Earn Passive Income Farming on Curve.

Here's the deal: Curve's one of the best spots for passive income farming with stablecoins, 'cause it's super low slippage and pumps out solid APYs without much drama. You deposit stables like USDC or USDT into pools, earn trading fees plus CRV rewards, and sometimes extra tokens from the chain-think 5-15% APY on good days, way better than your bank. I usually start folks on Ethereum or a cheap chain like Polygon or Arbitrum, since gas is killer on mainnet sometimes (~$5-20 per tx, but drops to pennies on L2s). No BS, it's not get rich quick, but it's steady if you pick right pools.

Okay, step zero: MetaMask. Download it if you don't have it-it's free, works everywhere. Ledger or Coinbase Wallet too if you're fancy.

Fund it with stables. I like USDC or USDT 'cause they're pegged 1:1, no wild swings. Buy on Coinbase, send to your wallet. Pro tip: Bridge to Arbitrum or Optimism first for cheap fees. Use official bridges like Arbitrum's-takes 10 mins, costs like $1.

Why stables? Impermanent loss sucks less here. Remember that time ETH dumped 20%? Volatile pools wrecked folks. Stables? Pretty much chill.

Picking Your Chain-Don't Sleep on This

Curve's everywhere now. Ethereum's the OG but gas eats you alive. Polygon? Ultra low fees, 14% APY on some pools last I checked. Optimism gives OP tokens on top, like 7-10%.
  • Arbitrum: Fast, cheap. USDT/ETH pools at 5% CRV + fees.
  • Polygon: My go to for newbies. 14% on stables, gas under $0.01.
  • Optimism: ETH/stETH pairs, 1% CRV but 10% OP boost.
  • Avalanche: High volume, quick txs.

Quick Filter Trick

Hit curve.fi, pick your chain dropdown. Filter "USD" for stables only. Boom-pools sorted by APY, TVL, volume. Higher TVL = safer, less risk of rugs.

Sound familiar? Yeah, DeFi Llama shows Curve's top 3 in TVL. That's why deposits keep flowing in.

Step by Step: Depositing into a Pool

  1. Go to curve.fi. Pick chain, hit Pools tab.
  2. Scan for green pools-high APY, big TVL (over $100M ideal). Say, 3pool: USDC/USDT/DAI.
  3. Click Deposit. Connect wallet-top right button.
  4. Got one token? Use Swap tab first. USDC to USDT? 0.04% fee, near zero slippage. Approve, swap.
  5. Now deposit. Enter amounts-equal value, like $500 USDC + $500 USDT. It auto balances if imbalanced.
  6. Approve tokens (one time gas hit), then Deposit. Get LP tokens back. That's your receipt.
  7. Check Dashboard. See balances, pending rewards.

Takes 5 mins. First time? Gas ~$10 on Polygon. You'll see CRV accruing right away.

The thing is, pools need two+ tokens, but single token deposit? Curve wraps it for you. Magic.

Rewards: Claim 'Em Before They Dust

Okay, so fees from swaps (0.3% total, LPs get most) plus CRV emissions. Boost with veCRV if you lock CRV long term-ups to 2.5x yield, but that's advanced.

Claim weekly or when juicy. Dashboard > Claim. Auto compounds? Nah, manual. But hey, tools like Yearn or Beefy do it for you later.

APY Breakdown-Real Numbers

Pool ExampleBase APYCRV BoostExtra TokensTVL
3pool (ETH)3-5%+2-5%-$2B+
USDC/USDT (Polygon)10-14%+1%-$500M
stETH/ETH (Optimism)1%+1%10% OP$300M
USDT/ETH (Arbitrum)4%+3%-$1B

These fluctuate-check daily. Why does this matter? High volume pools pay steady fees.

Level Up: Lock for Boosts or Stake LP Tokens

Got LP tokens? Don't stop. Gauge page-stake 'em for extra CRV. 14-day lock min, but max boost at 4 years. I usually do 1-month for 1.5x.

Or zap to farms. Convex Finance auto everything: deposit LP, stake, compound. Higher yield (20%+ sometimes), but extra smart contract risk.

  • Yearn: One click vaults using Curve pools. Reinvests rewards to ETH.
  • Beefy: Similar, multi chain. 12-15% on stables.

In my experience, Yearn's killer for hands off. Deposit USDC, it loops through Curve + lending.

Common Screw Ups and Fixes

Gas spikes? Wait for low network traffic or switch chains. Polygon never fails me.

Slippage on deposit? Rare with stables, set 0.5% tolerance.

Impermanent loss? Stick to stables or pegged like stETH/ETH (1:1). Volatile? Avoid unless you're gambling.

Rewards not showing? Refresh dashboard, check pending txs on Etherscan (or chain explorer).

Wallet drain fear? Curve's audited, billions TVL. But always small test deposit first-$100.

Pulling Out-When and How

Want profits? Dashboard > Withdraw. LP to originals + rewards. Sell CRV on Curve swap, low fee.

Taxes? US folks, track everything-LP fees ordinary income, CRV cap gains. Tools like Koinly help.

Honestly, I farm $5k in 3pool, pull 8-10% yearly. Compounded? More. Bear market gold-stables hold value.

Advanced Plays: Looping and Aggregators

Looping: Borrow against LP, redeposit. Yearn does it auto-12%+ APR on SUI like, but Curve stables hit 15% looped.

Multi rewards? Pools with OP, ARB tokens stack. Filter by "Incentives" on site.

What's next? Monitor DefiLlama for top Curve pools. Rotate if APY dips under 5%.

One warning: Smart contract risks. Curve's solid, but flash loans can bite. Diversify pools.

Daily Routine-Keep It Simple

Morning check: APYs, claim if >$10. Weekly: Rebalance if imbalanced (Curve auto adjusts mostly).

I set alerts on Dune Analytics for pool volume drops. Lazy? Zap to Beefy, forget for months.

Scale up slow. Start $1k, learn kinks. Now you're farming passive like a pro.