⚡️What’s new?⚡️
🏦 Stablecoin Vault Spotlight: USDT/USDC.e 14% APY!
🧪 Yield Farming 101: Weighted Stablecoin basket via Picnic Protocol
🐦 Last Week in Crypto Twitter (CT): Reserve Protocol rebrand, Bullish case for crypto in Thailand, Solana developer interviews Anatoly, and more
🏦 USDT/USDC.e 14% APY!
The MAI/USDC.e pair on Beefy Finance (Via Arbitrum) has a 18% APY! It's also averaged a 19% APY since it's inception!
📑 Liquid Staked Tokens
MATICx LP - 4.8% (StaderLabs)
mSOL - 7% (Marinade.Finance)
sAVAX - 6% (BENQI)
frxETH - ~5% (Frax Finance)
ETH+ - 3.7% (Reserve Protocol)
📑 Stablecoin Yields List
Ethereum
$eUSD+FRAX/USDC - 8% APY (BeefyFinance)
$hyUSD/$eUSD - 14% APY (CurveFinance)
$MIM/$DAI/$USDC/$USDT - 9% APY (BeefyFinance)
$R-DAI - 9.6% APY (BeefyFinance)
$TUSD/$DAI/$USDC/$USDT - 9.85% APY (BeefyFinance)
$USDT - 6.25% APY (IronBank)
Polygon
$DAI (gDAI vault) - 3% APY (GainsNetwork)
$DAI/$USDR - APY N/A (BeefyFinance)
$jEUR/$PAR - 6.44% APY (BeefyFinance)
$MAI/$USDC - 1.35% APY (BeefyFinance)
Optimism
$USDC (hot tub) - 3.10% APY (Perp Protocol)
$jEUR/$agEUR - 5.42% APY (BeefyFinance)
$LUSD/$DAI - 5.5% APY (BeefyFinance)
$LUSD/$USDC - 6.5% APY (BeefyFinance)
$LUSD/$USDT - 8.10% APY (BeefyFinance)
$MAI/$USDC - 12% APY (BeefyFinance)
Avalanche
$MAI/$DAI$USDC/$USDT - 4% APY (BeefyFinance)
$MAI/ $USDC - 6.5% APY (BeefyFinance)
$MIM/$USDT - 16% APY (TraderJoe)
Arbitrum
$agEUR/$USDC.e - 8.74% APY (BeefyFinance)
$DAI - 6.9% APY (BeefyFinance)
$MAI/$USDC.e - 12% APY (BeefyFinance)
$MIM/$USDC.e/$USDT - 10.10% APY (BeefyFinance)
🧪 Yield Farming 101
Strategy
Picnic protocol, on Polygon, allows you to create custom weighted baskets of yield bearing assets. We can use Picnic to create a basket of diversified stable coins. All rewards are auto-compounded into the original position with the ability to rebalance at later dates.
Create a basket with USDC/DAI, USDC/axlUSDC, and jEUR/PAR on Picnic
Watch the basket and rebalance with other assets to achieve your desired APY
Risks:
Stablecoin depeg risk
Smart contract risk
🐦 Last Week in Crypto Twitter (CT)
Reserve Protocol rebrand:
Reserve has refreshed its brand, and has a new website. Experience it at reserve.org.
Drop in to the backstory
274
Security Researcher shares resources for understanding Lending markets:
How DeFi Lending Protocols Work - Two Parts:
1. Lending and Borrowing:
Link: blog.smlxl.io/defi-lending-c…
2. Liquidations:
Link: blog.smlxl.io/defi-lending-c…
Is Thailand the next hub for crypto? Sanjay shares his bullish take:
- over 2.9 million registered user on local exchange
- ranked 8th on Crypto Adoption index by @chainalysis
- one of the first countries with licenses regulated by Thai SEC
- 2 of the local largest bank (Kbank, SCB ) have dedicated fund into web3
Helium Mobile launches unlimited text/talk and data for $5/month for Miami residents:
► decrypt.co/152533/helium-…" target="_blank">decrypt.co/152533/helium-… https://t.co/kl3LNwQxNi
Helium Mobile Debuts Crypto Wireless Network in Miami—For $5 a Month - Decrypt
Powered by the Helium network, the hybrid mobile carrier takes its first public steps with a cheap unlimited plan and crypto token rewards.
Aave's GHO stablecoin experiences depeg:
What do you think? Opportunity or trap?
Mert from Helius Labs interviews Anatoly to discuss the future of Solana:
we talk about:
- Solana vs L2s
- why Toly is still here
- when Toly would deem Solana a "success"
- Solana BD criticisms
- Toly's biggest Solana fear
- decentralization
- Solana's ultimate vision and thesis
Binance Labs buys CRV to help Curve recover:
Read more
Binance Labs Invests $5M in Curve DAO Token (CRV) and Supports Curve Deployment to BNB Chain |...
Binance Labs has invested $5M in Curve DAO Token (CRV), a token of Curve, the largest stableswap and second-largest DEX.