# How I'm Using... $AVAX on AVAX *The simple, the complex, and unknown.* By [MinerXBT Report](https://paragraph.com/@minerxbt) ยท 2022-09-04 --- Yield Strategies on the Avalanche network are not hard to find. With a robust DeFi scene, there are several sources of sustainable yield. Liquidity markets like Aave, Benqi Finance, and Platypus Finance all offer potential strategies for users. **Liquid Staking on AVAX** AVAX has 2 options for liquid staking. _Benqi_ offers an sAVAX and Yield Yak offers a yyAVAX liquid staking solution. sAVAX has many more integration strategies at the moment. sAVAX and yyAVAX each yield ~7.5% apr (like a good beer). A delegation strategy via the P Chain allows for locked delegations yielding ~8% apr. **$sAVAX on AVAX** ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/226b765d-c641-45ba-841e-ff4caa8fe992_392x63.png)![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/e7eb0c56-91f4-44f7-837e-e1cce1de794e_480x127.png) Below is an overly simplified comparison of the average yield on sAVAX. Each strategy has different sources of yield and can be utilized to fit different investment goals. Products like _Yield Yak_ allow people to gain and hold solely AVAX. Products like _Platypus_, _Vector_, and _Echidna_ allow you to build more diverse portfolios by accumulating PTP and QI through inflationary rewards. ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/2651fad3-b962-42e5-912e-68474ba844c6_1200x800.png) Products from _Benqi_, _MoreMoney_, and _Aave_ allow you to collateralize your assets to borrow other assets. Benqi and Aave allow for a range of assets including USDC, USDT, wETH.e, wBTC.e, and LINK.e. ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/31875a35-6168-421c-921a-b1350d1415c4_756x507.png) _MoreMoney_ allows for a slightly different mechanism in which you borrow the stablecoin MONEY against deposited collateral. ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/e2108297-b9fb-415f-9ea5-7bb4531176ed_1064x628.png) **$yyAVAX on AVAX** Moremoney offers a CDP for yyAVAX for which MONEY can be borrowed against. Trader Joe has farming that uses yyAVAX and USDC in a double reward farm paying out in JOE and yyAVAX. I stake my JLP on Yield Yak to auto-compound the rewards ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/1442ba6b-38ae-4ba1-bd3c-e32a426f80a4_1125x969.jpeg) **$AVAX on AVAX** Native AVAX can also be deposited into _Aave, Benqi, Platypus, Moremoney_, and _Yield_ _Yak_. AVAX strategies are the most common, as it is the native asset. The highlighted strategies range from risky to safe, with the style of position playing a big role in safety. Single-sided staking is always safer than utilizing LPs, liquid staking, or CDPs. Platforms like Yield Yak specifically allow ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/1c870065-6746-450a-bdcb-731ac30a9c1c_1200x800.png)![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/51d51385-6e3b-4ecc-917e-821529a535df_475x129.png) **Collateralized Debt Position (CDP)** _Moremoney Finance_ offers a unique option for a CDP against deposited sAVAX. The stablecoin MONEY can be borrowed against deposited AVAX. MONEY can be staked for iMONEY which is an interest-bearing vault (yielding ~9%). For more MoreMoney content, see the previous article. ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/153c9841-36dd-45c2-bc77-6d1ef62813ce_1074x633.png) Teddy Cash and Yeti Finance offer up to 11x and 21x leverage opportunities on deposited $AVAX. These CDP protocols all you to borrow the native stable coin of each protocol. Both Yeti and Teddy are micro market cap token evaluations. ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/a30e1523-3193-46d1-8687-be482cfe0de5_1170x1097.jpeg) **Liquidity Providing (LP Token Yield Farming)** Liquidity Providers access to yields offer the ability to hold AVAX and sAVAX simultaneously. Pairing up equal parts of AVAX and sAVAX allows you to tell Liquidity Provider (LP) tokens. ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/92ea3203-c23e-4e90-9195-9bac688e4abb_1170x1084.jpeg) These tokens come with the risk of Impermanent Loss (IL). However, rates and emissions typically outweigh long-term IL risk when volatility is tracked together. ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/8fc44834-ed39-40c3-89df-a154bedc27b2_1200x800.png) My personal choices for yield fall on a range. As previously discussed in the _MoreMoney_ article, I enjoy utilizing the _MoreMoney_ platform to Loop and Bulk positions. My other strategies include staking my AVAX/sAVAX LP token on Yield Yak, to further compound the JOE into LP tokens. ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/c0876a4b-264b-49de-b3b9-72d3390385da_1170x1022.jpeg) Other LP positions I have open are the yyAVAX/USDC LP farming on Yield Yak and a small MORE/AVAX LP farming on Moremoney. ![](https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/739e964e-af03-47f9-b9ac-c3a2c5edb176_1200x800.png) Thanks for reading Miner's Monday Meeting article! Subscribe for free to receive new posts and support my work. --- *Originally published on [MinerXBT Report](https://paragraph.com/@minerxbt/how-im-using-dollaravax-on-avax)*