The network’s reduced transaction fees and faster confirmation times have attracted numerous DeFi protocols, offering investors various avenues to maximize their returns.

Here’s an exploration of some of the top yield farming and staking options currently available on Arbitrum:

1. GMX: Decentralized Perpetual Exchange

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Users can stake their GMX tokens to earn a share of the platform’s fees, providing a consistent yield over time. This staking mechanism benefits investors directly from the platform’s trading volume, aligning incentives between the protocol and its users.

2. Trader Joe: Innovative Liquidity Pools

Originally launched on Avalanche, Trader Joe has expanded to Arbitrum, introducing its unique Liquidity Book pools. These pools offer dynamic fees and concentrated liquidity, enabling liquidity providers to earn higher yields. The upcoming auto-pools feature aims to automate liquidity management, further enhancing user experience and potential returns.

3. Curve Finance: Tricrypto Pool

Curve Finance, renowned for its efficient stablecoin swaps, offers the Tricrypto pool on Arbitrum, comprising Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Liquidity providers in this pool gain exposure to these three major assets while earning trading fees and additional rewards. This strategy suits investors seeking diversified exposure with relatively stable returns.

4. Pickle Finance: Yield Aggregation Services

Pickle Finance operates as a yield aggregator, optimizing returns for users by auto-compounding yields from various protocols. By deploying strategies that continually reinvest earnings, Pickle Finance enhances the potential returns for liquidity providers on Arbitrum.

5. Beefy Finance: Multi-Chain Yield Optimizer

Beefy Finance is a decentralized, multi-chain yield optimizer that has integrated with Arbitrum. It offers various vaults where users can deposit assets, and the platform automatically compounds yields, maximizing returns through efficient strategies.

6. PlutusDAO: Governance and Yield Optimization

PlutusDAO is a governance aggregator aiming to maximize liquidity and rewards for its users. By locking tokens within the protocol, users can earn enhanced yields and participate in governance decisions, aligning incentives between stakeholders.

7. GND Protocol: Leveraged Yield Farming

GND Protocol offers leveraged yield farming strategies on Arbitrum, allowing users to amplify their exposure to yield farming opportunities. By utilizing leverage, investors can potentially increase their returns, though it’s essential to be aware of the associated risks.

8. Arbidex: Community-Centric DEX

Arbidex positions itself as a decentralized exchange built by and for the community. It offers yield farming opportunities with a focus on returning 100% of fees to ARX token holders, promoting a community-first approach.

9. Mellow Protocol: Automated DeFi Strategies

Mellow Protocol specializes in active liquidity management and creating automated DeFi strategies. Users can participate in various vaults that deploy complex strategies to optimize yields on their assets.

10. Metavisor: Liquidity Optimization Platform

Metavisor provides liquidity automation, optimization, and management services. It assists liquidity providers in maximizing their returns by automating the management of their positions across different protocols on Arbitrum.

Considerations for Yield Farmers

While Arbitrum offers a plethora of yield farming opportunities, investors must conduct thorough research and consider factors such as:

• Impermanent Loss: Providing liquidity to pools with volatile assets can lead to impermanent loss, where the value of deposited assets decreases compared to holding them outright.
• Smart Contract Risks: Engaging with DeFi protocols involves interacting with smart contracts, which may have vulnerabilities. It’s essential to assess the security measures and audits of each platform.
• Market Conditions: Yield farming returns can be influenced by broader market dynamics. Investors should remain aware of market trends and adjust their strategies accordingly.

In conclusion, Arbitrum’s ecosystem presents diverse yield farming and staking opportunities catering to various risk appetites and investment strategies. By carefully selecting platforms and staying informed about potential risks, investors can optimize their returns in this burgeoning DeFi landscape.

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Curve deploys on Celo to promote real-world adoption of crypto assets. The launch is a collaboration among the Celo Foundation, Curve, Stake DAO, and Stake Capital.

Partnership Highlights

Curve and Celo’s partnership dates back to August 2021, when Celo announced its “DeFi for the People” (DFTP) initiative, committing $100M to make decentralized finance (DeFi) broadly accessible to the 6.4 billion mobile phone users around the world. Curve joined DFTP as a founding member, alongside DeFi protocol Aave, DEXs Sushi and Ubeswap, and Valora wallet, among others.

On Celo, Curve joins DEX Uniswap v3, deployed in July 2022. Celo users now have access to the two largest DEXs in the world, both of which use integration with Wormhole, the cross-chain interoperability protocol, and its Portal token bridge.

Management Quote

“Curve is excited to deploy on Celo,” says Julien Bouteloup, who is part of Curve’s core team. “Celo is unique through its mobile-first design with a diverse ecosystem. And user base in regions where real-world crypto adoption is highest. Through continued, long-term collaboration, we aim to bring decentralized financial tools to the masses, such as introducing innovations through a forthcoming rewards program using Votemarket by Stake DAO.”

