For those wondering, here are some of the best @monad yields to farm while they run incentives: Almost all of the yields are on @merkl_xyz but a few aren't -- and even the ones that are need a bit of context. 🧵👇

The first thing to realize is that the Monad campaign is much smaller than, say, @Plasma, though also substantially less farmed than Plasma. It's also larger than @arbitrum DRIP (another solid campaign). There's $65K going to $123M TVL daily on Monad That's 19% average APR for the whole chain's TVL There's $235K going to $4.8b daily on Plasma That's 1.79% average APR for the whole chain's TVL Monad is theoretically much better in that sense.

First, stablecoin plays. There are a couple noteworthy, all having to do with @withAUSD. 1) Depositing into @upshift_fi's earnAUSD: 21% APR 2) LPing AUSD/earnAUSD on Uni V4: 50% APR 3) Various Lending on Morpho: 7-10% APR 4) AUSD/UST0 Uni V4: 21% 5) AUSD/USDC/USDT0 Curve: 13% Note: don't trust Merkl to be up to date with actual TVL numers. The AUSD/earnAUSD says it's 150K TVL but it's really $750K TVL, so instead of 340% APR, you're getting ~70%.

Next, a bit of @Morpho. You can do some vanilla lending if you'd like. 10-14% if you do. @SteakhouseFi is a fairly conservative curator, and hasn't gotten mixed up in anything bad yet. I imagine we'll see earnAUSD on there as collateral soon; that would be the major stable to loop, imo. Likewise when it hits @GearboxProtocol.

I want to like @LFJ_gg so bad. It's a great protocol, it just cannot, for the life of it, attract serious TVL. That said, there might be a few good plays here for the minnows. Maybe LPing a MON LST/LRT and shorting MON for a deltra neutral play? Maybe AUSD/USDC for 30% on 10K TVL? Unclear, but if you're a 3-4 figure strategist, there might be something there for you.

Remember yesterday when I made that IL EV calculator via Genesis? Well Uniswap has a pool on Monad that cranked out >600% average APR over the last 24 hours on USDC/ETH. So if you are farming that pair, you might consider bridging to where the volume and volatility is.

Strangely enough, @AccountableData has their own vault product on Monad. I don't fully understand it, so wouldn't necessarily call it a top farm play. BUT, it does get 12% APR in realizable yield and then some additional points from ACC (accountable) and MU that they're valuing at +10% additional. The strategy itself is doing all sorts of weird stuff that I now want to research, so go check it out I suppose.

Anywho, zero affiliates/ambassadors/sponsors mentioned. Just a post because I feel like Monad is the current thing to farm and wanted to toss my opinion into the ring. I hope all your turkeys thaw in time for Thanksgiving 🙏