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Harmony Ecosystem

Stake ETH And Stable Coins To Earn 120%+ APY On Harmony (ETH-Frax Liquidity Mining Strategy)

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Hey guys!
I am excited to share with you a new strategy that I stumbled upon recently.
In the strategy, I will teach you how to make 120% APY on your ETH and Stable coins (Frax).
There are some very attractive liquidity mining programs on SushiSwap on Harmony Chain that we want to take advantage of, and in this tutorial, I will show you how.
The stable coin that we will use is Frax, The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
In the video, we will also talk about the risks that are involved in the strategy.
We will also go through every step so you guys can implement the strategy yourself.
We will maximize our yields and reduce farming token exposure by using Beefy Finance auto compounder strategy.
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Useful Links:

SushiSwap:
https://app.sushi.com/swap

Frax:
https://frax.finance/

Harmony Bridge:
https://bridge.harmony.one/

Beefy Finance:
https://app.beefy.finance/#/harmony
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Related Videos:

Add Harmony To Metamask:
https://www.youtube.com/watch?v=Zvu1kgGtYV8

Bridge From Ethereum To Harmony:
https://www.youtube.com/watch?v=2kdYMXf7Jnc

Bridge From BSC To Harmony:
https://www.youtube.com/watch?v=gscgv8MBtaI

Beefy Finance Complete Guide:
https://www.youtube.com/watch?v=lUqRu7Vm3rc
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Time Stamps:
00:00 Intro
01:38 The Strategy Explained
02:34 Risks
07:53 Examples
08:53 Harmony Chain (One)
10:50 SushiSwap
11:30 Bridge ETH To Harmony
13:05 Sell ETH To Frax
15:00 Adding ETH-Frax Liquidity
16:00 Maximizing Yields Using Beefy Finance
19:30 Outro And Summary
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⚠️⚠️⚠️ #ETH #StableCoin #FRAX #Harmony #Ethereum #Farming #Stake ⚠️⚠️⚠️
The content in any of Johnny’s Youtube videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information.
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
I am just sharing my knowledge and my findings.
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Music By Yoad Ronen:
https://soundcloud.com/yoad-ronen
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Until next time,
Johnny Time

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6 Comments

  1. Good vid, thanks! A little off topic.
    1. If I want to recover a Metamask account that I had on Chrome, can I recover to any browser (Brave/Firefox etc) or only Chrome?
    2. If I want to make multiple Metamask accounts, all in different Chrome browsers, for security reasons should they be linked to my main Google account, or separate? I see that we can "add profile" and use a new Chrome browser. Then it asks me if I want to "sync it" to my main account. Sync off or on? Does it matter?

  2. It's already down to 82% (-30%) just 4 hours after publishing this video.

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