Yeah, you earn the YFV token, which covers the impermanent loss, if any, on the Balancer contracts. You also earn vETH and vUSD in addition to the YFV.
What is nice about the Balancer contracts is that the weights can be other than 50%/50%, which is especially great for riskier token contracts.
So one can actually provide liquidity in a 49% RenBTC/ 49% wBTC/ 2% YFV contract, or something with ETH or Stablecoins.
Damn, I should take lessons from you when it comes to DeFi platforms :) I didn't go much into the yield farming thing, might need to catch up :)
As for Balancer - it would be awesome to build liquidity there but first we need much more WHIVE on Uniswap so the big boys can make their trades there - at least that's the plan!
I just started looking into it 2 days ago, after reading your post about the wETH/wHive pair on Uniswap. Wish I had learned about this DeFi thing sooner.
How are you making out with providing liquidity on Uniswap. Is it worth it?
Also, what is the ERC20 contract address if others want to be liquidity providers on Uniswap?
Thank you.
Hope to make a tutorial about it today :)