Today in Agriculture - BarnBridge Farming, RLY Farming, SynLev
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BarnBridge Farming
BarnBridge, a tokenized risk project, launched its yield farming initiative recently for BOND tokens. Read more about BarnBridge here.
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Rally Farming
Rally, a social currency project, has also recently unveiled its yield farming initiative. Yield Delegating Vaults (YDV) are a Yearn Finance primitive which lets users earn yield on their deposits while also directing a portion of the yield to a designated treasury. Rallyβs use of YDVs lets its users support Rally while earning yield and also earning RLY governance tokens.
Besides YDVs, Rally also has other yield farming initiatives. Find out more on their Medium.
SynLev
SynLev, a synthetic leveraged token project, has announced its plans and unveiled its yield farming initiatives. Besides a risky βPool2β farm, it also has LP rewards for its SynLev exchange. SynLev has a Kovan testnet app which you can try at Synlev.com.
Note that SynLev is an interesting project but does not seem to have an audit, and the developer seems to be anonymous.
We are reporting on this project because it addresses an interesting problem and has a functional MVP, but farmers and users should do diligence before farming or using this protocol.
FollowΒ @todayindefiΒ to keep up with the latest DeFi news on Twitter.
Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned