Liquid staking has been one of the best performing sectors in the crypto space๐ฅ
Among these, protocols such as @WombatExchange offers the best real yield opportunities ( 10%+ APR) for LSDs like wBETH and frxETH.
Hereโs thread on the future of LSD yield farming๐งต
$WOM $BNB $ETH
2/ In case you missed my previous thread about LSDs, where I introduced popular LSD protocols like @staderlabs and @BenqiFinance, don't worry! You can catch up right here:
๐๐
$SD $Qi $BNB $AVAX
3/ So, what exactly is @WombatExchange ?
It's a Multichain StableSwap protocol powered by $BNB and #Arbitrum. ๐ฅ
Here, users can deposit, swap, and farm using pegged assets like Stablecoins and LSD tokens. โ
Now, let's dive into the LSD opportunities on Wombat๐
$ARB $WOM
4/ @binance has kicked off its $ETH staking option and teamed up with Wombat to launch the $wBETH pool.๐คฏ
By staking $ETH on @binance, you can earn a sweet 3.81% APR. In addition, you'll receive $wBETH as an LSD form of $WETH!๐
$ETH $WOM
5/ Holders of $wBETH can take it a step further and provide liquidity on Wombat, scoring an additional 8.5% APR. ๐ฅ
To incentivize $veWOM holders, @binance has allocated $2.5k in bribe rewards for voting on the $wBETH pool. These rewards are exclusive to @WombatExchange โ
6/ Let's explore Opportunity 2:
@fraxfinance has ventured into the LSD space, offering a tempting 6.81% APR on $frxETH. ๐คค
And here's the cherry on top:
Wombat has $frxETH pools where you can earn an impressive 13% APR by staking $frxETH! ๐ฅ
$FXS $WOM $Eth
7/ Opportunity 3 awaits!
@staderlabs one of the prominent players in the LSD arena, allows you to stake $BNB on @staderlabs and earn a solid 4% APR with $BNBx โ
But hold your horses!
Liquidity providers of the $BNBx pool on Wombat can enjoy an extra 14% APR on top of that๐ฅ
8/ Brace yourselves for Opportunity 4:
@pStakeFinance, a notable protocol in the LSD space. Stake $BNB for $stkBNB and earn a respectable 3.35% APR. ๐
But the excitement doesn't stop there! ๐คฏ
By staking $stkBNB on Wombat, you can snag an additional 12.47% APR!๐ฅ
9/ Here comes Opportunity 5โ
Brought to you by @ankr, a true giant in the LSD arena. ๐ช
Stake $BNB on @ankr and earn a decent 3.51% APR.
The ankrBNB pool on @WombatExchange boasts an impressive TVL of over $3.33M. By staking it on Wombat, you can earn an extra 3.69% APR! ๐ฅ
10/ Ready for Opportunity 6๐
@TENfinance, a rising star in the LSD space, invites you to stake $BNB on @TENfinance and earn 3% APR with $BNBy โ
But hold on tight, as $BNBy offers one of the most alluring APRs on @WombatExchange, nearly reaching 33% on top of the base APR!๐ฅ
11/ Now, let's talk about @WombatExchange's fantastic ecosystem, complete with its own yield boosters.โ๏ธ
Brace yourself for a unique twist! โ
They have LSD versions of $WOM tokens, all of them offering captivating rewards. ๐ฅ
Let's explore $mWOM, $wmxWOM, and $qWOM! ๐๐
12/ Get ready for Opportunity 7: ๐ฅ
@magpiexyz_io a formidable yield booster on @WombatExchange โ
Convert your $WOM into $mWOM and get 17.64% APR on Wombat with $230k liquidity.
Staking yields have 77% APR, locking $mWOM gives mouthwatering 102% APR on Magpie dApp.๐ฅ
$MGP
13/ Opportunity 8 is calling! ๐คฏ
@WombexFinance home to the largest $veWOM treasuryโ
Convert your $WOM into $wmxWOM on Wombex and unlock an impressive 13.42% APR on @WombatExchange ๐
But that's not all! Staking $wmxWOM on their dApp rewards you with a juicy 41% APR!๐
$WMX
14/ And last but not least, Opportunity 9๐ฅ
@QuollFinance a captivating yield booster built on top of @WombatExchange ๐
Convert your $WOM into $qWOM and experience an enormous 143% APR by staking it on Wombat. ๐ฅ
Their dApp offers a juicy 88% APR by staking qWOM. ๐
$QUO
15/ Keep in mind that $WOM conversions are irreversible, and there may be certain risks involved. ๐
When swapping LSD versions on Wom token, losses can occur based on the peg of the LSD tokens.โ ๏ธ
16/ If you've made it this far, you'll understand why @binance chose @WombatExchange as the go-to liquidity center for $wBETH ๐ฅ
Wombat shines as the liquidity hub for both the $BNB and $ARB chains, thanks to its unique and innovative design. Get ready to witness its power!๐ช
17/ Last but not least, if you enjoyed this thread, feel free to follow, like, retweet, and comment to show your support! ๐
Which opportunity fascinated you the most? And which protocol should I dive into for my next research? Your input is valuable๐๐
@WinterSoldierxz @rektfencer @Slappjakke @Only1temmy @rektdiomedes @Chinchillah_ @DeFiMinty @TheDeFISaint @DeFi_Cheetah @Louround_ @CryptoShiro_ @defi_mochi @crypto_linn @0xFlips @2lambro @ThorHartvigsen @ViNc2453 @alpha_pls @0xJamesXXX @DefiIgnas
@DefiIgnas @crypthoem @0xsurferboy @TheDeFinvesto @0xCrypto_doctor @psychguy_eth @DAdvisoor @arndxt_xo @milesdeutscher @CJCJCJCJ @francescoglt @kindahangry @schizoxbt @Subli_Defi @0xTindorr @NintendoDoomed
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