Quarry

Yield Aggregator

Quarry provides tools to maximize DeFi yields through automatic re-investment of incentives, rewards and other types of payouts.

Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
Quarry is the easiest place for Solana users to discover, farm, as well as launch their own liquidity mining programs.
What we like less
Quarry does not currently have a governance token for users to impact the protocol's future direction.
What it means for you
Offers you a simple user interface to easily discover and farm yield from top Solana protocols.
Information
Exploit/Hacks
None
Info
Key Metrics
  • TVL: $15.4M (Rank #131)
  • TVL Ranking by Yield Aggregator: #0
  • Blockchain: Solana
  • Chain TVL
    • Solana: $15.43M
Risk Assessment
Watch Out
Protocol Code Quality
  • Code reviewed by at least one experienced auditor; Quantstamp audited in December 2021
  • Anonymous team reduces transparency
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched in 2022; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 10% by total value locked reduces risk
  • Core contracts can be upgraded with just an EOA wallet
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • No governance token and/or contracts are fully immutable
Protocol Design
  • No death spiral concerns
  • This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
  • Quarry helps third-party protocols run and manage incentive programs to reward liquidity providers
Things to know about Quarry

How Quarry works

Quarry is a user interface that serves to be the defacto DeFi hub for all yield farming activity on Solana. The protocol has succesfully partnered with two of the largest protocols on Solana including Saber and Marinade. Quarry provides a simple way for users to earn yield with their liquidity provider (LP) tokens on Solana by farming protocol rewards.

How Quarry makes money

The protocol has not provided any information on whether or not they charge any fees on the yield earned.

How you make money on Quarry

You make money by depositing LP tokens from various Solana protocols on Quarry.