Polygon - Earn more by Auto-compounding Stable & Single tokens (IRON / WBTC / WETH / WMATIC)
Polygon is a Layer-2 solution on Ethereum blockchain with very-low transaction fees. We already know Yield Optimizers (auto-compound functions) in Binance Smart Chain. Now, it is time to take advantage of auto-compounding, in order to earn even more in Polygon, for Stable & Single tokens!
Right now, a very good way to bridge tokens from BSC to Polygon is EvoDeFi (https://evodefi.com/bridge?token=USDC). You can bridge USDC / ETH / WMATIC. Pay attention to send bridged tokens to MetaMask, as Trust Wallet cannot be used in Polygon.
The website where we can auto-compound is Eleven Finance (https://eleven.finance/#/). After you go into the website, select “Polygon”, in order to hide BSC choices.
The choices for Stable coins are:
IRON/USDC through Iron Finance
IRON through Polycat. PAY ATTENTION THAT THERE IS A 4% DEPOSIT FEE
The choices for Single tokens are WMATIC / WBTC / WETH through Polycat. PAY ATTENTION THAT THERE IS A 4% DEPOSIT FEE
The percentages that someone can earn are high enough. But keep in mind the 4% fee (for Polycat selections) and that the Farms in general are very risky.
Chapters:
00:00 Intro
00:58 EvoDefi (Bridge BSC to Polygon)
03:18 IRON Finance (Farms) – Stable tokens
05:21 Eleven Finance (Auto-compound Stable & Single tokens)
Useful links
EvoDeFi: https://evodefi.com/bridge?token=USDC
IRON Finance: https://polygon.iron.finance/
Eleven Finance: https://eleven.finance/#/
Polycat Finance: https://polycat.finance/vaults
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Keep in mind that we are not financial advisors. Our content is intended for general information purposes only.
#Polygon #MATIC #ElevenFinance #YieldOptimizers #IronFinance #YieldFarms #Staking #Cryptocurrency #Crypto