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Did you know that yield farmers 👩🌾 can snatch a 0.359% bonus by providing (@WrappedBTC) liquidity to the @CurveFinance sBTC pool, while also collecting , , and rewards?
Well, they can and here’s how! 👇
@WrappedBTC @CurveFinance 2/6
Step 1:
Buy wBTC using or on the deeply-liquid 🌊 high-speed ⚡️low-fee ⬇️ & ZERO-gas ❌⛽️ DeversiFi.com markets
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@WrappedBTC @CurveFinance 3/6
Step 2:
Withdraw wBTC to your private wallet (must wait for an available batch — better withdrawals coming very soon!) 👀
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@WrappedBTC @CurveFinance 4/6
Step 3:
Stake your wBTC tokens into the sBTC pool on CurveFinance where (as things stand) you’ll get a 0.359% bonus on your deposit!
⚠️ Please ensure you understand how CurveFinance pools work + how under/overweight assets are incentivised.
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Step 4:
Stake your newly minted Curve LP tokens into the CURVEPOOL sBTC (LP Rewards) at mintr.synthetix.io and 👉 start receiving BPT rewards (REN and SNX)
10k SNX ($33k) and 25k REN ($4k) are up for grabs weekly ending on 28.08.2020. You can also earn and .
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More info here: blog.synthetix.io/btc-yield-farm…
⚠️ This is NOT investment advice. You should always do your own risk assessment. We’ve provided this walkthrough as an example of how some DeversiFi traders are farming yield using our liquid wBTC markets.
Now, go farm! 🌾
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