Defi Vaults

DeFi Vaults Issue #67

hatman321

Commented 2 years ago

I've been enjoying USDR's returns for about 3-4 months now. 25-30% usually. Combined with Pearl exchange's ve3,3 voting APR for another 200% APY... good deal.

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Defi Vaults

DeFi Vaults Issue #67

DeFi Vaults Issue #67

DeFi Market Research

defi

blockchain

yieldfarming

DeFi Kai

1 min read·August 15, 2023

⚡️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

@reserveprotocol

1/
Reserve has refreshed its brand, and has a new website. Experience it at reserve.org.

Drop in to the backstory

Security Researcher shares resources for understanding Lending markets:

anon

@ShieldifyAnon

DeFi Lending Concepts: Discussing:
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:

Sanjay P. #BGTH2023

@P23Sanjay

Why am I bullish on Thailand ?
- 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

@decryptmedia

Helium Mobile Debuts Crypto Wireless Network in Miami—For $5 a Month
► decrypt.co/152533/helium-…

decrypt.co

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:

0xlide.lens ฅ•ω•ฅ

@0xLide

Aave DAO is silly not to take issue with GHO's temporary depeg. If it's a stablecoin that depegs significantly even for a moment I wouldn't use it as a payment infrastructure. crvUSD is more suitable.

Sébastien Derivaux

@SebVentures

It's not so much that GHO is 3% below peg (which makes sense with the current design and subsidies), it is that the market don't believe governance will fix it in the next few months.
What do you think? Opportunity or trap?

Mert from Helius Labs interviews Anatoly to discuss the future of Solana:

rpc mert | helius.dev

@0xMert_

the best solana episode of the year is out now w @aeyakovenko

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:

Binance Labs Fund

@BinanceLabs

We’ve invested in @CurveFinance's CRV token with our full commitment to collaborate with the protocol and shape the future of the DeFi sector together.

Read more

binance.com

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.

hatman321

Commented 2 years ago

I've been enjoying USDR's returns for about 3-4 months now. 25-30% usually. Combined with Pearl exchange's ve3,3 voting APR for another 200% APY... good deal.