives
- Lucrative Yields: f(x) protocol, which has developed unique ETH-based primitives with xETH and fETH, offers lucrative yields, with LPs currently earning 37% APR on xETH and 35% APR on stETH.
- Semi-Stable Stablecoin: The protocol enables users to access a semi-stable stablecoin (fETH) or a liquidation and fee-free ETH leveraged long.
Orange Finance’s Delta-Hedging Concentrated Liquidity Management
- High APRs: Orange Finance, a delta-hedging concentrated liquidity management protocol, offers high APRs on ETH/USDC (228%), ARB/USDC (109%), and WBTC/WETH (61%).
- Potential Airdrop: Orange is yet to release a token, indicating a potential airdrop in the future.
Hyperliquid’s Perpetual Order Book Protocol
- Lucrative Yields: Hyperliquid, a perpetual order book protocol built on the Hyperliquid L1, offers a 46% APR on stablecoins, while also providing points for a potential airdrop.
- Efficient Trading: The platform enables users to quickly, efficiently, and cheaply trade perpetual contracts for a wide array of assets.
Actionable Insights
- Monitor Gains Network and WOOFi: Given their recent approval for the ARB STIP grant, these platforms may offer increased liquidity incentives and fee rebates.
- Consider f(x) Protocol’s Unique Offerings: The platform’s unique ETH-based primitives and lucrative yields could be worth exploring for potential benefits.
- Assess Orange Finance’s Potential Airdrop: As Orange is yet to release a token, there may be a potential airdrop in the future, which could provide additional benefits for users.
- Explore Hyperliquid’s Trading Efficiency: The platform’s ability to enable quick, efficient, and cheap trading of perpetual contracts could be beneficial for users looking for efficient trading platforms.
