Yield Farming strategy on Spooky swap in Fantom network. The strategy stakes BOO token, receives xBOO token, stakes xBOO to receive SD token & harvests SD token for more BOO token to be deposited back into strategy!
This strategy uses Badger strategy 1.5 Brownie mix template & builts on top of it. - BOO token staking in Spirit swap in Fantom network, - then receives xBOO token, - which is then staked to receive SD token, - which is harvested for more rewards. This strategy APR has two elements, BOO token staking rewards (auto componding, approx 34% while writing this) and XBOO token staking rewards in SD token (harvestable, approx 5% while writing this) Combined APR is approx 40%
How it's made
The submission is built on top of Badger vault 1.5 mix template. Yield farming strategy development has been made easy by Bader DAO vault 1.5 mix template. The Badger DAO team abstracted away a lot of technicalities, enabling the strategists to focus on the strategy development, which has benefitted a lot to me.