Anyone holding stable USDC or USDT, check out farming yields of 25%+++ and airdrops: ✅ @ethena_labs Season 3 (ends March 2025) ✅ @derivexyz Superchain (ends January 15, 2025)

Both are trending protocols worth keeping an eye on.

Many people have started taking profit on various tokens. If you have stablecoins, consider which farm suits you. This strategy could be a good option.

https://x.com/0x_nanobro/status/1836791912738754809

Here’s a brief explanation:

1)Stake USDe to get sUSDeStake USDe to convert it into sUSDe, earning a yield of approximately 27% (depending on the current funding rate). You’ll also receive Ethena points during this process.

2)Deposit sUSDe on DeriveDeposit sUSDe on Derive to earn additional points. The yield generated can be used for an automated options strategy. 📈 This could result in the yield from Step 1 fluctuating between 0-2.5x. 🛡️ Meanwhile, the principal remains protected.

Let’s go through each step in detail! 👇

1)Easiest Way to Get USDeUse USDC or USDT to purchase USDe on Bybit.

Register to receive Ethena points (ref):http://app.ethena.fi/join/qx92z

Then, stake USDe to receive sUSDe:https://app.ethena.fi/earn

Once you have sUSDe, get ready to farm Derive points for the next step.

💡 Tips:You can deposit directly into Derive from ETH Mainnet,but... Depositing from Arbitrum is cheaper on gas and more flexible for repositioning.

Bridge sUSDe using Stargate.

https://stargate.finance/bridge?srcChain=ethereum&srcToken=0x9D39A5DE30e57443BfF2A8307A4256c8797A3497&dstChain=arbitrum&dstToken=0x211Cc4DD073734dA055fbF44a2b4667d5E5fE5d2

2)Register on Derive (ref):https://derive.xyz/invite/9DNI6

You’ll see a Deposit Now button. You can simply deposit and leave it, but I recommend using the sUSDe Bull strategy.

👇

https://www.derive.xyz/

3)sUSDe Bull This is an automated strategy that uses the yield from sUSDe to execute a "bull call spread" strategy: https://derive.xyz/vault/susdebull Benefits:

Earn 2x Derive points. Continue earning Ethena points as usual. Scenarios:

📈 If ETH rises, your yield increases, up to a maximum of 2.5x. 📊 If ETH remains stable, you earn the base yield from sUSDe (~25%). 📉 If ETH drops by more than $100, you lose the yield from sUSDe.

✅ Principal remains protected. This essentially offers a free option strategy promotion!

*The strategy is automated on a weekly basis. If you join mid-cycle, you might notice some discrepancies—don’t worry!
For example, I joined when ETH was at $3,800, and now ETH has dropped by >5%. As a result, my principal has decreased by 0.2%.

This strategy works particularly well when ETH is on the rise.At the time of writing, ETH is priced at $3,400.📈 I think it’s a good time to start!

Risks to Consider in This Strategy:

-Execution Risk: Potential mismanagement or oracle errors during execution. -sUSDe Risk: If @ethena_labs fails or collapses. -Bridge Risk: Vulnerabilities or failures while bridging assets.- Smart Contract Risk: Bugs or exploits in the smart contracts involved.

By farming on Derive, you’ll earn 5x Ethena points. (If you only deposit on Ethena, you’ll earn just 2x points.)

Additionally, depositing $ENA can boost your Ethena points even further. However, I don’t recommend it, as the focus here is purely on farming stablecoins.

The automation runs every Friday around 3 PM.Yesterday, the market was dropping, so when I checked the platform,I saw the yield at 0%.

Today, the yield has risen to 39% because the market slightly recovered.

✅ As you can see, unless there's a prolonged downtrend, the yield will generally be better than just holding sUSDe.

✅ Even in a downtrend, we still earn ENA and Derive points.👉 The Derive campaign ends on January 15, 2025.

