Stephen | DeFi Dojo
Stephen | DeFi Dojo

@phtevenstrong

10 Tweets 47 reads Mar 23, 2022
Another ๐Ÿงต, just to see if I can get any good at these.
Stablecoin yields are something I get asked about all the time and something that my team has dedicated a lot of time towards researching.
1/x
2/x @anchor_protocol comes as no surprise. 20% APY, relatively stable yield on aUST, lasts as long as it maintains reserve injections, bAsset interest, and borrow interest.
3/x Cash-Secured Puts Option vaults range from 15%->50% APY & are designed to expire out of the money.
Some great CSP vaults can be found on @ThetanutsFi, @friktion_labs, & Katana.
Deposit a stablecoin and get a positive yield on it so long as the underlying stays above strike.
4/x Looping: high risk & gotta be fast.
Directions:
1. Collateralize stable on lending platform
2. Borrow stable against it
3. Swap to collateralized stable
4. Add that to collateral
5. Repeat
Done right, you can get >50% APY for a couple of whiles.
Pictured: @solendprotocol
5/x @BeanstalkFarms
Over 30% APY on the 3crv - $bean stable LP
Over 20% on the $bean single asset staking LP ( $bean is a stable )
Note: 3CRV is a stable that can be used to get yield on various places, but the bean LP is one of the most consistent at the moment.
6/x Degenbox on abracadabra.money still yields over 50% APY on stables, BUT it relies on MIM being available.
If you can get in this strategy, do, but then forget about it for a few months. Exiting and entering can be costly, and people will be quick to take your spot.
7/x Forex pairs using Jarvis assets on Polygon (I use @beefyfinance) consistently yield 10%-45% APY and get you exposure to non-USD stables //if// you're looking to diversify.
8/x @HectorDAO_HEC's $TOR LP is currently yielding over 20% and has been remarkably consistent. You can also "zap" in various different stables to start earning yield.
You could also lend ETH on HEC Bank, borrow 50% FRAX & zap into $TOR LP for ETH exposure & >25% APY.
9/x Delta Neutral Positions are similar to stablecoin yields because there's no volatility to the staked strategy.
Unfortunately, impermanent loss is still a buzzkill.
Protocols like @single_finance, @Francium_Defi, & @ApertureFinance have done a great job with this.
>25% APY
10/x
I'll leave it at that, though there are certainly more to consider.
FWIW, my team works hard on curating/vetting strategies and if you want to talk to us about or discuss these strats, consider joining the Patreon & premium discord.
We'd love to have you!
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