Research Summary
The report from Humble Farmer Army Research highlights five DeFi farms for the week, including MarginFi, Kamino Finance, Camelot, Umami DAO, and Aark Digital. These platforms offer various opportunities for earning yields, with some also providing potential for airdrops. The report also discusses the performance of these farms and the annual percentage rates (APRs) they offer.
Key Takeaways
MarginFi’s Points Program and Airdrop Farming
- MarginFi’s New Offering: MarginFi, a DeFi prime brokerage, has launched its own points program. The platform’s suite of smart contracts facilitates P2P lending and portfolio management for traders.
- Airdrop Farming on Solana: The recent JTO airdrop has shifted attention towards airdrop farming Solana protocols, leading to a surge in Total Value Locked (TVL) in anticipation of future airdrops.
Kamino Finance’s Hands-Off Market-Making
- Automated Market-Making: Kamino Finance, a platform built on Solana, offers a hands-off market-making service. Users can deposit USDC into one of Kamino’s vaults, and the platform will provide liquidity for the specific pair.
- High APR Vaults: Some of Kamino’s vaults offer high APRs, such as MNDE/mSOL at 6000% APR and JTO/jSOL at 2100% APR, although these rates are likely to be diluted.
Camelot’s Yield Opportunities on Arbitrum
- Lucrative Yield Farming: Camelot continues to be a profitable place for yield farming on Arbitrum. The platform’s TVL and volume have increased over the past few weeks, solidifying its position as Arbitrum’s trading hub.
- Attractive Pool APRs: Some of Camelot’s pools offer attractive APRs, including SOL/USDC at 286% APR and ETH/USDT at 189% APR.
Umami DAO’s Delta-Neutral Yield Protocol
- Delta-Neutral Yield Farming: Umami DAO, built on top of GMX, offers a delta-neutral yield protocol. The platform’s delta-neutral vaults have been performing well, further boosted by ARB incentives.
- Room for Deposits: Despite having caps, there is still room for deposits in all of Umami’s vaults, with APRs ranging from 20% on LINK to 60% on USDC.
Aark Digital’s Perpetual DEX on Arbitrum
- Perpetual DEX Offering: Aark Digital, a perpetual DEX on Arbitrum, is designed for professional traders. The platform offers a solution for the pain points of perpetual DEXs.
- Token Mining Program: Users can earn 38% APR, plus additional rewards in the form of Aark tokens from the platform’s recently launched token mining program.
Actionable Insights
- Explore MarginFi’s Points Program: Traders interested in P2P lending and portfolio management may want to explore MarginFi’s new points program and its potential benefits.
- Consider Kamino Finance for Automated Market-Making: Those looking for hands-off market-making services might find Kamino Finance’s platform on Solana appealing, especially given its high APR vaults.
- Investigate Camelot’s Yield Opportunities: Investors seeking yield farming opportunities on Arbitrum could consider Camelot, given its increasing TVL and volume, and attractive pool APRs.
- Research Umami DAO’s Delta-Neutral Yield Protocol: Investors interested in delta-neutral yield farming might want to look into Umami DAO’s offerings, particularly its vaults that still have room for deposits.
- Examine Aark Digital’s Perpetual DEX: Professional traders looking for a perpetual DEX might find Aark Digital’s platform on Arbitrum interesting, especially with its token mining program offering additional rewards.