Enjoy this? follow for more at @gadgeteerth @0x_nanobro

Anyone holding stable USDC or USDT, check out farming yields of 25%+++ and airdrops: ✅ @ethena_labs Season 3 (ends March 2025) ✅ @derivexyz Superchain (ends January 15, 2025)

Both are trending protocols worth keeping an eye on.

Many people have started taking profit on various tokens. If you have stablecoins, consider which farm suits you. This strategy could be a good option.

https://x.com/0x_nanobro/status/1836791912738754809

Here’s a brief explanation:

1)Stake USDe to get sUSDeStake USDe to convert it into sUSDe, earning a yield of approximately 27% (depending on the current funding rate). You’ll also receive Ethena points during this process.

2)Deposit sUSDe on DeriveDeposit sUSDe on Derive to earn additional points. The yield generated can be used for an automated options strategy. 📈 This could result in the yield from Step 1 fluctuating between 0-2.5x. 🛡️ Meanwhile, the principal remains protected.

Let’s go through each step in detail! 👇

1)Easiest Way to Get USDeUse USDC or USDT to purchase USDe on Bybit.

Register to receive Ethena points (ref):http://app.ethena.fi/join/qx92z

Then, stake USDe to receive sUSDe:https://app.ethena.fi/earn

Once you have sUSDe, get ready to farm Derive points for the next step.

💡 Tips:You can deposit directly into Derive from ETH Mainnet,but... Depositing from Arbitrum is cheaper on gas and more flexible for repositioning.

Bridge sUSDe using Stargate.

https://stargate.finance/bridge?srcChain=ethereum&srcToken=0x9D39A5DE30e57443BfF2A8307A4256c8797A3497&dstChain=arbitrum&dstToken=0x211Cc4DD073734dA055fbF44a2b4667d5E5fE5d2

2)Register on Derive (ref):https://derive.xyz/invite/9DNI6

You’ll see a Deposit Now button. You can simply deposit and leave it, but I recommend using the sUSDe Bull strategy.

👇

https://www.derive.xyz/

3)sUSDe Bull This is an automated strategy that uses the yield from sUSDe to execute a "bull call spread" strategy: https://derive.xyz/vault/susdebull Benefits:

Earn 2x Derive points. Continue earning Ethena points as usual. Scenarios:

📈 If ETH rises, your yield increases, up to a maximum of 2.5x. 📊 If ETH remains stable, you earn the base yield from sUSDe (~25%). 📉 If ETH drops by more than $100, you lose the yield from sUSDe.

✅ Principal remains protected. This essentially offers a free option strategy promotion!

*The strategy is automated on a weekly basis. If you join mid-cycle, you might notice some discrepancies—don’t worry!
For example, I joined when ETH was at $3,800, and now ETH has dropped by >5%. As a result, my principal has decreased by 0.2%.

This strategy works particularly well when ETH is on the rise.At the time of writing, ETH is priced at $3,400.📈 I think it’s a good time to start!

Risks to Consider in This Strategy:

-Execution Risk: Potential mismanagement or oracle errors during execution. -sUSDe Risk: If @ethena_labs fails or collapses. -Bridge Risk: Vulnerabilities or failures while bridging assets.- Smart Contract Risk: Bugs or exploits in the smart contracts involved.

By farming on Derive, you’ll earn 5x Ethena points. (If you only deposit on Ethena, you’ll earn just 2x points.)

Additionally, depositing $ENA can boost your Ethena points even further. However, I don’t recommend it, as the focus here is purely on farming stablecoins.

The automation runs every Friday around 3 PM.Yesterday, the market was dropping, so when I checked the platform,I saw the yield at 0%.

Today, the yield has risen to 39% because the market slightly recovered.

✅ As you can see, unless there's a prolonged downtrend, the yield will generally be better than just holding sUSDe.

✅ Even in a downtrend, we still earn ENA and Derive points.👉 The Derive campaign ends on January 15, 2025.

Enjoy this? follow for more at @gadgeteerth @0x_nanobro