# DeFi Vaults Issue #67 *DeFi Market Research* By [Defi Vaults](https://paragraph.com/@defivaults) · 2023-08-15 defi, blockchain, yieldfarming --- ⚡️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](https://app.beefy.finance/vault/ramses-mai-usdc) pair on Beefy Finance (Via Arbitrum) has a 18% APY! It's also averaged a 19% APY since it's inception! ![](https://storage.googleapis.com/papyrus_images/4e475ae1fcfcc45d17c250f232b5aa54.png) ### 📑 Liquid Staked Tokens * **MATICx LP** - 4.8% ([StaderLabs](https://www.staderlabs.com/)) * **mSOL** - 7% ([Marinade.Finance](http://Marinade.Finance)) * **sAVAX** - 6% ([BENQI](https://staking.benqi.fi/stake)) * **frxETH - ~**5% ([Frax Finance](https://frax.finance/)) * **ETH+** - 3.7% ([Reserve Protocol](https://register.app/)) ### 📑 Stablecoin **Yields List** #### Ethereum * $eUSD+FRAX/USDC - **8% APY** ([BeefyFinance](https://app.beefy.finance/vault/convex-eusdfraxbp)) * $hyUSD/$eUSD - **14% APY** ([CurveFinance](https://curve.fi/#/ethereum/pools)) * $MIM/$DAI/$USDC/$USDT - **9% APY** ([BeefyFinance](https://app.beefy.finance/vault/convex-mim)) * $R-DAI - **9.6% APY** ([BeefyFinance](https://app.beefy.finance/vault/aura-r-dai)) * $TUSD/$DAI/$USDC/$USDT - **9.85% APY** ([BeefyFinance](https://app.beefy.finance/vault/convex-tusd)) * $USDT - **6.25% APY** ([IronBank](https://app.ib.xyz/lending)) #### **Polygon** * $DAI (gDAI vault) - **3% APY** ([GainsNetwork](https://gains.trade/vault)) * $DAI/$USDR - **APY N/A** ([BeefyFinance](https://app.beefy.finance/vault/pearl-dai-usdr)) * $jEUR/$PAR - **6.44% APY** ([BeefyFinance](https://app.beefy.finance/vault/balancer-jeur-par-v2)) * $MAI/$USDC - **1.35% APY** ([BeefyFinance](https://app.beefy.finance/vault/quick-gamma-usdc-mimatic-stable)) #### **Optimism** * $USDC (hot tub) - **3.10% APY** ([Perp Protocol](https://vaults.perp.com/arbeth-usdc)) * $jEUR/$agEUR - **5.42% APY** ([BeefyFinance](https://app.beefy.finance/vault/velodrome-v2-lusd-dai)) * $LUSD/$DAI - **5.5% APY** ([BeefyFinance](https://app.beefy.finance/)) * $LUSD/$USDC - **6.5% APY** ([BeefyFinance](https://app.beefy.finance/vault/velodrome-v2-usdc-lusd)) * $LUSD/$USDT - **8.10% APY** ([BeefyFinance](https://app.beefy.finance/vault/velodrome-v2-usdt-lusd)) * $MAI/$USDC - **12% 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)) #### **Arbitrum** * $agEUR/$USDC.e - **8.74% APY** ([BeefyFinance](https://app.beefy.finance/vault/solidlizard-ageur-usdc)) * $DAI - **6.9% APY** ([BeefyFinance](https://app.beefy.finance/vault/hop-arb-dai)) * $MAI/$USDC.e - **12% APY** ([BeefyFinance](https://app.beefy.finance/vault/ramses-mai-usdc)) * $MIM/$USDC.e/$USDT - **10.10% APY** ([BeefyFinance](https://app.beefy.finance/vault/spell-mim-crv)) **🧪 Yield Farming 101** ------------------------ ![](https://storage.googleapis.com/papyrus_images/683df75f71416f0817b51658028dd974.png) ### **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. 1. Create a basket with USDC/DAI, USDC/axlUSDC, and jEUR/PAR on Picnic 2. 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: [![User Avatar](https://pbs.twimg.com/profile_images/1691901616050569216/BxQqLUEl_normal.jpg)](https://twitter.com/reserveprotocol) [Reserve](https://twitter.com/reserveprotocol) [@reserveprotocol](https://twitter.com/reserveprotocol) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/reserveprotocol/status/1689686349568253967) 1/ Reserve has refreshed its brand, and has a new website. Experience it at [reserve.org](https://t.co/CqotlCZIyg). Drop in to the backstory ![🧵](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f9f5.png) ![](https://pbs.twimg.com/media/F3L37eKXoAMgIOx.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 274](https://twitter.com/reserveprotocol/status/1689686349568253967)[ 1:13 PM • Aug 10, 2023 ](https://twitter.com/reserveprotocol/status/1689686349568253967) Security Researcher shares resources for understanding Lending markets: [![User Avatar](https://pbs.twimg.com/profile_images/1672017302840135685/TRebyO5y_normal.jpg)](https://twitter.com/ShieldifyAnon) [anon](https://twitter.com/ShieldifyAnon) [@ShieldifyAnon](https://twitter.com/ShieldifyAnon) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/ShieldifyAnon/status/1690625215355584513) DeFi Lending Concepts: Discussing: How DeFi Lending Protocols Work - Two Parts: 1\. Lending and Borrowing: Link: [blog.smlxl.io/defi-lending-c…](https://t.co/VjYNiFfsoE) 2\. Liquidations: Link: [blog.smlxl.io/defi-lending-c…](https://t.co/tqlzcSstVI) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 90](https://twitter.com/ShieldifyAnon/status/1690625215355584513)[ 3:23 AM • Aug 13, 2023 ](https://twitter.com/ShieldifyAnon/status/1690625215355584513) Is Thailand the next hub for crypto? Sanjay shares his bullish take: [![User Avatar](https://pbs.twimg.com/profile_images/1670012394599493632/nP2gqBu-_normal.jpg)](https://twitter.com/P23Sanjay) [Sanjay P. #BGTH2023](https://twitter.com/P23Sanjay) [@P23Sanjay](https://twitter.com/P23Sanjay) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/P23Sanjay/status/1689928634893774850) Why am I bullish on Thailand ? \- over 2.9 million registered user on local exchange \- ranked 8th on Crypto Adoption index by [@chainalysis](https://twitter.com/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 ![](https://pbs.twimg.com/media/F3PVIqDbsAAxTUx.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 36](https://twitter.com/P23Sanjay/status/1689928634893774850)[ 5:15 AM • Aug 11, 2023 ](https://twitter.com/P23Sanjay/status/1689928634893774850) Helium Mobile launches unlimited text/talk and data for $5/month for Miami residents: [![User Avatar](https://pbs.twimg.com/profile_images/1673406784579465221/S5lJwKXi_normal.jpg)](https://twitter.com/decryptmedia) [Decrypt](https://twitter.com/decryptmedia) [@decryptmedia](https://twitter.com/decryptmedia) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/decryptmedia/status/1691480274054295553) Helium Mobile Debuts Crypto Wireless Network in Miami—For $5 a Month ► [decrypt.co/152533/helium-…](decrypt.co/152533/helium-… https://t.co/kl3LNwQxNi[ ![](https://pbs.twimg.com/card_img/1691480158073499651/dQlwdBhm?format=jpg&name=600x600) 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. ](https://t.co/kl3LNwQxNi) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 348](https://twitter.com/decryptmedia/status/1691480274054295553)[ 12:01 PM • Aug 15, 2023 ](https://twitter.com/decryptmedia/status/1691480274054295553) Aave's GHO stablecoin experiences depeg: [![User Avatar](https://pbs.twimg.com/profile_images/1596425142405836800/SdRkQgQB_normal.jpg)](https://twitter.com/0xLide) [0xlide.lens ฅ•ω•ฅ](https://twitter.com/0xLide) [@0xLide](https://twitter.com/0xLide) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/0xLide/status/1690300235355181056) 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. [![User Avatar](https://pbs.twimg.com/profile_images/1510976121361342477/-UQVbAuh_normal.jpg)](https://twitter.com/SebVentures) [Sébastien Derivaux](https://twitter.com/SebVentures) [@SebVentures](https://twitter.com/SebVentures) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/SebVentures/status/1690272566131265538) 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? ![](https://pbs.twimg.com/media/F3ULeOFXwAAWwyn.png) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 2](https://twitter.com/0xLide/status/1690300235355181056)[ 5:52 AM • Aug 12, 2023 ](https://twitter.com/0xLide/status/1690300235355181056) Mert from Helius Labs interviews Anatoly to discuss the future of Solana: [![User Avatar](https://pbs.twimg.com/profile_images/1683993645236490240/lAk6r52b_normal.jpg)](https://twitter.com/0xMert_) [rpc mert | helius.dev](https://twitter.com/0xMert_) [@0xMert\_](https://twitter.com/0xMert_) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/0xMert_/status/1689643151819255808) the best solana episode of the year is out now w [@aeyakovenko](https://twitter.com/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 ![](https://pbs.twimg.com/media/F3LRCsLbYAIHaF6.png) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 360](https://twitter.com/0xMert_/status/1689643151819255808)[ 10:21 AM • Aug 10, 2023 ](https://twitter.com/0xMert_/status/1689643151819255808) Binance Labs buys CRV to help Curve recover: [![User Avatar](https://pbs.twimg.com/profile_images/1128152650380234753/jVgSxCc0_normal.png)](https://twitter.com/BinanceLabs) [Binance Labs Fund](https://twitter.com/BinanceLabs) [@BinanceLabs](https://twitter.com/BinanceLabs) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/BinanceLabs/status/1689638339539095553) We’ve invested in [@CurveFinance](https://twitter.com/CurveFinance)'s CRV token with our full commitment to collaborate with the protocol and shape the future of the DeFi sector together. Read more![👇](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f447.png)[ ![](https://pbs.twimg.com/card_img/1689635037338349568/lRZb6r61?format=png&name=800x320_1) 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. ](https://t.co/39q08pqwUF) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 1,169](https://twitter.com/BinanceLabs/status/1689638339539095553)[ 10:02 AM • Aug 10, 2023 ](https://twitter.com/BinanceLabs/status/1689638339539095553) * * * --- *Originally published on [Defi Vaults](https://paragraph.com/@defivaults/defi-vaults-issue-67)*