Liquidity Optimiser - veJOE boosted farms

A Yield Yak community product

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This calculator is intended to allow the user to optimise where they choose to farm their Trader Joe veJOE-boosted LPs.

When it comes to farming LP tokens, there are many more options than just staking on Trader Joe itself and many auto-compounders (such as Yield Yak) do the heavy lifting for you by selling the reward tokens for more LP tokens (i.e. adding more liquidity to the pool), so that in the end, you deposit JLP and exit with more JLP than you started with. We cannot accept liability for any SC risks that arise from actions taken as a result of data shown in this calculator. DYOR.

There are already benefits to using an auto-compounder, but what's particularly special about the veJOE boosted farms is that yield optimisers like Yield Yak can accrue huge amounts of veJOE, the likes of which are normally only in the possession of whales. This allows users with more modest holdings to benefit from veJOE boosts.

About the calculator
Inputting your address above and clicking the "Refresh Data" button will retrieve the latest information available about your veJOE balance and your holdings in Trader Joe boosted farms (if you have staked directly with Trader Joe itself), as well as overall information about each of the boosted farms.

The calculator displays APR values, and for a selected list of third party protocols shows their TVL and veJOE accrual - and calculates the boost that those farms are receiving. It also calculates your potential gain if you moved your liquidity. If you have liquidity with Trader Joe then the "Move LPs" option will be enabled by default, otherwise it will calculate for adding liquidity.

Move Liquidity - Calculating the highest yield option is not as simple as just comparing the boost APR you currently receive against the boost APR that other options currently receive. Whilst moving liquidity from a native Trader Joe position to depositing it on a third party will not have any impact on the Pool APR or the TJ APR, it does affect the Boosted APR, though the smaller your holding, the less of an impact this will have. This calculator figures displays the Boost APR in the event that you moved your liquidity, which is more useful than simply knowing what the Boost APR is now. It compares this new Boost APR against what you currently receive and then calculates the potential annualised gains from making the switch.

*There are a few caveats here to be aware of:

  • Fees - all of the options charge fees for auto-compounding, and in some cases they also charge a fee for these boosted farms specifically (so that they can get even more veJOE over time). These are not accounted for in the figures shown.
  • These figures do not account for the additional compounding effects that auto-compounders like Yield Yak make use of - these would push the APY higher than shown.
  • In some cases, protocols are offering additional incentives in their own token for staking LP tokens on their platform. The values shown here are related to the rewards (in JOE) coming from Trader Joe only (i.e. Pool APR, Joe APR, and Boost APR).

  • Add liquidity - Using the add liquidity option shows what you'd achieve if you added new liquidity ($ value of LP tokens) into the various available options. In this case you will notice the Pool APR and TJ APR also decreasing slightly as the amount you add increases. The comparison done in this case is about where you should add this additional liquidity. Specifically it compares your annualised returns in the event that you add it to your existing staked JLP tokens with Trader Joe versus if you added it via a third party option such as Yield Yak. This difference is what is shown for the annualised gain in this case.

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    If you like what you've seen and feel that it has helped you optimise your liquidity, please consider making a donation to this address:
    0xcaA9Af8039143C92Ba7bca81fCEe845EEC516090