Competitive Yield Farming 🧑🌾🏟️
“Use DeFi when gas is 1 gwei” is the new “Be greedy when others are fearful”
When the crypto community hits peak greed and gas spikes to double digits, we’re usually sidelined. Lately, the field has been abandoned, so a variety of amazing yields are available for the taking.
Most of the time we’re lazy and just sit cozy in pools where we expect we won’t have to rebalance much. But this past week conditions were just too good. Gas at 1 gwei. Borrow rates on crvUSD were, if possible, lower.
Best of all, a variety of lower risk pools happened to be ready to earn some great yields when Curve gauges kicked in at midnight. Here was the snapshot from right before when rewards streamed:
The following is our full explainer of how we pocketed ~$350 in 24 hours from some simple hopping among Curve pools.