PolyAlpha.Finance Launches Today 🏁 Astonishing APRs 🤯
PolyAlpha.Finance farming starts today in a few hours with astonishing APRs, so I've staked some SPADE and USDC out of sheer curiosity, already satisfied with my experience in the 1st layer PolygonFarm.Finance.
Already Familiar With PolygonFarm.Finance?
Layer 1 - PolygonFarm
Most of you LeoFinance folks already know the Polygon Blockchain as well as other potential BSC killers with super low gas fees and promising futures. I had previously been staking the native SPADE token on PolygonFarm.Finance in the Auto SPADE pool for an impressive 2,328% APR, but I've moved this along with some USDC and additional SPADE I received from undoing a USDC-SPADE liquidity pair I had also staked on this site.
PolygonFarm has been audited by Paladin and reviewed by RugDoc, two things you hope to see before even considering staking crypto funds on a DeFi site. Regardless, it must be said there is no such thing as risk-free in this wild-west DeFi world, and you are always playing at your own risk. That being said, I had some impressive returns from my investment on this site, so that is why I decided to give the second layer a go.
Introducing PolyAlpha.Finance
Layer 2 - PolyAlpha
Finally we reached TVL: $1,025,588🔥 before farming
— PolyAlpha Finance (@PolyAlphaFi) September 7, 2021
Now, let's see if we can hit $1.5M TVL before starting the farming, 5 hours left.
Link: https://t.co/kfjuHhoTop
✅ Join now to get early high APR
✅ Stake SPADE for free to earn $ALPHA
✅ Join TG: https://t.co/kxIJW0l34h#ALPHA pic.twitter.com/wGKfQz6Un5
PolyAlpha.Finance is PolygonFarm's second layer, which launches farming today, September 7th. It is also RugDoc reviewed, as well as audited by Paladin and CertiK. There are some interesting changes in this new second layer, particularly the fact that number of total ALPHA is limited to 9,300 tokens. I must admit I haven't purchased any of these tokens, that seems a bit volatile to me, but I've already watched the price of ALPHA double in the last few days prior to launch.
I've staked just shy of 100 SPADE and and $488 of USDC on this new second layer, very curious to see what kind of dividends the first 24 hours provides. As I write this post, the current APR for staked USDC is 4,081%, and the APR for staked SPADE is 4,496%, both astonishing rates.
What like about these staking pools are that I can get into ALPHA without giving up any current assets and also without having to buy any ALPHA. This is like having my cake and eating it too, because if the ALPHA token starts to seem like it has a dim future, all I have to do is sell or not sell off whatever ALPHA I have accumulated, and unstake my USDC/SPADE and invest them elsewhere.
It's not too often you get some very high APRs by staking a stablecoin like USDC in a very promising project, so I can't help but get optimistic. This new second layer also promises some new lottery systems, loyalty rewards, parallel farming, and even NFTs. You'll also find the usual easy to use PancakeSwap-esque interface that many of us are accustomed to.
Please let me know in the comments if any of you are on PolygonFarm or PolyAlpha. I'd like to hear your thoughts and what kind of staking or LP options you've chosen, criticism also welcome too, of course.
ᴀʟᴛʜᴏᴜɢʜ ɪᴛ ɢᴏᴇs ᴡɪᴛʜᴏᴜᴛ sᴀʏɪɴɢ, I ᴀʟᴡᴀʏs ʟɪᴋᴇ ᴛᴏ ᴍᴇɴᴛɪᴏɴ ᴛʜᴀᴛ ɴᴏᴛʜɪɴɢ ɪɴ ᴛʜɪs ᴘᴏsᴛ ɪs ɪɴᴛᴇɴᴅᴇᴅ ᴀs ɴᴏʀ sʜᴏᴜʟᴅ ʙᴇ ɪɴᴛᴇʀᴘʀᴇᴛᴇᴅ ᴀs ғɪɴᴀɴᴄɪᴀʟ ᴀᴅᴠɪᴄᴇ.
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