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One thing I’ve learned farming DeFi over the last few cycles: The best yields usually show up before the crowd even realizes.
Once the protocol goes fully public or near TGE, liquidity floods in, pools fill quickly, and APYs go down. By that point, the “easy” part of the opportunity is usually gone.
That’s why I tend to pay attention when a project starts opening access in stages.
Went back to check @EuclidProtocol today and realized their Phase 2 just expanded access to around 155k Passport holders. The private mainnet is already live with swaps, LP, missions.
The testnet numbers are good:
• 18M+ transactions
• ~350k monthly active users
Now Phase 2 is basically the first time that activity starts transitioning into real liquidity on the private mainnet.
From a farming perspective, the part I usually watch is the early LP window.
Right now pools are still relatively early and liquidity depth is growing as more Passport holders start providing capital. According to their roadmap, the full public mainnet & TGE isn’t expected until H1 2026, so the ecosystem is starting to take shape but the broader market hasn’t piled in yet.
Access is currently gated through the Euclid Passport NFT since minting is closed. Here are some useful links I’ve compiled:
» OpenSea:
» MagicEden:
» You can explore the missions and LP activity here too:
Use my referral to do transactions and gain bonuses: EUCLIDEAN086268
Disclosure: I own Euclid Passport, have been farming and received benefits. NFA, DYOR.

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