# DeFi Vaults Issue #66 *DeFi Market Research* By [Defi Vaults](https://paragraph.com/@defivaults) · 2023-08-07 defi, yieldfarming --- ⚡️What’s new?⚡️ --------------- 🏦 **Stablecoin Vault Spotlight:** MIM/USDC.e/USDT **8% APY** **🧪 Yield Farming 101:** 'Balancer Boosted Aave V3 USD' Yield Strategy 🐦 **Last Week in Crypto Twitter (CT):** New Ethereum Bitcoin Bridge, 0xMantle: the new L2 catching buzz on CT, Curve hack postmortem and more * * * 🏦 MIM/USDC.e/USDT **9% APY!** ------------------------------ We talked about the [**MIM/USDC.e/USDT**](https://app.beefy.finance/vault/spell-mim-crv) vault on Beefy (_via Arbitrum_) last week while it was at 8.73%, and now it currently still sits at **8.63% APY**. It's TVL increased by $100k and the TVL now sits at ~$2.3M. It's also worth noting, **this vault has remained above a 4.5% APY for 3 months and counting!** _Note: USDC.e is a token representing USDC on Avalanche that was bridged from the Ethereum blockchain via the_ Avalanche Bridge. [![](https://storage.googleapis.com/papyrus_images/f6945d4c4eb9c7b81d17ce349f089459.png)](https://app.powerbi.com/view?r=eyJrIjoiNGUwODU3OTMtNmRkOC00NzZhLTllZmMtNWZiY2QxNmE2NmZiIiwidCI6ImJiMDA4MTE1LTkwMWEtNGU4Yy1hNWVlLTRlYzg1Y2FhZDA3NCIsImMiOjF9) [View Stablecoin dashboard](https://app.powerbi.com/view?r=eyJrIjoiNGUwODU3OTMtNmRkOC00NzZhLTllZmMtNWZiY2QxNmE2NmZiIiwidCI6ImJiMDA4MTE1LTkwMWEtNGU4Yy1hNWVlLTRlYzg1Y2FhZDA3NCIsImMiOjF9) ### 📑 Liquid Staked Tokens * **MATICx LP** — 4.7% ([StaderLabs](https://www.staderlabs.com/)) * **mSOL** —6% ([Marinade.Finance](http://Marinade.Finance)) * **sAVAX**— 6% ([BENQI](https://staking.benqi.fi/stake)) * **frxETH— ~**5% ([Frax Finance](https://frax.finance/)) * **ETH+** — 3.4% ([Reserve Protocol](https://register.app/)) ### 📑 Stablecoin **Yields List** #### Ethereum * $eUSD+FRAX/USDC - **10.25% APY** ([BeefyFinance](https://app.beefy.finance/vault/convex-eusdfraxbp)) * $hyUSD/$eUSD - **10.25% APY** ([CurveFinance](https://curve.fi/#/ethereum/pools)) * $MIM/$DAI/$USDC/$USDT - **10.3% APY** ([BeefyFinance](https://app.beefy.finance/vault/convex-mim)) * $R-DAI - **9.9% APY** ([BeefyFinance](https://app.beefy.finance/vault/aura-r-dai)) * $TUSD/$DAI/$USDC/$USDT - **11.13% APY** ([BeefyFinance](https://app.beefy.finance/vault/convex-tusd)) * $USDT - **6% APY** ([IronBank](https://app.ib.xyz/lending)) #### **Polygon** * $DAI (gDAI vault) - **4% APY** ([GainsNetwork](https://gains.trade/vault)) * $DAI/$USDR - **APY N/A** ([BeefyFinance](https://app.beefy.finance/vault/pearl-dai-usdr)) * $jEUR/$PAR - **7.3% APY** ([BeefyFinance](https://app.beefy.finance/vault/balancer-jeur-par-v2)) * $MAI/$USDC - **1% APY** ([BeefyFinance](https://app.beefy.finance/vault/quick-gamma-usdc-mimatic-stable)) #### **Optimism** * $USDC (hot tub) - **19.5% APY** ([Perp Protocol](https://vaults.perp.com/arbeth-usdc)) * $jEUR/$agEUR - **5.7% APY** ([BeefyFinance](https://app.beefy.finance/vault/velodrome-v2-lusd-dai)) * $LUSD/$DAI - **5.5% APY** ([BeefyFinance](https://app.beefy.finance/)) * $LUSD/$USDC - **6.3% APY** ([BeefyFinance](https://app.beefy.finance/vault/velodrome-v2-usdc-lusd)) * $LUSD/$USDT - **9.37% APY** ([BeefyFinance](https://app.beefy.finance/vault/velodrome-v2-usdt-lusd)) * $MAI/$USDC - **10.7% APY** ([BeefyFinance](https://app.beefy.finance/vault/ramses-mai-usdc)) #### **Avalanche** * $MAI/$DAI$USDC/$USDT - **4% APY** ([BeefyFinance](https://app.beefy.finance/vault/mai-avax-mai-crv)) * $MAI/ $USDC - **6.5% APY** ([BeefyFinance](https://app.beefy.finance/vault/solisnek-mai-usdc)) * $MIM/$USDT - **16% APY** ([TraderJoe](https://traderjoexyz.com/avalanche)) * $USDT/ $USDC - **4.75% APY** ([BeefyFinance](https://app.beefy.finance/vault/solisnek-usdt-usdc)) #### **Arbitrum** * $agEUR/$USDC.e - **3.30% APY** ([BeefyFinance](https://app.beefy.finance/vault/solidlizard-ageur-usdc)) * $DAI - **10.38% APY** ([BeefyFinance](https://app.beefy.finance/vault/hop-arb-dai)) * $MAI/$USDC.e - **10.79% APY** ([BeefyFinance](https://app.beefy.finance/vault/ramses-mai-usdc)) * $MIM/$USDC.e/$USDT - **9.59% APY** ([BeefyFinance](https://app.beefy.finance/vault/spell-mim-crv)) 🧪 **'Balancer Boosted Aave V3 USD' Yield Strategy** ---------------------------------------------------- ![](https://storage.googleapis.com/papyrus_images/b6a293bc6df99c17065036fe256683ec.png) ### **Strategy** The Balancer Boosted Aave V3 USD pool is a basket of the three most popular stablecoins (DAI, USDC, and USDC), and the pool is also receiving high ARB and BAL emissiions for stakers. You can direct your rewards to gDAI, and GLP to expand your portfolio into more stablecoins and bluechip assets. 1. Deposit USDC into the Balancer Boosted Aave V3 USD pool on [Balancer](https://app.balancer.fi/#/arbitrum/pool/0xc6eee8cb7643ec2f05f46d569e9ec8ef8b41b389000000000000000000000475) 2. Swap $BAL rewards for DAI on [Uniswap](https://app.uniswap.org/) a. Stake DAI for gDAI on [Gains Network](https://gains.trade/vault) 3. Swap $ARB rewards for USDC on [Uniswap](https://app.uniswap.org/) a. Buy $GLP on [GMX](https://gmx.io/#/) b. Stake GLP on [GMX](https://gmx.io/#/) ### **Risks:** * Stablecoin depeg risk * Smart contract risk 🐦 **Last Week in Crypto Twitter (CT)** --------------------------------------- There is now a 2-way bridge between Ethereum and Bitcoin. Saying that this is huge is an understatement. Exchange of value between these two chains, which I believe will remain dominant, is going to be essential for larger players to get involved. Great development, cool innovation, and hopefully we can look forward to more to come! [![User Avatar](https://pbs.twimg.com/profile_images/1630603735004221441/ZSDkRfuO_normal.jpg)](https://twitter.com/Andercot) [Andrew Cote](https://twitter.com/Andercot) [@Andercot](https://twitter.com/Andercot) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/Andercot/status/1684339092635496449) Superconducting magnet engineer chiming in. This result could be very big news, and overnight revolutionize all of electronics and energy. It might not. Here's a mental model for the non-expert to understand what's going on. RTAPS: The good, the bad, and the ugly: ![🧵](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f9f5.png) ![](https://pbs.twimg.com/media/F1_x7PkWAAAtXkc.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 6,445](https://twitter.com/Andercot/status/1684339092635496449)[ 7:05 PM • Jul 26, 2023 ](https://twitter.com/Andercot/status/1684339092635496449) Dr. Doom’s trading threads of the week: [![User Avatar](https://pbs.twimg.com/profile_images/1532659895832543234/BZevAduj_normal.jpg)](https://twitter.com/thedefivillain) [VIKTOR](https://twitter.com/thedefivillain) [@thedefivillain](https://twitter.com/thedefivillain) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/thedefivillain/status/1684521900469284865) Tweets/threads about crypto trading I found interesting in the past few days : [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 80](https://twitter.com/thedefivillain/status/1684521900469284865)[ 7:11 AM • Jul 27, 2023 ](https://twitter.com/thedefivillain/status/1684521900469284865) A new L2 is catching some buzz on CT and I have no idea what it is. Some decent alpha here about this early ecosystem. Intriguing enough to maybe get me on the computer to explore. Let’s get a short summary together: [![User Avatar](https://pbs.twimg.com/profile_images/1504139683751763971/YDAbI0Ay_normal.jpg)](https://twitter.com/alpha_pls) [Aylo](https://twitter.com/alpha_pls) [@alpha\_pls](https://twitter.com/alpha_pls) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/alpha_pls/status/1684864504532807681) Another Ethereum L2 has launched on mainnet. There's a lot that makes [@0xMantle](https://twitter.com/0xMantle) stand out. Everything you need to know in 5 minutes ![🧵](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f9f5.png) ![](https://pbs.twimg.com/media/F2HO3_sXYAA8Qc9.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 215](https://twitter.com/alpha_pls/status/1684864504532807681)[ 5:52 AM • Jul 28, 2023 ](https://twitter.com/alpha_pls/status/1684864504532807681) Degen Sensei’s short and sweet summary of their current interests in this market: [![User Avatar](https://pbs.twimg.com/profile_images/1622011561421295621/bxif8I51_normal.jpg)](https://twitter.com/DegenSensei) [Degen Sensei | DeFi Scavenger 🔎](https://twitter.com/DegenSensei) [@DegenSensei](https://twitter.com/DegenSensei) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/DegenSensei/status/1685298561703911425) LSDfi: $LBR Omnichain lending $RDNT (TAP could break into here) Perps/Derivatives $GMX $LVL DEX $GRAIL ( $JOE could make it) Yield trading $PENDLE (not new) NFTfi (dark horse) $PRTC Cooked this up on a whim but will probably create a proper post that goes deeper into why… [![User Avatar](https://pbs.twimg.com/profile_images/1580941272717500417/l3tSh_PN_normal.jpg)](https://twitter.com/FroyoFren) [Ice](https://twitter.com/FroyoFren) [@FroyoFren](https://twitter.com/FroyoFren) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/FroyoFren/status/1685292191881826304) Let’s hear em [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 128](https://twitter.com/DegenSensei/status/1685298561703911425)[ 10:37 AM • Jul 29, 2023 ](https://twitter.com/DegenSensei/status/1685298561703911425) Richard Heart gets sued by the SEC for the securities fraud HEX. Thank god his bad choice in clothing can be punished [![User Avatar](https://pbs.twimg.com/profile_images/1491414089888940032/pQyeRFNF_normal.jpg)](https://twitter.com/NickDrakon) [Nick Drakon](https://twitter.com/NickDrakon) [@NickDrakon](https://twitter.com/NickDrakon) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/NickDrakon/status/1686019647856926720) Richard Heart sued by SEX for securities fraud. Timebomb ticking for lots of other charlatans in this space. ![](https://pbs.twimg.com/media/F2Xxm6IWcAAhfyU.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 63](https://twitter.com/NickDrakon/status/1686019647856926720)[ 10:23 AM • Jul 31, 2023 ](https://twitter.com/NickDrakon/status/1686019647856926720) Due to a bug in the Vyper code, multiple Curve pools were drained by a hacker on July 30th. Here is the post mortem: [ ![](https://uploads-public.hackmd.io/upload_c022f1a31209d627d1952da185a6244f.png) https://hackmd.io Curve Pool Reentrancy Exploit Postmortem July 30th, 2023 - HackMD ----------------------------------------------------------------- On July 30th at 16:44 UTC, Vyper foundation acknowledged a bug affecting Vyper versions 0.2.15, 0.2.16, and 0.3.0. ](https://hackmd.io/@LlamaRisk/BJzSKHNjn) * * * **Read more:** [ ![](https://deficryptovaults.com/wp-content/uploads/2023/03/Stable-coin-yield-farming.png) https://deficryptovaults.com Stablecoin Yield Farming 101: Earning Interest on Stable Digital Assets ----------------------------------------------------------------------- With the explosive growth of decentralized finance (DeFi), it's now possible to earn impressive returns on your stable assets through stablecoin yield farming. Stablecoin yield farming (stable farming) is the DeFi equivalent of a high-yield savings account. By using stablecoins, which are pegged to a stable asset like the US dollar, you can earn a high upside for relatively low risk. ](https://deficryptovaults.com/stablecoin-yield-farming-101/) --- *Originally published on [Defi Vaults](https://paragraph.com/@defivaults/defi-vaults-issue-66)*