Tortle Ninja Indexed Farming Funds

Published on: 13.01.2023
Tortle Ninja Indexed Farming Funds

Tortle Ninja Indexed Farming Funds, Tortle Ninja is a no-code decentralized financial tool built to enable retail investors.

Investing in crypto is not easy, volatility sometimes plays against you and even if experience says that crypto markets are extremely correlated, you can diversify your investments in different coins too. Well, diversify risks and profits too. As Tortle Ninja Launches Indexed Farming Funds.

With Tortle Ninja, you can create or use what they call Indexed Farming Funds or iFarms. This new financial product invests in several farms at a time related to FTM, BOO, DEUS, LQDR, OATH, and BIFI, most of them are Fantom-native projects.

Farming

As you might already know these farms earn fees, and reward tokens, and on top of that, our vaults sell those reward tokens to earn more LPs. With this strategy, you are farming something like:

  • 33,3% FTM
  • 16,3% USDC
  • 8,3% BOO
  • 8,3% LQDR
  • 8,3% BIFI
  • 8,3% DEUS
  • 8,3% BEETS

Additionally, if FTM falls 10% in value, those 6 farms will be sold for USDC, so your opportunity risk is mitigated. Also, as risk is diversified and has a great auto-compounding mechanism these strategies behave extremely well on neutral markets as they behave better than investing solely on an asset. About 50 % of how you are investing are USDC and FTM so this can be considered a semi-real yield strategy as you are earning USDCs from the auto-compounders.

These strategies create a 1% daily APR on average, with APY oscillating between 300% and 700%.

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About Tortle Ninja

A no-code decentralized financial tool built to enable retail investors, fintech, and crypto enthusiasts to create combined DeFi strategies.

Tortle users can create combinations of DeFi operations by linking the nodes and defining a strategy. You can split, create a limit, stop-loss orders, and even more complex strategies.

Website | Twitter 

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SOURCE: MEDIUM
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