Built for real-world utility, including payment systems, mutual credit, universal basic income (UBI), climate solutions, and borrowing and lending. Celo boasts technical advantages from mobile optimization to the ability to pay for transaction fees using ERC-20 tokens. The Mento protocol, which provides various stable assets to users of the Celo blockchain (cUSD, cEUR, cREAL),. Aims to launch stable assets in every currency in the world.

“Curve brings greater usability to Celo,” says Nikhil Raghuveera, the Celo Foundation’s Head of Strategy & Innovation, “by making it easier for people to use and swap stable assets for real-world use cases and moving seamlessly on- and off-chain. We look forward to deepening our relationship with Curve’s ecosystem, including Stake DAO and Stake Capital. Through future gauge proposals supporting robust, decentralized Web3 infrastructure––which is needed now more than ever.”

About Celo

Celo is a carbon-negative, permissionless, layer-1 protocol with a rich ecosystem of global partners building innovative Web3 applications within the DeFi, ReFi, and NFT sectors. Accessible to anyone with a mobile phone. The Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo Protocol), the CELO native token, and several Mento stable assets (cUSD, cEUR, cREAL) that enable anyone to use digital assets like currency. Launched on Earth Day in 2020, the open source Celo mainnet supports 1,000+ projects created by developers and artists located around the world.

Website | Twitter

About CurveFinance

CurveFinance is one of the largest decentralized exchanges (DEXs). Users will be able to more easily transfer digital assets and move on- and off-chain via Wormhole’s Portal bridge.

Website | Twitter

SOURCE

https://www.businesswire.com/news/home/20221122005119/en/Curve.Finance-Launches-on-Celo

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The Kava blockchain adds Curve.fi DeFi protocol with the highest APY pools powered by the Kava Rise incentives program. Today DeFi powerhouse Curve Finance launches on Kava boasting the highest APY pools ever seen starting next week. Curve and Kava’s landmark partnership is made possible by Kava Rise, the world’s first programmatic rewards program set to drive unseen growth to the Kava blockchain.

Curve pools on Kava will have the highest APYs out of all Curve pools on any other Layer 1 blockchain. Users can earn up to 115% in KAVA rewards on their USDC, USDT, & DAI with Curve on the KavaNetwork.

The Curve deployment on the Kava Network EVM Co-Chain and likely earn a substantial portion of the rewards from the $750M Kava Rise incentive program, which may produce a significant windfall for Curve and Kava users. Curve’s highly efficient pools will also serve as a baseline infrastructure for the many protocols and bridges onboarding to Kava weekly. Exciting new use cases on Kava will be power by the deep liquidity of Curve on Kava, ensure by the Kava Rise protocols.

Users on Curve.fi can trade stablecoins and different versions of tokenized assets via a formula that reduces slippage when trading variable stablecoins.

¹APY up to the this amount is scheduled to go live on 9/20.

About Curve

Curve Finance DeFi’s leading automated market maker (AMM). Stableswap formula sets the industry standard. Curve enables the high-liquidity, low-fee, low-slippage swaps between stablecoins.

Website | Twitter |

About Kava

Kava a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum. With speed and interoperability of Cosmos in a single, scalable network.

Website | Twitter |

Source

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Project Galaxy integration with Moonbeam — the smart contract platform for cross-chain connected applications. They are launching Project Galaxy Harvest Moon Campaign On Moonbeam Network centered around the chain’s Harvest Moon initiative to celebrate!

Moonbeam is a smart contract platform for cross-chain connected applications that unites functionality from Ethereum, Cosmos, Polkadot — and beyond. This platform provides a way for developers to build cross-chain connected applications with superior user experiences by unifying access to users, assets, and services across any existing blockchain. With this integration, Project Galaxy has made it possible for projects on Moonbeam to run their own user campaigns on the platform, increasing activity in the overall Polkadot ecosystem by helping projects on Moonbeam to grow in both brand awareness and community engagement.

Project Galaxy is powering a campaign for Moonbeam called Ultimate Harvest Moon: Win NFTs by using dApps on the Moonbeam Network.

Harvest Moon is a campaign designed to spark DeFi activity in hopes that different chains in the Web3 ecosystem will band together to build the future of DeFi on the Moonbeam network. Moonbeam’s unique cross-chain connected smart contracts will be the driving force to bring all these chains together.

The Moonbeam Foundation has indicated that it has allocated up to 1.5% of the GLMR genesis supply to fund a grant-based liquidity program for the Harvest Moon campaign. The first wave of Harvest Moon will encourage activity on participating applications (Lido, Curve, StellaSwap, and Moonwell). And as the next wave deploys, Harvest Moon will expand to allow users to harness Moonbeam’s unique DeFi capabilities.

Harvest Moon will run for approximately three to four months and will focus on attracting new users and building the core DeFi primitives needed for the multi-chain connected smart contract vision to come to life. The amount of tokens allocated to Harvest Moon and the length of the campaign are subject to change.

The Ultimate Harvest Moon campaign will start on July 28th, 2022 14:00 (UTC) and run on Project Galaxy for three weeks as a way for users to interact with projects in the Harvest Moon campaign to win NFTs.

Check out the campaign link here: 

https://galaxy.eco/Moonbeam/campaign/GCcg1Ut2hD

All the NFTs for the Ultimate Harvest Moon Campaign are designed by PaperPlane, a Web3 NFT studio based in Asia. PaperPlane combined a blend of psychedelic fantasy and surrealism, which they say was inspired by an influential cartoonist Jean Giraud (known by his pen name “Moebius”).

During The Ultimate Harvest Moon Campaign, Substrate layer indexing data is provided by Web3Go, an all-in-one open data analytics and service platform started from the Polkadot ecosystem. Smart contract layer credentials are indexed using The Graph.

The specifications on how to get involved with The Harvest Moon Campaign are simple:

1. Eligible addresses will need to complete tasks provided by 6 Moonbeam ecosystem projects (Moonbeam App, Nomad, Moonwell, StellaSwap, Lido Finance, and Curve Finance).
2. Each task completed will be rewarded with one missing NFT puzzle designed for Paperplane, an NFT design studio.
3. After collecting all (6) missing NFT puzzles from the campaign, each eligible address will have a chance to synthesize one ultimate “Harvest Moon” NFT, which conveys cross-chain future vision. Each eligible address will be able to claim this NFT on August 23th, 2022. The snapshot of all (6) missing NFT puzzle holders will be taken on August 18th, 2022 14:00 (UTC).
4. All NFTs minted in this campaign will be on the Moonbeam Network blockchain.

6 Missions for the Ultimate Harvest Moon Campaign

Ultimate Harvest Moon | Mission: Transfer

About Moonbeam

Moonbeam a smart contract platform for cross-chain connected applications that unites functionality from Ethereum, Cosmos, Polkadot — and beyond.

Portal

https://apps.moonbeam.network/moonbeam

Task Description

Transfer DOT from Polkadot to Moonbeam

Notes: the credential will be updated every 24 hours during the campaign.

Tutorial here.

Ultimate Harvest Moon | Mission: Bridge

Project Introduction

Nomad is a cross-chain communication standard that enables cheap and secure transfers of tokens and data between chains.

Portal

Nomad: https://app.nomad.xyz/

Task Description

Send ETH, BTC, or USDC from Ethereum to Moonbeam Network by using Nomad.

Tutorial here.

Ultimate Harvest Moon | Mission: Swap

Project Introduction

StellaSwap is a DEX on Moonbeam that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge tokens, explore new projects, and engage in NFT trading all from a single unified platform.

Portal

https://app.stellaswap.com/zh-CN/exchange/swap

Task Description

Swap on StellaSwap and supply tokens to any of the GLMR+xcDOT, mad.ETH+GLMR, or mad.USDC+GLMR liquidity pools.

*Must remain staked for at least 24 hours.

Tutorial here.

Ultimate Harvest Moon | Mission: Dream

Project Introduction

Moonwell is an open lending & borrowing DeFi protocol built on Moonbeam and Moonriver.

Portal

https://moonwell.fi/

Task Description

Deposit mad.USDC, mad.BTC, mad.ETH, xcDOT, GLMR or FRAX to Moonwell Artemis.

*Must remain deposited for at least 24 hours.

Tutorial here.

Ultimate Harvest Moon | Mission: Link

Project Introduction

Lido for Polkadot is a liquid staking solution for DOT backed by industry-leading staking providers.

Lido lets users earn DOT staking rewards without needing to maintain infrastructure and enables them to trade staked positions and participate in on-chain decentralized finance with their staked tokens.

Portal

https://polkadot.lido.fi/

Task Description

Stake DOT to Lido liquid staking protocol.

*Must remain staked for at least 24 hours.

Tutorial here.

Ultimate Harvest Moon | Mission: Balance

Project Introduction

Curve Finance is a decentralized exchange for trading cryptocurrency that focuses on efficient stablecoin trading. Curve’s focus on stablecoins allows investors to avoid more volatile crypto tokens. It is an automated market maker (AMM) that maintains low fees and slippage through the use of liquidity pools.

Portal

https://moonbeam.curve.fi/factory/1/deposit

Task Description

Supply tokens to Curve xcDOT+stDOT.

*Must remain deposited for at least 24 hours.

Tutorial here.

Moonbeam will also be hosting an AMA to discuss the importance of the Project Galaxy deployment, connected contract in the future cross-chain development, Ultimate Harvest Moon Campaign, and Applications in the Moonbeam ecosystem. The AMA date is still TBD so keep an eye out for an announcement on our Twitter.

About Project Galaxy

Project Galaxy is building a protocol that powers on-chain credentials with plug-and-play NFT modules. The permission-less infrastructure allows everyone to create, distribute, and gamify NFTs with customized on-chain data. Developers can build their own loyalty programs, and individuals can issue and claim the NFTs backed by their on-chain achievements.

Website | Twitter |

Source

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