Guide to Yield Farming Euro on Polygon for Maximum APY | by Mimo Labs | mimolabs

The guide below will walk you through each step of this workflow, allowing you to leverage your $PAR in new liquidity pools significantly.

The high level

The goal of this guide is to help you get started with all platforms and programs recently launched on Polygon with $PAR.

1. We’ll start by opening a wBTC vault in Mimo and minting $PAR
2. Deposit $PAR into the new Curve 4eur pool to get the LP token: 4eur-f
3. Mark out 4eur-f into Jarvis’ €4 DEN-0121 liquidity mining program
4. Or we can add liquidity to KyberSwap and use Harvest to automatically farm into DEN-4EUR

The process is easier than it sounds once you follow this guide and video that walks you through the entire process.

Step 1: Open a Mimo vault

Mimo’s Vaults are all yours. Give the protocol your crypto assets (wBTC, wETH or USDC) and as a result you get a fully decentralized stablecoin pegged to the euro.

We’ll start by opening a vault – in this example, we’ll use wBTC as collateral for the vault, as it currently offers the highest APY. After you create the vault, deposit your cryptoassets, and mint $PAR, your vault should look like this.

In this example, we’re going to coin 131.36 $PAR, which we’ll use to fund all of the following steps in this tutorial.

Step 2: Deposit $PAR into Curve.fi’s 4EUR pool

Navigate to Curve’s 4EUR pool on Polygon and select the amount of $PAR you wish to deposit. After going through this confirmation you will receive liquidity pool tokens which we will use for staking in the following steps.

Step 3: Add liquidity in Jarvis with LP tokens

Navigate to Jarvis’ DEN-0121 Liquidity Mining Program and select Add Liquidity with the amount of tokens you wish to stake.

If you ultimately want to deploy at Harvest.finance, skip this step and go to step 4.

Step 4: Add liquidity to KyberSwap with LP tokens

Navigate to KyberSwaps 4EUR-F/DEN-0121 DMM and add 4eur-f token here.

This serves the purpose of step 5, where we will use Harvest. as described here.

Step 5: Deposit and wager for rewards in Harvest

Navigate to Harvest.finance and select the maximum deposit amount of jarvis_DEN_4EUR.

After depositing, make sure to wager all fjarvis_DEN_4EUR for maximum claimable rewards.

That’s it! You have gone through the entire flowchart and participated in the best euro staking schemes in the DeFi ecosystem.

Again, you have the option to stop at step 3 or skip it and take the alternate route for larger APYs. Please find us on Twitter or Telegram and we will be happy to help you and answer any questions.

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers