Jan 9
Indexed Farming Funds on Tortle Ninja
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.
With Tortle Ninja, you can create or use what we 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.
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.
In our experiments, these strategies create a 1% daily APR on average, with APY oscillating between 300% and 700%.
Impressive isn’t it? You can use this recipe by just cloning it, reviewing the combo triggers and that’s it. 👌
Fantom Indexed Fund Farming recipe link ⬇️
About Tortle Ninja
Tortle Ninja is 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.
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