V3 DeFi Liquidity Pools Are Looking Pretty Awesome

I only got started in #defi because of the launch of CubDeFi over two years ago. That had me jumping into things like Binance, Metamask and a rough crash course if defi itself. I have to say though the people in LeoFinance where a huge help in getting me through this learning curve lol so thank you and hats off to them.

Since then I haven't done all too much with DeFi. I'm more of a stack, set and forget a reap the rewards type of person. That's because I'm mainly passive income focused anymore. If I can take a million dollar investment and make 6%+ on it each year then honestly I wouldn't even have to work anymore or working would be a total side project if I wanted to do it or not.

It's only recently that I started to explore some new options. While I want to get into Thorchain it's a little out of my reach at the moment but a target. The main one which I recently got involved with is BiSwap and I have to say I'm loving the new V3 version I'm seeing and most likely will see a lot more DeFi platforms start to adopt.

What Is V3 BiSwap?

In a recent move BiSwap has changed from V2 liquidity pools aka Farms into V3. V3 promises not only higher normal APRs but also a higher split and revenue from fees generated from the pool. In order to take advantage of this you must move your V2 funds out and move them into V3 farms. If you need help doing that they have a great write up here which I had to use myself.

How To Move Liquidity to Biswap V3

The biggest aspect I've been able to see with providing to the V3 version of this defi platform is the fee tier selector in which you'll be telling the system what type of fee you want to charge. While they will give you the optimal version you might end up choosing something else.

This essentially tells the system what type of fee you want to collect on this pairing and let me say some of them are pretty sweet earners if they end up being a popular token pair.

What's gotten me the most excited about this is being able to now view and see exactly what my pair is earning in not only fees but also the native token APR. Essentially I'm earning three tokens for the pair of two. The native tokens APR and then the fees from the pair which would be token A and token B. This is all broken down to you in a manner which is easy to see and easy to claim at any time you wish.

This is a feature at least to me that is missing from most current DeFi platforms. It seems to be hidden or just flows into the APR on others and your never really sure exactly how much you're earning on your liquidity and how it's split up at any given time.

Maybe this is new to me being that I don't use DeFi that much anymore because of all the issues, high fees, hacks and general sense of it slowly falling in demand but to me it seemed like a positive move and might help mitigate issues as well.

Progress is always good no matter how small it might be.
What DeFi platforms are you enjoying the most?

Posted Using LeoFinance Alpha